As a special service to customers who have their home mortgage with Franklin Savings Bank, we've made it possible for you to borrow up to 100% of the available equity in your property (100% loan to value). If you do not have your mortgage with us you can borrow up to 80% of your available equity. This program is an easy way to lock in your future borrowing power - today.

With either plan, once you've been approved for a line of credit, you'll receive checks, giving you the ability to use the equity in your home for whatever you need, whenever you need it - without having to complete consumer loan application forms or waiting for approvals. The interest rate on the line of credit is generally lower than consumer loans and it may provide possible income tax advantages.

The minimum line of credit is $10,000.00 and the maximum depends on the amount of equity in your home and the plan you choose.

Please contact us for home equity specials.  We look forward to speaking with you!

• Meet Our Mortgage Lenders
• Complete a Home Equity Loan Request

If you prefer to know what your fixed payment will be for the life of the loan, our Fixed Rate Home Equity Loan is for you. This closed-end installment loan provides a one-time disbursement of the funds you need, when you need it, with no down payment required. Consult your tax advisor to see about benefits from a lower interest rate with possible tax deductions to:

• Purchase a car or boat
• Add to your home
• Remodel your kitchen or bath
• And more!

Using the equity in your home as collateral, you can borrow up to 80% of the equity available in your property (80% loan-to-value). For added value, there are no closing costs unless an appraisal is needed to determine the value of your home.

• Meet Our Mortgage Lenders
• Complete a Home Equity Loan Request