Home Equity Loans & Lines of Credit

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Competitive, flexible financing options for homeowners

Unlock the financial benefits of homeownership

Homeownership is a long-term commitment, but it’s also a key to enjoying various financial benefits.
With Patterson State Bank’s Home Equity Loans and Lines of Credit, you can tap into your home’s equity,
unlocking a valuable source of funds.

By choosing us, you benefit from competitive rates, making your borrowing experience more affordable. Plus, the interest on these loans may be tax-deductible (we recommend consulting your tax advisor for tailored advice).

Our flexible lending solutions are designed to cater to a wide range of financial needs, including:


Home repair or remodel


New vehicle


Swimming Pool


Debt consolidation


Education expenses


Family vacation and more


Maximize your home’s potential with a Home Equity Loan

Tap into the value of your home with our Home Equity Loans service, offering a smart way to finance large expenses or consolidate debt. By leveraging your home’s equity, you gain access to a flexible funding source, competitive rates, and potential tax benefits.

This service could be a cost-effective solution for home improvements, major purchases, or educational expenses.

Home Equity Line Of Credit

Enjoy flexible financial solutions with a Home Equity Line of Credit

Experience tailored financial flexibility with our Home Equity Line of Credit service. This adaptable solution allows you to use your home’s equity as a revolving line of credit, perfect for managing fluctuating expenses, under taking home renovations, or addressing unexpected financial needs.

Enjoy the advantage of drawing funds as needed, only paying interest on the amount you use. Our competitive rates and potential tax benefits make this a smart choice for savvy financial planning.

What is the difference between Home Equity Loans
and Home Equity Lines of Credit?

Home Equity Loans


Type of credit: This is a lump-sum loan. You receive the entire loan amount upfront.


Interest rate: The interest rate is usually fixed, meaning your monthly payments remain the same throughout the loan term.


Repayment: You repay the loan in fixed monthly installments, covering both principal and interest, over the term of the loan.


Best for: Ideal for specific, one-time expenses where you know the exact amount you need up front. This could include large-scale home renovations, paying off high-interest debts, or funding major life events like a wedding or college tuition.

Home Equity Lines of Credit


Type of credit: This is a revolving line of credit, similar to a credit card. You have a credit limit and can borrow as much as you need up to that limit during the draw period.


Interest rate: HELOCs typically have variable interest rates, which means your payment amounts can change based on interest rate fluctuations.


Repayment: During the draw period, you might only pay interest on the amount you’ve borrowed. After this period, you repay the borrowed principal with interest.


Best for: A HELOC is suitable for ongoing expenses or projects where the total cost isn’t clear from the start–like ongoing home improvements or education costs–or as a general financial backup.

Ready to leverage your home’s equity with Patterson State Bank’s
flexible and competitive options?

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