kitchen cupboards and a gas stove top

Home Equity Lines of Credit

A better way to capitalize

A home equity line of credit lets you make the most of the equity you have in your home. Use it however you need to — finance home improvements, pay an unexpected expense or finance a college education. You’re in charge!

How it Works

With a home equity line of credit (HELOC), your primary residence or second home serves as collateral for a predetermined credit limit.

What You’ll Get

The loan, or line of credit, is based on a simple equation involving the appraised value of your home and the amount remaining on your mortgage.

How You’ll Get It

Draw on your line of credit for 10 years, while making monthly principal and interest payments. Monthly payments continue until the loan is paid in full.

My experience with LANB in Santa Fe has been pleasant, especially the people I have dealt with. After having a great experience with my construction loan, I went back to LANB for my mortgage. Both processes went extremely smoothly.

— Jeff P., LANB Borrower

A home equity line of credit might be the right choice for you because interest rates are typically lower than other forms of credit. Your home is used as collateral, so the bank takes on less risk, which means a better interest rate for you.

Between $10,000 and $1,000,000 depending on your credit history, available equity in your home, and your current debt.

Yes. We can help you pay off or transfer higher-rate balances to your home equity line of credit when it’s opened, and you can pay off or transfer balances after opening through online banking or working with us in person or on the phone. Your ability to pay off or transfer balances is subject to your approved credit limit.

Contact our Consumer Loan Department to discuss your goals and apply for your loan.

Find a location near you
Contact us today
Give us a call

Disclosures

NMLS #546116

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Credit products are not FDIC insured.

For our online application, children under the age of 13 should not visit our website without a parent present.

You are now about to leave the Los Alamos National Bank website.

Cancel Accept