Home Equity Loan
Unlock the Value of Your Home
A Home Equity loan allows you to borrow against the value you’ve built in your home, giving you access to funds for major expenses like renovations, debt consolidation, or other large purchases. With predictable fixed rates and set monthly payments, you’ll know exactly what to expect, making it easier to budget with confidence.
- High Borrowing limit (up to 80% of your home’s value)
- No closing costs* and low monthly payments
- Fixed rate for predictable payments and your loan term
- Experts guiding you through the entire process
Fixed Interest Rate
Your payments stay the same throughout the loan term.
Lump Sum Funding
Receive all your money upfront, useful for big projects or expenses.
Flexible Uses
Finance home renovations, consolidate debt, cover medical expenses, or take a dream vacation.
Finance Life's Big Moments
Planning a home improvement project, paying for a wedding, or looking to consolidate high‑interest debt? A Home Equity Loan can help you access the funds at a lower rate. At Tyndall, you’ll get trusted guidance from an experienced lender every step of the way, making repayment simple, affordable, and stress‑free.
Have a Question about Home Equity Loans?
Frequently Asked Questions
What is a Home Equity loan?
A Home Equity loan lets you borrow money by using the equity in your home as collateral. Equity is the difference between your home’s market value and the amount you still owe on your mortgage.
How is a Home Equity loan different from a Home Equity Line of Credit (HELOC)?
A Home Equity loan gives you a lump sum upfront with a fixed interest rate and fixed monthly payments. A HELOC works like a credit card: you can borrow as needed during a draw period, and payments may vary.
What can I use the loan for?
Common uses include home improvements, debt consolidation, medical expenses, swimming pool, A/C units, or other major purchases.
How do I qualify?
To qualify for a Home Equity loan, Tyndall reviews key factors like your credit score, income, debt-to-income ratio, home value, and how much equity you have in your home.
*APR = Annual Percentage Rate. Rates shown are generally the lowest currently available. Subject to loan approval and closing. Borrower is responsible for property insurance and flood insurance, if applicable, and property taxes. The loan's property must be insured until the loan is paid in full. Subject property must be your primary or secondary residence. After your application has been completed and approved, a closing date will be scheduled. Rates and maximum Loan-to-Value are based on the borrower’s creditworthiness.
"No Closing Costs" Promotional offer - for a Home Equity Loan, Tyndall will pay all typical closing costs on primary residences. Typical closing costs do not include an appraisal, nor does it include a title policy and associated fees if the loan is required to close at the title company. To receive "No Closing Costs" offer, Minimum Loan Amount - HE Loan $7,500; Minimum Loan Amount - Equity Advantage $25,000; Maximum Loan Amount - $500,000. If loan is terminated within 3 years, closing costs that were paid by Tyndall must be reimbursed by the borrower. Promotional offers open to members who apply for and open a Home Equity Loan during the promotional period. Offer available for a limited time. Some restrictions apply. Offer subject to change without notice.
Membership required; NO membership fee applies. NMLS #597599.
LATE CHARGE - If your payment is more than 10 days late, we may collect a late payment charge from you of 10% of the payment then due, with a minimum of $5.00.