Home Equity Line of Credit

You’ve Invested in Your Home. And Now it can Invest in You!

You’ve got a vault of money right in your own home! It’s the equity you’ve acquired over the years. OmniAmerican Bank is ready to help you convert the equity in your home into cash through an Omni Home Equity Line of Credit.

You can use an Omni Home Equity Line of Credit for just about any purpose you choose. Make home improvements, pay college tuition, cover medical expenses, finance a new vehicle, consolidate bills, even celebrate a wedding, and pay for it all with your Omni Home Equity Line of Credit.

Best of all, interest on your loan may be tax deductible*, earning you additional savings at tax time.

If you made a large down payment, have owned your home for more than five years, or if the homes around you are selling for more than you paid for your home, there’s a good chance you’ve built significant equity in your home.

Enjoy the flexibility your home equity line of credit gives you to borrow the amount you need when you need it. As you pay the amount back, the credit is available for you to use again and again, much like a credit card. Rather than applying for another loan each time you need to make a major purchase, you can simply access your available credit. It’s like having the combination to the safe! Anytime you want money, just go unlock it. Credit is your personal key to unlocking the vault of equity in your home.

Current Rates

*Consult your tax advisor regarding interest deductibility. You must maintain insurance on your home. Certain restrictions apply. All loans subject to credit approval. Minimum loan advance $4,000.00.