Home Equity

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Put past mortgage payments to work for you. A home equity loan or line of credit offers competitive rates to cover the cost of home improvements, consolidate debt, pay for college tuition, and more.

Work with a local lender to customize a loan or line of credit that meets your needs. Because we’re based right here in central Minnesota, you know you’ll get great service from someone who knows exactly where you’re coming from. 

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Home Equity Loan
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more!
  • The existing equity in your home is used as collateral backing
  • A wide range of terms customized to your unique situation
  • The interest paid might be tax deductible*
  • Local decision-making and processing
  • Attentive, friendly service from start to finish
*Consult a tax advisor.
Home Equity Line of Credit
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And more!
  • The existing equity in your home is used as collateral backing
  • A wide range of terms customized to your unique situation
  • Funds available anytime without reapplying for each need; apply once, then use repeatedly thereafter until it’s time to renew the credit line
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via cashier's check or transfers to a specified Neighborhood National Bank checking account
  • The interest paid might be tax deductible*
  • Local decision-making and processing
  • Attentive, friendly service from start to finish
*Consult a tax advisor.