Home Equity Loans
Lubbock National Bank offers both types of Home Equity Loans either as a Home Equity Term loan or Home Equity Line of Credit.
Home Equity Loan
Similar to a Home Equity Line of Credit, a Home Equity Loan lets you borrow against the equity you've built up in your home. Whether it's paying off debt, paying for college or getting a new car, this secure, fixed-rate loan is a great way to go if you know the exact amount of funds you need.
Benefits include:
- Minimum loan amount: $20,000.00
- Competitive interest rates and terms
- Structured monthly payments to meet your needs
- Easy to pay: can be automatically deducted from your LNB bank account
- Interest may be tax-deductible
Qualifying properties:
- Owner-occupied homestead property only
- Single-family residence
- Town home
- Condominium
- Permanently-affixed manufactured housing
Note: Total debt secured by the home cannot exceed 80% of the fair market value.
| Equal Housing Lender 