Home Equity Loans & Lines of Credit
Home Equity Loans
With a Huntington Federal Home Equity Loan you might be able to save money on our low fixed interest rates that could be tax-deductible (consult your tax advisor). You’ll enjoy the convenience of affordable monthly payments over a fixed time period and you might be able to save even more by paying off higher interest obligations.
Home Equity Line of Credit
A Home Equity Line of Credit is a line of revolving credit in which your home serves as collateral. Your credit amount is based on the amount of equity you have in your home, your ability to repay and other qualifying factors. You can borrow or draw on the line of credit for a period of time, typically up to ten years. Your home equity credit line can be used for anything. Since your home is likely your most valuable asset, most people use their home equity line of credit for major expenses.
How You Can Use Your Home Equity Loan or Line
- Home Improvements
- Tuition Expenses
- Auto / RV / Boat Purchases
- Dream Vacations
- Medical Bills
- Pay off high interest rate credit cards
- Consolidate debt
All Huntington Federal lending products are subject to credit review and approval.