Home Equity Overview

A home equity loan can be a useful financial tool to help meet your goals, whether you’re launching a home improvement project or consolidating debt.

Use Equity For:

Home Improvements Major Purchases or Tuition Debt Consolidation


% APR*
Get Started

Ready to use the equity in your home?

Use our quick and easy online application portal to start your next home project.

* APR is Annual Percentage Rate based on excellent credit. Your actual rate may vary based on your factors. All loans subject to credit and property approval. Subject to change or cancellation without notice. Check with an Amplify Real Estate Loan Specialist to determine the rate for which you qualify. Consult the Texas Home Equity Early Disclosure for more information. Under Texas law, the combined loan-to-value (CLTV) cannot exceed 80% of your home’s value. Payment Example: a home equity loan of $50,000 for 15 years at an interest rate of 7.15% would equal a payment of $455 per month with an APR of 7.22%. Please refer to our calculator to estimate your actual payment. Taxes and insurance for escrow payment are not included; your actual payment obligation will be higher. Property insurance required. Amplify membership required. Rates effective as of 06/13/2024.

The home equity line of credit Annual Percentage Rate (APR) is variable and is based on the highest Prime Rate published each month-end in The Wall Street Journal Money Rates Table (the “Index”), +/- a margin based on credit worthiness. The current Index is 8.50%. Maximum APR is 17.90%. The maximum combined loan-to-value cannot exceed 80% of the Fair Market Value of your home. A minimum draw amount of $4,000 is required for each advance after the initial minimum $10,000 advance at the time of loan funding. HELOCs have a draw period of 10 years with interest only payments required. After 10 years, that draw period ends and the unpaid principal balance amortizes over a 10 year term. Interest on your HELOC may be tax-deductible- please consult your tax advisor regarding the deductibility of interest. Property Insurance, including flood insurance as needed, is required to be maintained. Loans subject to credit approval. All loan rates based on creditworthiness and may vary. Amplify Membership required. Consult the CFPB’s Home Equity Line of Credit booklet as well as the Early HELOC Disclosure for more information. Rates effective as of 04/22/2024.