Overdraft Protection

If you’ve ever bounced a check and were worried about it being returned, Homestead offers a product that can help protect you from this embarrassment. Our Overdraft Protection line of credit ties to your checking account and will advance funds to cover any mistake you may have made.

Benefits Include

  • Helps you save money by only paying interest on the balance owed
  • Avoids those pesky overdraft fees
  • Gives you peace of mind knowing you’re covered in case of an error

Features

  • Limits as low as $500
  • Fixed interest rate
  • Minimum payment of 5% of the balance or $50, whichever is greater

Consumer Loans

In the market to purchase a car, truck, boat, recreational vehicle, etc…? Simply looking for a lower interest rate? Trying to get the payment lowered on a loan you’re already paying on? Homestead offers competitive rates and terms for several types of consumer purchases.

Benefits Include

  • Help save money through a lower interest rate
  • Reduce your monthly payment to better fit your budget

Features

  • Lend up to 90% of the collateral value
  • Terms up to 84 months in certain cases
  • Rates and terms based on credit score

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a revolving line of credit similar to a credit card. This account is secured by the available equity you have in your home. You can use these funds for any purpose such as:

Benefits Include

  • Consolidating higher rate credit cards
  • Finishing those home improvement projects
  • Helping finance your children’s education costs
  • Taking that much-needed vacation

Features

  • Borrow up to 90% of the equity in your primary residence
  • Credit line is available to access for 10 years
  • Monthly payments can be as low as interest-only
  • Variable rate of interest tied to Prime Rate

Home Equity Loans

If a fixed rate option is more appealing you can still access the equity in your home through a Home Equity Loan.

Benefits Include

  • Monthly interest rate and payment are fixed for the repayment term of the loan – up to seven years
  • Payments can be amortized up to 15 years, helping keep payments low
  • Borrow up to 90% of the equity in your primary residence