Turn the equity in your home into cash
Borrow up to $250,000of your Home’s Equity
Consolidate Debt • Improve Your Home • Finance Education
Home Equity Line of Credit
• Draw funds as you need
• Pay interest only on the funds you draw
Home Equity Loan
• Funds available in one lump sum
• Fixed monthly payments
How much could you save with a Home Equity Line of Credit?
| Loan Amount | Approximate Monthly Payment | |
|---|---|---|
| Car Loan | $50,000 | $988.911 |
| Personal Loan | $25,000 | $561.062 |
| Credit Cards | $25,000 | $5003 |
| Total | $100,000 | $2,049.97 |
| Loan Amount | Annual Percentage Rate | Approximate Monthly Payment | |
|---|---|---|---|
| Justice Federal Home Equity Line of Credit | $100,000 | as low as 7.25%4 |
$1,0005 |
Home Equity Loans & Lines of Credit
Whether you're looking to update your home, make a major purchase, or simplify your finances, a Home Equity Loan or Line of Credit can help.
- Loans from $10,000 to $250,000
- Fixed monthly payment or revolving line of credit
- Interest paid may be tax deductible - consult a tax advisor for details
Understanding the Basics of Home Equity Loans
What is the difference between a home equity loan and a home equity line of credit?
A Home Equity Loan lets you borrow a fixed amount, secured by the equity in your home, and receive your money in one lump sum. Typically, home equity loans have a fixed interest rate, fixed term and fixed monthly payment.
A Home Equity Line of Credit (HELOC) allows you to borrow money as you need it with your home as collateral. Once approved for a HELOC you can draw funds over the “draw period” as you need, up to your approved credit limit.
Interest on a Home Equity Loan or Line of Credit may be 100% tax deductible. Please consult a tax advisor for details.
Home Equity Line of Credit Disclosure
How do I figure out how much I can borrow?
Your borrowing ability is determined by the equity you have in your home as well as other factors such as credit history.
Borrow up to 90% of your property's appraised value, minus your first mortgage balance. Please note, the appraisal must be less than 6 months old at the time of closing.
Example
| Your Appraised Property Value | $200,000 |
| 90% of Appraised Value | $180,000 |
| Less Your First Mortgage Balance | $160,000 |
| Your Available Equity | $20,000 |
How do I apply for a Home Equity Loan or Line of Credit?
You may apply online, visit your nearest branch, or call 800.550.5328. Please note, Home Equity Loans and Lines of Credit are not available in all states.
Eligible Locations
Home Equity Lines of Credit are available in the following states:
California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, and West Virginia.
Home Equity Loans are available in the following states:
California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas*, Virginia, and West Virginia.
*Justice Federal only offers an 80% Loan to Value in Texas as an Equity Express Closed End Loan.
Loans Calculators
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Legal Disclaimers & Information
*Closing costs range from $150-$3,000. The closing costs may vary based on the location, government recording charges and the amount of the equity loan. Property Insurance is required. Interest on the amount greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Other restrictions may apply. Interest may be tax deductible. Consult a Tax Advisor. Home Equity Lines of Credit and Home Equity Loans are not available in all states.
1Payment based on average annual percentage rate for a new auto loan of 6.94% as of March 2025 courtesy of USNews.com. Average rate is not based on a particular credit score range and lower rates may be available.
2Payment based on average annual percentage rate of 12.37% for a personal loan as March 2025 courtesy of BankRate.com. Average rate is not based on a particular credit score range and lower rates may be available.
3Payment based on 2% of balance and average annual percentage rate of 24.20% for a credit card as of March 2025 courtesy of LendingTree.com based on good credit (690-719). Rate could be variable and lower rates may be available.
4Actual annual percentage rate (APR) will be determined when you apply and will be based on factors including combined loan to value, credit history, amount financed and the term of your loan, and is based on the highest Prime Rate as published in the Money Rates Section of the Wall Street Journal and is subject to change quarterly. Prime rate = 7.00% as of October 30, 2025. Maximum APR is 18.00%. Minimum APR floor rate is 4.00%. Average closing costs range from $400 to $3,000. Closing costs vary based on the location, government recording charges, and the amount of the equity loan, and may be less than or greater than the average provided. Property insurance is required. Other restrictions may apply. Interest may be tax deductible. Interest on the amount greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Consult a tax advisor. Home Equity Lines of Credit are not available in all states.
5Approximate payment amount based on 1% of balance during the draw period. Monthly payment may increase during repayment phase.
