Now through May 31, 2024, save up to $600* on closing costs for a new HELOC when you draw an initial advance of $5000 or more.

*"No closing costs” offer is limited to $600. HELOC closing costs can vary with each loan. This offer is available for applications completed by May 31, 2024.

HELOC & Home Equity Loan Features

Finance up to 90% of your home’s value
Low closing costs and processing fees
Competitive terms
Locally serviced
Quick and easy application process

What is Home Equity?

Your home equity is the amount of your home that’s yours. The equity you’ve accumulated in your home can be a source of financing for the big or little things you need.
icon of home made out of one hundred dollar bills
Person Calculating Loan
8.000% APR*
80% LTV
Graphic icon of home equity line of credit: house icon and money symbol with arrows pointing to each icon in a circular motion

Home Equity Line of Credit

*Pay no closing costs when you draw an initial advance of $10,000 or more with a new Home Equity Line of Credit.

*The maximum loan amount for this offer is $100,000

A Home Equity Line of Credit (HELOC) allows you to establish a line of credit using the available equity in your home. You may draw on this line of credit as you like, with repayment based only on the outstanding balance and not the entire line of credit. The interest rate is variable and is based on the prevailing Prime Rate.

HELOCs can also be useful to secure cash in the event of an emergency.
When you secure a HELOC with Directions, you don’t have an annual fee. You’ll get low closing costs, competitive rates and terms.

Plans for home renovation
9.978% APR*
80% LTV
Graphic icon of house and money sign on a balance type beam representing home equity loan

Home Equity Loans

Home equity loans, sometimes referred to as a “second mortgage,” are quite useful for financing a large, one-time purchase, or as a method of debt consolidation. Home equity loans from Directions are fixed interest rate products, which means you pay the same interest rate on your first payment as you do on your last payment.