Home Equity Loans

You can apply for a Home Equity Loan or HELOC in the way that’s most convenient for you. Simply choose one of the following options:

• Apply online: Our online loan application is easy, simple, and convenient.

• Visit a local branch: Stop by any D.L. Evans Bank location, where our team will be happy to assist you in person.

• Use Video Banking: Connect with one of our Digital Bankers through our Video Banking service for a face-to-face experience from anywhere.

If you have any questions about the application process or need help choosing the best option, our team is here to help!

Yes, you can pay off your D.L. Evans Bank home equity loan or HELOC early without any penalties. We don’t charge prepayment fees, so you’re welcome to pay off your balance at any time that works best for you. If you have any questions or would like help with the payoff process, our team is always here to assist you!

Accessing your HELOC funds is easy and convenient! Simply log in to Online Banking or Mobile Banking and transfer funds from your HELOC directly to your D.L. Evans Bank checking or savings account. You can do this anytime through our website or mobile app.

You’ll also be able to view your HELOC balance and make payments through these digital channels. If you prefer, you may also visit a branch or use an ATM to access your funds. If you have any questions or need assistance, our team is always here to help!

To qualify for a Home Equity Loan or Home Equity Line of Credit (HELOC), here’s what you’ll need:

• Home Equity: You’ll need to have built up enough equity in your home.

• Credit Review: We’ll take a look at your credit history and overall financial picture.

• Primary Residence: For a HELOC, your home should be your main residence. Home Equity Loans may also be available for other properties you own.

• Eligible Property: Only certain types of residential properties are eligible.

• Steady Income: We’ll ask for proof of income to make sure the loan is a good fit for you.

• Personal Use: These loans are designed for personal, family, or household needs—not for business purposes.

Every application is unique, and we’re happy to walk you through the process and answer any questions you have. If you’re interested or just want to learn more, please reach out—we’re here to help you make the most of your home’s value!

To qualify for a Home Equity Loan or Home Equity Line of Credit (HELOC), you’ll need to meet a few basic requirements:

• Sufficient Home Equity: You must have enough equity built up in your home.

• Good Credit: Your credit history and financial stability will be reviewed.

• Owner-Occupied Property:

• For a HELOC, the home must be your primary residence. Home Equity Loans may be available for other properties you own.

• Eligible Property Type: Only certain types of residential properties qualify.

• Verifiable Income: You’ll need to show that you have a reliable source of income to repay the loan.

• Personal Use: The funds must be used for personal, family, or household purposes (not for business).

All applications are subject to credit approval and may require documentation such as proof of income and homeownership. If you have questions or want to see if you qualify, we’re here to help!

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are both ways to borrow against the equity in your home, but they work differently. A Home Equity Loan provides you with a lump sum of money up front, which you repay with fixed monthly payments over a set term—making it a good choice if you need funds for a specific purpose or project. In contrast, a HELOC functions more like a credit card: it gives you a revolving line of credit that you can draw from as needed, up to your approved limit, and you pay interest only on the amount you use. This flexibility makes a HELOC ideal for ongoing expenses or projects where costs may vary over time.