Real Estate Loans

Whether you want to borrow money for a down payment on a new home or you are looking to use the equity you have in your current home, these loans offer a smart and easy way to meet your needs.

Home Equity Line of Credit (HELOC)

A HELOC is a flexible way to use your home's equity for home improvement projects, college tuition, or even that dream vacation.

With a Security Savings Bank HELOC, you benefit from competitive rates and you won’t pay any closing costs or annual fees. This line of credit works like a checking account, allowing you to write checks or use a Visa® Check Card to make purchases. Your monthly billing statement will arrive around the middle of each month showing all of your transactions.

The maximum LTV is 90% with a minimum loan amount of $10,000 and a maximum of $100,000. HELOCs come with a 10 year term and monthly payments are the greater of $75 or 1.50% of the outstanding balance.

For more information, visit with a  Personal Banker  today.

Approval is subject to credit and collateral review. Minimum monthly payments may not fully repay the loan. A single payment for the entire balance may be required at maturity. Prepayment penalty may be imposed if the loan is paid off within the first year. Property and flood insurance is required. Consult your tax advisor about interest deductibility.

Second Mortgage

This is a perfect fit if you are applying for a mortgage loan and don't have money saved for a down payment. You'll receive a second mortgage for 20% of the purchase price of your home, so that you can finance the other 80% with one of our many mortgage loan options. We offer competitive rates, which change daily, so check with a Personal Banker or Mortgage Loan Officer today.