Fund almost any personal need using the equity you’ve built within your home as collateral to secure an affordable rate!

The house you’ve called home all of these years could be doing so much more for you — like paying for your child’s college or getting you out of debt. A home equity loan from 5Star Bank lets you secure funding for all kinds of needs. And we’re not just your lenders — we’re your neighbors who will work to get you the best rate possible!

Summary
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
    • The existing equity in your home is used as collateral backing
  • The interest paid might be tax deductible*
  • Local decision-making and processing in the Pikes Peak region
  • Helpful, customized service throughout the entire process
Home Equity Line of Credit (HELOC)

If you need financing for ongoing needs, a line of credit is the way to go. Unlike a loan, there’s no need to reapply to reuse — as the principal line of credit is repaid, more becomes available for use. So you can build that new addition to your home or take that family trip without breaking your budget. 

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via in-person, online, email, or phone transfer requests
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing in the Pikes Peak region
  • Helpful, customized service throughout the entire process

*Consult a tax advisor.