Home Equity Loans

Home equity loans offer a wide variety of amortization periods, which is the length of time allowed to pay back a loan. The interest rate is fixed, so your rate can never go up. The interest paid may be tax deductible.* Contact our Home Loan Center for complete details.

  • Loans from $45,000 - $200,000
  • Maximum Loan-to-Value = 80%
  • Minimum mortgage credit score of 700 required
  • For existing Colonial customers only
  • No closing costs to $100,000 unless appraisal is required
  • Title policy and Title closing fees are needed for loans above $150,000
  • 45% max Debt-to-Income ratio
  • Available for cash out or limited cash out
  • Available in the following states: AZ, CA, CO, FL, GA, IL, IN, KS, LA, MD, MI, MO, NC, NM, OH, OK, PA, SC, TX, VA, WA and WI

*Consult your tax advisor
 

 

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