Skip to main content
Elements is detecting an elevated level of debit card fraud among our members. Our team may contact you if suspicious activity is found on your account. To verify the communication, simply call the number on the back of your debit card. Please monitor your account activity and report anything unusual to Elements right away. Thank you for your cooperation. Learn more here.
  1. Home
  2. Loans
  3. Home Equity
  4. Compare Home Equity Loans

Compare Home Equity Loans

Back to all home equity loans

  Home Equity Line of Credit Home Equity Loan Home Improvement Loan - Unsecured Home Improvement Loan - Secured
  Apply Now Apply Now Apply Now Apply Now
What It Is

Borrow funds using the equity in your home

Borrow funds using the equity in your home

 Borrow money without using collateral Borrow money by pledging an asset (your home) as collateral
Key Benefits

Lowest home equity rate

Fixed monthly payments

Easy access to funds

Can be easier to get if you need to rebuild credit

Access to larger funds
A Good Option If You

Want flexibility to draw funds only when needed

Want money up front in a lump sum single payout

Want predictable monthly payments that stay the same

Need funds specifically for a home improvement project

Have a high credit rating

You need funds specifically for a home improvement project

Have lower equity in your home
Can Use It For

Unexpected emergencies

Home improvements

A new car 

Tuition

That big vacation

A second home

Medical bills

Debt consolidation

Unexpected emergencies

Home improvements

A new car 

Tuition

That big vacation

A second home

Medical bills

Debt consolidation

Home improvements

Home improvements
APR

Intro APR for 6 months: As low as 4.99%

Variable APR after 6-month intro period: As low as 7.50%1

10 Year Fixed: 8.514%2

15 year Fixed: 8.717%2

Fixed rate, terms vary: 9.34%

10 Year Fixed: 9.28%

15 Year Fixed: 9.98%
Closing Costs None Typically between $538 to $641 $140 processing fee Typically between $500 to $1,200
No Prepayment Penalties
No Annual Fee
Available Amounts Up to 100% of the value of your home Up to 100% of the value of your home Up to $25,000 Up to $250,000 (up to 133% of current value of your home)
  Apply Now Apply Now Apply Now Apply Now
Add a Home Equity Loan
Change Loans

View Home Equity Terms

Need help choosing the right home equity loan?

We are happy to help! Call 1-800-621-2105 or start a live chat.

  1. 1 Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. The term is 25 years, consisting of a 10-year draw period with interest-only payments followed by a 15-year repayment period with principal plus interest, which may increase your monthly payments. The Introductory Annual Percentage Rate (APR) of 4.99% is for new Home Equity Lines of Credit only and is for the first six months. HELOC modifications, renewals and increases that utilize the same property are not considered new and are not eligible for the introductory rate. To receive the Introductory rate, a draw of at least $10,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate as published in The Wall Street Journal plus a margin. The APR will never be lower than 3.75% or higher than 18%. The stated rate, correct as of March 1, 2025, applies to borrowers with credit scores of 730 or greater, CLTV 80% or less, and owner-occupied single-family residences. Elements Financial will conditionally waive the following Closing Costs associated with your home equity line of credit: flood certification, title search or title abstract, credit report, recording fees, and a simple valuation. You may be required to pay other costs such as taxes, and when required, appraisal fees. However, if you close your home equity line of credit within 36 months after it is opened, you will be required to pay an Early Closure Fee in the amount of the Closing Costs originally waived. These costs vary by state and property type. Elements Financial reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. Elements Financial Membership Required.
  2. 2 Payments shown do not include taxes and insurance premiums. Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. Annual Percentage Rates (APR), effective March 1, 2025, and example monthly payments are calculated using loan amounts of $50,000, a credit score of 730 or greater and combined loan-to-value of 80% for a single-family residence and estimated closing costs of $615.66 for the 10-year and $495.01 for the 15-year. A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.