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Home Equity Loans

February 8, 2023

Home Equity Loan

A Home Equity Loan from The Bank of Elk River is the perfect way for you to get ahead. Whether you want to make home improvements, take vacation, buy a car, pay for college tuition, make an investment or consolidate your debt, The Bank of Elk River can help.

We provide Home Equity Loans secured by a mortgage on your home.

To apply for a Home Equity Loan, fill out this Home Equity Loan Application.

Home Equity Line of Credit

With The Bank of Elk River's Home Equity Line of Credit, you can take advantage of your home's appreciation in value. We will provide you with checks to use for accessing funds whenever you wish, for whatever you want! They could be used for anything you need including vacations, buying a car, college tuition, investments, home improvements or consolidation of debt.

A Home Equity Line of Credit is a form of revolving credit. As the balance is paid down on the line of credit, you may re-borrow up to your credit limit until the maturity of the loan. You can either make the low monthly interest payments, pay off a portion, or the whole balance at any time.

If you're building or buying a new home, we can help with that too!

Main Street Office:

Beth Keller: 763.241.8559
NMLS #539118

School Street Office:

Shawn Butler: 763.241.8556
NMLS #932424

Otsego Office:

Tricia Schultz-Haemig |763.241.8590
NMLS #923849

Zimmerman Office:

Sandra Bouten | 763.274.6851
NMLS #1186307