Home Equity

Your home's equity could hold the key to your big plans

Renovating your home? Celebrating a wedding or other special event? Consolidating debt with a lower interest rate. The reasons you might need a home equity line of credit are numerous, but there's only one place you need to look - Cashmere Valley Bank. We'll help you tap into your home equity so you can take on your projects with financing that's typically more affordable than a credit card.

We pay all closing fees and costs
Flexible interest-only payments
$30 annual fee
Request credit line cash advances online or in person
Home cannot be listed for sale

View a list of our current Mortgage Loan Originators and their Nationwide Mortgage Licensing System (NMLS) identification numbers.

FAQs

What do I need to provide in order to apply?

We require at a minimum your application, although we may request additional income verification depending on your source of repayment.

How big of a Home Equity Line of Credit am I eligible for?

Credit limits will be determined during the Lender’s underwriting process but will be limited to $250,000.00.

How long does the loan process take from beginning to end?

Typically 4-6 weeks.

Can I get a Home Equity Line of Credit if my first mortgage is with a different bank?

Yes you can!

What will the payments look like on this line?

Payments are interest only and determined based on your average collected balance.

Is this a term loan or line of credit?

This is a line of credit, Cashmere Valley Bank does not offer a Home Equity Term Loan outside of a Conventional Mortgage product.

What properties are eligible for this product?

Properties eligible are first and second homes. We will provide lines of credit for a variety of different products, even Manufactured Homes that fit certain criteria. Contact your Lender for additional details.

Are there any fees I can expect to pay to obtain this line, or are there any fees to close it later?

There are no fees up front. There is a $30.00 annual fee and an early closure fee of $700 if you close the line of credit within 3 years of account opening. Cashmere Valley Bank is also charged a reconveyance fee to release our recorded interest in the property when the line is closed, and this fee is the responsibility of the customer. The fee is currently $370.50 and is subject to change.

Cashmere Valley Bank is a full-service financial institution with convenient locations throughout Central Washington.