Home Equity Lines of Credit & Loans
Bills to pay or plans to pursue?
With a Home Equity Loan or Home Equity Line of Credit, you can use the equity in your home to finance all sorts of plans and ideas.
Limited time offer - HELOC rates as low as 7.49% APR*
Any time is a great time to make home improvements, but for a limited time, your options are even better with a special rate from Banner Bank. Available for Home Equity Line of Credit applications submitted between March 4, 2024 and May 31, 2024.
Home Equity Loan
Secure an installment loan for your one- to four-unit family residential property, whether or not you are an owner occupant». It can help you so many ways, beyond just housing needs:
- Home improvement tasks
- Debt consolidation
- College tuition
- Interest may be tax deductible. Consult a tax adviser to find out.
Home Equity Line of Credit
Use the equity in your home to finance all sorts of ideas». You can even use it to consolidate debt or pay off bills. Flexible options make it easy for you to use the credit in the ways you need it most:
- Funds can be advanced through a Banner Bank Home Equity Rewards Mastercard®, online transfer or by a telephone request.
- You can fix the rate for either two, five or 10 years, providing protection from increases in interest rates.
- Interest may be tax deductible for this loan. We always encourage you to verify with your tax adviser.
Care to chat? Call us to apply by phone.
Monday-Friday 8:00 am - 5:00 pm (Pacific Time)
What is a HELOC and How Can You Use One?
A home equity line of credit, otherwise known as a HELOC, allows you to use the equity in your home to finance a variety of sizeable expenses. In this blog, you'll learn about HELOCs and get tips on how you can use one.
How quickly can I pay off debt?
Consolidating your debt is only half of the battle. You still need a plan to get your debt paid in full. This calculator can show you how to accelerate your debt payoff.
Home Renovation Financing Options
One of the first big decisions when starting a home improvement project is planning how to pay for it. See what options we offer to fund your next home project.
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APR (Annual Percentage Rate) as low as 7.49% fixed for first 12 months requires a minimum FICO score of 800, not all applicants will qualify. Followed by a floating rate of WSJ Prime plus 0.74% with a floor rate at 6.74% APR. Fixed and variable rate includes a 0.25% discount with autopay AND 0.25% for Banner’s Best checking account. $200 documentation fee, waived. Annual fee of $125 applied on first anniversary and each year after. Maximum Loan to Value is 80%. Excludes, existing Banner Bank HELOCs and non-owner-occupied transactions. Residential appraisals only, no commercial appraisals and proof of insurance is required. Subject to credit approval. Available for applications submitted between March 4 and May 31, 2024.
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Subject to credit approval and limited to residents of Washington, Oregon, Idaho or California. View a list of Banner Bank's Mortgage Loan Originators National Mortgage Licensing System ID numbers.
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