Fixed Rate Home Equity Loan
Borrow against the equity you have built, at a rate that stays the same for the whole term. One amount, one payment, one end date.
Rates change. See Current Rates for today’s figures.
What a Fixed Rate Home Equity Loan Is
You borrow a set amount against the value of your home, above what you still owe on the mortgage, and repay it over a fixed term at a fixed rate. The payment does not move. It suits a project with a known cost, or consolidating debt you want gone by a certain date.
Current Rates
Smart HELOC
As low as
6.25%APR²
Fixed Rate Home Equity
As low as
5.74%APR²
HELOC
As low as
6.50%APR²
Land Loans
As low as
7.00%APR²
APR = Annual Percentage Rate. Rates effective October 5, 2026 and subject to change without notice. Your APR may differ based on credit history, term, and loan to value. Not all applicants will qualify for the lowest rate. Equal Housing Lender. NMLS #404962.
Apply for a Home Equity LoanView all home equity rates and terms
| Loan Type | Rate As Low As | APR | Maximum Term (Months) |
|---|---|---|---|
| Fixed Rate Home Equity | 5.74% | 5.740% | 60 |
| Fixed Rate Home Equity | 5.99% | 5.99% | 84 |
| Fixed Rate Home Equity | 6.25% | 6.25% | 120 |
| Fixed Rate Home Equity | 6.75% | 6.75% | 180 |
| Fixed Rate Home Equity | 6.99% | 6.99% | 240 |
| Smart HELOC (12-month introductory rate) | 6.25% | 6.25% | 10-year draw |
| HELOC | 6.50% | 6.50% | 10-year draw |
| Land Loans | 7.00% to 9.00% | 7.258% to 9.091% | 60 to 240 |
What You Should Know
Rate Stays Fixed
The rate is set at closing and does not change for the life of the loan.
One Lump Sum
You receive the full amount at closing rather than drawing on it over time.
Predictable Payment
Same amount every month, so it plans easily around the rest of your budget.
Secured by Your Home
Your home is the collateral, which is why the rate is usually lower than an unsecured loan.
Known End Date
Fixed term means you know exactly when it is paid off.
What to Have Ready
A Waypoint lender will look at how much your home is worth, how much you still owe, your income, and your credit. Bring a recent mortgage statement and we can start there.
- A recent mortgage statement
- Proof of income
- An idea of what the home is worth
Good to Know
A lump sum, not a line
You get the whole amount at once, at a rate that does not change.
Talk it through with someone who lends here.
Local decisions. No obligation.
A short conversation before you apply tells you what you can realistically borrow and what it will cost. Book a time at any Waypoint branch, or start online and we will pick it up from there.
Important Disclosures
Equal Housing Lender. NMLS #404962.
APR = Annual Percentage Rate. Rates are accurate as of 16 September 2026 and are subject to change without notice. Your APR may differ based on credit history, credit worthiness, collateral year, term of loan, loan to value, and fees that may constitute finance charges. Not all applicants will qualify for the lowest rate. Your actual APR will be included in the initial Truth in Lending disclosure.
Land loan rates range from 7.00% to 9.00%, with an APR of 7.258% to 9.091%, over terms of 60 to 240 months.