A Home Equity Loan is a single, lump-sum payment secured by the equity in your home. It has a fixed interest rate set for the life of the loan. You begin paying back the principal and interest immediately with fixed, equal monthly payments. This gives you a predictable repayment schedule for the life of the loan, up to 20 years.

To qualify, you’ll generally need a FICO® score of 660 or higher and no history of bankruptcy. We also consider factors like:

• The amount of equity in your home
• Employment history
• Monthly income and current debt

Take control of your credit with MyCredit Manager—available for free through bankcda’s Mobile App and Online Banking. Powered by Array, MyCredit Manager lets you monitor your credit score and understand the factors that influence it. (Please note: this score is for educational purposes only and is not used by bankcda when making credit decisions.)

• Fixed interest rate
• Predictable monthly payments
• Access to a large lump sum of cash

Start the process today with a team that knows you by name. Applying for a HELOC with bankcda is fast, secure, and supported by local experts every step of the way.

Explore our Frequently Asked Questions to learn more about bankcda’s HELOC options, application process, and how we can help you access your home’s equity.