Put Your Home’s Equity to Work
If you’re planning for a one-time expense, like a major renovation, large purchase, or debt consolidation, a home equity loan from Roxboro Savings Bank could be the perfect fit.* You can receive your funds in a single lump sum and repay the loan on a fixed schedule, making it easy to budget with confidence.
Home Equity Loan Features
- Credit limits starting at $5,000
- Secured by a first or second mortgage on your primary residence
- No closing costs
- Variable rate options based on loan amount:
- Under $24,900: Prime + 1.00%
$24,900.01 to $49,900: Prime + 0.50%
$49,900.01 and above: Prime
- Under $24,900: Prime + 1.00%
- Access your line for up to 15 years
- Easy access to funds using free custom checks
- Monthly statements with payments due of 1.5% of the outstanding balance or $100 (whichever is greater)**
- No payment due if the line has no balance
- Payments can be made: In person at either branch, by mail, on Roxboro Saving's website, or automatic deduction from a Roxboro Savings Bank account***
*Consult your tax advisor for potential tax benefits.
**Interest-only payment option may be available to qualified borrowers.
***Automatic deductions can also be made from accounts at other financial institutions.
Apply Today
To learn more or apply, call us at 1 (866) 601-6070, visit one of our convenient locations, or fill out our online contact form. Our team is here to help you make the most of your home’s equity.