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Home Equity Loan Cost Savings:

  • No Closing Cost¹
  • No Points
  • No Application Fees¹
  • No Origination Fees¹
  • No Appraisal Fees¹

Current Promotional Rate: 15-Year Fixed Rate as low as 3.125

  • Receive funds in a lump sum
  • Ideal for large purchases, home renovations, debt consolidation and much more
  • Easy to budget with fixed interest rates and monthly payment from terms up to 30 years
Be prepare to complete your application online with our Home Equity Checklist.

Refinance Your First Mortgage with a Home Equity Loan

Our home equity loan offers a simple, affordable way to refinance your home. You can own your home in half the time of a traditional 30 year mortgage with our current 15-year promotion. Longer terms are available.

Check Current Rates & Terms Apply Now

If you are looking for more flexibility, learn about our Home Equity Line of Credit.

Learn more about our HELOC promotion

If you're looking for a Purchase Mortgage Loan, we refer our customers to Guaranteed Rate. Click here for more information and to get started today.

Click here for information regarding Secure and Fair Enforcement Licensing Act of 2008 (S.A.F.E. Act) and for a list of registered mortgage loan originators employed at West Suburban Bank.

Disclosure:

* 2.99% Fixed Annual Percentage Rate (APR) accurate as of August 2, 2021, and is available for 10 year term on a first lien Home Equity Installment Loan, for loans $100,000 up to $500,000. 3.125% APR is available for 15 year term on a first lien Home Equity Installment Loan, for loans $100,000 up to $500,000. This offer is primarily available to new WSB Real Estate Loan Customers. However, existing WSB Real Estate Loan Customers may be eligible to refinance their current WSB Real Estate Loan or line if they meet all requirements and, after paying off the existing WSB Real Estate Loan or line balance, increase the loan amount by an additional $50,000. Loan-to-value not to exceed 80% secured by owner occupied 1-4 unit residential property. For loans greater than $500,000, loan-to-value not to exceed 80% secured by owner occupied 1-4 unit residential property. All loans are subject to credit approval. Property and flood insurance (if applicable) is required. A 10-year fixed rate loan of $100,000 at advertised rate would require 120 monthly payments of $966.44. A 15-year fixed rate loan of $100,000 at advertised rate would require 180 monthly payments of $697.62. Payment example does not include amounts for taxes and insurance premiums. West Suburban Bank pays all closing cost. This promotion is available for a limited time and West Suburban Bank may withdraw this offer at any time.

¹ WSB pays all closing costs. If your Home Equity Installment Loan is fully repaid sooner than 35 months after disbursement date, you will be responsible to repay us for all bona fide third-party charges that we waived at or before consummation. These charges typically total approximately $370-$579, but may be higher in certain circumstances. You will receive an itemized list of actual charges at closing.

This promotion is available for a limited time and West Suburban Bank may withdraw this offer at any time.

± Consult your tax advisor for deductibility of interest.

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