Home Equity Loans and Lines of Credit

Handling life's larger expenses

People often use home equity funds for remodeling, renovations or home repairs. Truth be known, they can be used for almost anything. From car purchases to unexpected expenses to family vacations, a Home Equity Loan or Line of Credit from Nova Bank of Huntsville, Alabama, is an affordable way to make good things happen.
gazebo at Big Spring Park

Home Equity Loan

  • Receive funds in one lump sum payment
  • Competitive, fixed rates
  • Customizable repayment plans up to 20 years
  • Loan amount dependent on your available home equity (Equity is the current market value less any outstanding mortgage balance)
  • Streamlined application process with quick decision-making

Home Equity Line of Credit

  • Gain access to a pool of money you can tap into at any time for any reason
  • Flexible way to cover unexpected expenses
  • Easy access to funds
  • Credit limit dependent on your available home equity (Equity is the current market value less any outstanding mortgage balance)
  • Interest-only payments during a 10 year term
  • Streamlined application process with quick decision-making