Home Equity Lines of Credit & Loans

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Have bills to pay or plans to pursue?

With a Home Equity Line of Credit, you can use the equity in your home to finance all sorts of plans and ideas.

With a Banner Bank loan, you'll get:

Competitive rates and fees percentage sign

Competitive rates and fees

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In-house approvals and fast processing

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Exceptional client service

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Clear and responsive answers

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Limited time offer - HELOC rates as low as 3.24% 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.

  • Apply for a Home Equity Line of Credit between March 2 - May 1, 2020
  • 0.25% discount when you have a Banner’s Best checking account
  • 0.25% discount when you set up auto-pay
  • Requires minimum FICO score of 750
  • Subject to credit approval

 

A father and young son in yellow hard hats smiling while working on improvements
Home Equity Line of Credit
Use the equity in your home to finance all sorts of ideas, like landscaping your lawn or putting a pizza oven on your patio. 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.
 
Two people measure wood for home improvements on a tool-covered table
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.

Care to chat? Call us to apply by phone.

Monday-Friday 8:00 am - 5:00 pm (Pacific Time)

866-641-5335 | loanbyphone@bannerbank.com

What is a HELOC and how can I use one?
Man and woman unroll area rug onto wood floor
Whether it’s a new roof that just can’t wait or college tuition coming due, sizable expenses sometimes require financing. If you are a homeowner, a source of funds that may be available is a home equity line of credit, or HELOC. 
How quickly can I pay off debt?
Calculator
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
A couple review their improvement plans
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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Subject to credit approval and limited to residents of Washington, Oregon, Idaho or California, or current Banner Bank deposit clients. View a list of Banner Bank's Mortgage Loan Originators National Mortgage Licensing System ID numbers.
*
APR (Annual Percentage Rate) fixed for first 12 months, followed by a floating rate of WSJ Prime plus 0.24% with a floor rate at 4.49%. Rate includes a 0.25% discount with auto-pay AND 0.25% for Banner’s Best checking account.  Annual fee of $75 is waived the first year. Maximum Loan to Value is 80% (see rate sheet). Requires a minimum FICO score of 750. Excludes purchase money and non-owner occupied transactions. Residential appraisals only, no commercial appraisals. Subject to credit approval. Available for applications submitted between March 2, 2020 through May 1, 2020.
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