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Home Equity Loan

Home Equity Loans & Lines

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Home Equity Loans

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Take advantage of the equity you have in your home with a Home Equity Loan from Reliance State Bank. You can consolidate debt or pay for major expenses while also receiving potential tax advantages.

Benefits:

  • Interest may be tax deductible*
  • Up to 90% combined loan-to-value financing available (appraisal may be required)

*In many cases, interest paid on mortgage loans is tax deductible.  Consult your tax advisor regarding tax advantages.  
Property insurance is required on all mortgages.


Home Equity Line of Credit

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A home equity line of credit from Reliance State Bank is a revolving credit line with accessible funds available when you need them. Whether you want to tackle that home improvement project, finance a college education or simply consolidate your debt, a home equity line of credit can give you the flexibility you want. 

Benefits:

  • Funds available when you need them
  • Repayment calculated monthly based on outstanding balance
  • Up to 90% combined loan-to-value financing available (appraisal may be required)
  • Interest may be tax deductible*
  • Advance funds from your credit line to your checking account with Touch Tone Teller, Online Banking, or a call to your loan officer

*In many cases, interest paid on mortgage loans is tax deductible. Consult your tax advisor regarding tax advantages.  
Property insurance is required on all mortgages.


Contact one of our Consumer Lenders today! 
Story City Office NMLS ID#
Sheryl Phipps, Vice President: 515-733-4396 or email Sheryl.Phipps@RSBiowa.com 580497
Shannon Bryan, Vice President: 515-733-4396 or email Shannon.Bryan@RSBiowa.com 580310
Garner Office  NMLS ID#
Nathan B. Dykstra, Assistant Cashier & Loan Officer: 641-923-2801 or email Nathan.Dykstra@RSBiowa.com 1113589
Damon Quandt, Assistant Cashier & Loan Officer: 641-923-2801 or email Damon.Quandt@RSBiowa.com 1438196

Information on Mortgage Loan Originators.

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