What’s the difference between a home equity loan and HELOC?

A home equity loan lets you borrow up to 75% of your equity in a lump sum. A HELOC enables you to open a line of credit against the same amount, so you only pay interest on your use. Learn More

Is a HELOC or a new credit card better?

A credit card may have a higher interest rate than a HELOC, but you can avoid interest if you pay it off every month. However, a HELOC may be the better choice if you need to carry a varying balance. Learn More

Should I get a personal loan or a HELOC?

A personal loan may be right for you if you need to borrow a specific amount. A home equity line of credit is more useful when you are not sure how much you’ll need for a home renovation project. Learn More

How much credit can I get with a HELOC?

The dollar amount of your credit line will depend on the loan-to-value (LTV) ratio. LTV is determined by how much your home is valued compared to how much your loan is. Your maximum will be 75% of your equity.Learn More

What do I need to open a HELOC?

You will need your current mortgage statement plus your two most recent pay stubs to get started with your home equity line of credit application. From there, we will use various means to establish your creditworthiness and the maximum credit limit you can borrow.Apply Now

Home Equity Lines of Credit (HELOC)

Home equity lines of credit (HELOC)

When you need more access to credit but don't want another credit card, why not leverage your home equity? Drive the best value for your home with One Nevada's home equity line of credit.

Apply Now Find a Branch

Understanding home equity lines of credit

Leverage your home equity
Access credit as needed
Spend equity for anything

Benefits of Home Equity Lines of Credit

Find a Loan Officer

Home Equity Lines of Credit or HELOCs have many advantages. Borrow only what you need as you need it, and benefit from much lower interest rates than other types of loans such as credit cards. Interest on your HELOC may even be tax deductible. This flexible solution is a great way to use the equity you've built in your home to finance whatever you need.

Compare mortgage and home equity loans

Gain benefits across the board

Mortgage Rates

We offer you low-interest rates

Why pay high rates to a big financial institution when your credit union has the best deals without the fine print? Get great rates on:

Home equity lines of credit
New mortgage loans or refinances
Various vehicle and personal loans

Learn More

Mortgage Calculators

How much can you save?

Trying to decide between a home equity loan and a HELOC? Use our calculators to help you make the best decision for your finances and your future.

Learn More

27Sep

Free Community Shred Day in Las Vegas

All the HELOC information you need

Home Equity Lines of Credit FAQs

View All FAQs

Home Equity Loan rates and payments are determined by individual credit standing and appraisal value. Please call for complete details and the most current rates.
Consult your tax advisor regarding the deductibility of interest.
We do business per the Federal Fair Housing Law and Equal Credit Opportunity Act.
APR = Annual Percentage Rate and is listed "as low as." Mortgage rates excluded; call for APR. APRs can increase after the loan consummation if the loan terms allow an APR to increase.

Have More Questions?

Our experienced team members answer all your loan-related questions in our main FAQs.

View All FAQs Reach Us