Let La Loma assist you in obtaining an affordable Home Equity Line of Credit. With a home equity line of credit, you have the flexibility to make large purchases – such as a new car or truck, recreational vehicle, your dream vacation, or home improvements! It could also be your answer to debt consolidation or college expenses!! The home equity line of credit is an open-ended, variable rate loan, secured by a deed of trust against your real property. La Loma offers this program on your primary residence or second home (no rental properties or manufactured homes). The amount of your credit line will depend on the amount of equity you have in your home. It makes good financial sense to use your home as collateral since the interest on your home equity loan may be tax deductible (you should consult with a tax advisor for your particular situation). La Loma will only take position as first or second mortgage lien holder.

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Our HELOCs include:

• No origination fees for HELOCs up to $75K!*

• Credit limits up to $200,000

• Borrow up to 80% of the available equity

• No prepayment penalty

• Payments can be made through online or mobile banking

• Interest may be tax deductible. Please consult a tax professional.

• No origination fee for HELOC limits of $75,000 or less

• Interest rate adjustments occur in February and August

• Funds can be accessed by check, online banking, or at the nearest branch

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