Home Equity
Put your home's value to work
Use a home equity loan or line of credit for renovations, education, or to consolidate higher-rate debt.
Renovate
Finish the kitchen, add a porch, or replace the roof.
Draw as you need
A HELOC lets you borrow and repay during a 10-year draw period.
Fixed option
Prefer a set payment? Choose a fixed-rate home equity loan.
No closing costs
On lines up to $250,000 in our fictional program.
Rates as of September 28, 2026
Home equity rates
| Product | Term | Rate | APR | Notes |
|---|---|---|---|---|
| Home Equity Line of Credit | 10-year draw | 8.25% | 8.25% | Variable |
| Home Equity Loan | Up to 180 months | 7.49% | 7.62% | Fixed |
Rates shown are illustrative figures for a fictional bank and are not offers of credit or deposit products.
How it works
Three simple steps
- 01
Check your equity
Use our calculators to estimate what you can borrow.
- 02
Apply
Apply online from your dashboard.
- 03
Access funds
Draw from your line or receive loan funds in checking.
Questions
Frequently asked
Can't find your answer? Our Menard team is happy to help.
How much can I borrow?+
Up to 80% of your home's value, minus what you owe on your first mortgage.
Texas home equity rules+
A real Texas lender would provide the required Section 50(a)(6) disclosures here. This demo is not a lender.
Ready to bank with neighbors?
Open demo checking and savings in about five minutes. No real money required.