Home Equity Products

Additional Documentation

If you are a salaried employee:

• Pay stubs-copies of your most recent stubs (past 30 days)
• W-2 forms-copies for past year
• Work history-explanation of employment gaps of 1 year or more

If you are self-employed or receive rental income:

• Tax returns-copies of personal and business tax returns from the past 2 years for each business, including all schedules
• Other sources of income

If applicable, we will also need:

• Documentation from additional sources of income (e.g., Social Security Awards Letter, leases and recent tax returns for rental income.)

We may also request:

• Homeowner’s insurance statement evidencing annual premium and dwelling coverage
• Mortgage Statement and/or escrow
• Trust agreement-if applicable
• Life Estate agreement-if applicable

Once the Loan/Line of Credit is approved

• Insurance Binder
• All individuals on Deed must attend closing regardless if they are on the loan or not

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is best if you need access to a revolving line of credit to meet your needs as they arise.

Need to:

• Purchase a Principal Residence OR
• Refinance an Existing HELOC secured By Your Principal Residence
• Consolidate Debt, Make Home Improvements, or Future Needs

Purchase a Principal Residence

Fixed Rate Loan Conversion Option

Fixed rate loan conversion allows you to convert a portion or all of the outstanding line balances into a fixed term loan. This option is only available on new home equity line of credit applications received on or after 2/1/19.

Call 800-244-7592 or visit a branch

Consolidate Debt, Make Home Improvements, or Future Needs