Unlock the Power of Your Home’s Equity
No closing costs1 and no annual fee.
Tap into your home’s equity with a Home Equity Loan or Line of Credit. Consolidate debt, fund renovations, or cover life’s big expenses — on your terms. Enjoy competitive rates and hassle-free access to the funds you need — all with the trusted service you deserve.
Enjoy a low intro rate
for six months2 on a HELOC
After 6 Months for $50,000+
A home equity line of credit or loan from The Summit puts your home’s equity to work for you.
Make home improvements
Take your dream vacation
Refinance high interest loans
Consolidate debit
Pay for college or a major purchase
Cover unplanned expenses
Leverage your home’s value with a fixed-rate loan — a secure financial cushion for life’s unexpected moments.
Special rate for a 5-year home equity loan!3
THE SUMMIT IS AN EQUAL HOUSING LENDER. Membership eligibility required. Subject to change without notice. All loans are subject to credit approval. Must be 18 years of age or older to apply. The Summit’s loan programs, rates, terms, and conditions are subject to change without notice. View our current Home Equity Rate Sheet for a full list of rates.
- Closing costs (when applicable) include a title search, mortgage tax, filing fees, flood certification fee, and title insurance and are estimated to range from $495 to $1,500 (usually 3.0% to 5.0% of the amount borrowed). Property insurance required. If you opt not to pay the closing costs associated with your home equity line of credit (HELOC), you must reimburse us for all costs we paid to third parties to open your HELOC unless you keep account open for at least 3 years from the HELOC open date.
- As of 3/1/25, the as low as APR was 7.25% available for line limits over $50,000, 7.50% for line limits between $15,000 and $50,000, and 7.75% for line limits of $15,000 or less. The introductory APR during the first 6 months after the open date is not based on the index and margin used to make later adjustments. After the introductory rate expires, account subject to a variable rate based on the highest Prime Rate as published in the Wall Street Journal’s Money Rates Section. As of 3/1/25, fully-indexed APR was 7.25%, based on a Prime Rate of 7.50% minus 0.25% on line limits over $50,000. Thereafter, variable rate subject to change based on the highest Prime Rate and a margin of minus 0.25% to plus 0.25% depending on line limit. Maximum 18% APR. Loans subject to credit approval. Certain limitations may apply.
- Rate shown in effect 3/1/25 through 5/31/25. Home Equity Fixed Loan (HELOAN) is a Fixed Personal Loan with a term of 5 years at 6.00% Annual Percentage Rate (APR) when the member pays closing costs. For example: a HELOAN of $10,000 for 5 years at 6.00% APR will have a monthly payment of $193.33. Loans subject to credit approval. Certain limitations may apply. If you opt not to pay the closing costs associated with your HELOAN, you must reimburse us for all costs we paid to third parties to open your HELOAN unless you keep account open for at least 3 years from the HELOAN open date.
*APR = Annual Percentage Rate is applicable only to home equity loans meeting certain requirements. The APR may not exceed 18.00%.