Home Equity

Put Your Home Equity to Work

Tap into the power of your home’s equity with our flexible financing solutions. Whether you’re planning a dream renovation, a family vacation, a major purchase, or investing in your child’s education, we have options to fit your needs.

We offer fixed-rate Home Equity Loans and flexible HELOCs to help you unlock your home’s potential and turn your goals into reality.

Home Equity products are currently available for properties in Minnesota, Wisconsin, and South Dakota.
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Overview

Home Equity Loans

Home Equity Loan

A fixed-rate loan provides you with all needed funds distributed up-front. Budgeting is easy as the monthly payment is consistent for the life of the loan. Interest paid may be tax deductible.**
5.49 - 7.24% APR*
Fixed rate for the duration of the loan
Loan funds distributed up-front
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Home Equity Line of Credit (HELOC)

A line of credit provides you with the flexibility to access funds whenever you need them. Rates are variable and monthly payments vary based on rate at the time and the amount of funds borrowed.
6.75% APR*
Flexible access to funds, distributed when you need them
Variable rates and monthly payments
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Call to Learn More

Contact a Novation Financial representative to learn more about our Home Equity solutions.

Call now: (800) 369-6628

Current Rates

Compare our current rates for Home Equity solutions.

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Loan and Mortgage Calculators

All calculators
*APR = Annual Percentage Rate. Rates listed are “as low as” and based upon credit history. Home Equity Line of Credit is a variable rate product but will not exceed 18% APR. A payment example on a 5 year term, $20,000 home equity fixed rate loan at 5.49% APR is $381.93 per month.

Rates effective December 11, 2025. Please note that our Home Equity Loan solutions (Fixed Rate and Line of Credit) are only available for properties in the following states: Minnesota, Wisconsin and South Dakota.

** Please consult with a tax accountant for applicability under current tax laws.