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Home Equity Loans

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Home Equity Loans

Make the equity in your home work for you with an American 1 Home Equity Loan. Home equity loans and lines of credit can give you access to money for home improvements, college tuition, vacations, emergencies, or even debt consolidation.+

Through May 31, each new home equity loan, line of credit, or personal loan opened for home improvement purposes will earn a chance to win one of ten $500 Home Depot gift cards!***

In addition to providing you with a significant resource of funds and competitive rates, an American 1 home equity loan offers other advantages over competing lenders, including:

Fewer Fees

  • No application fees
  • No title placement/lien placement fee
  • No credit report fee
  • No closing fees*
  • No document prep fee

Deductible Interest

A home equity loan is secured by your home so the interest you pay may be fully deductible for federal tax purposes.


You can choose between an easy-access line of credit or a simple closed-end loan.


The line of credit is as easy as using a debit card or writing a check. You can request an advance in person, by phone, or online.

Ready to Get Started?

Home Equity Application

Click here for a home equity loan checklist. American 1 does not finance mortgages.

***Earn a chance to win a $500 Home Depot gift card when you close a new home equity loan, open a new home equity line of credit, or a new signature loan coded for home improvement purposes. 3/1/2024 - 5/31/2024. Ten drawings will be made, and the prize will be awarded within 30 days of the promotion end date. All state and federal tax rules apply.  All loans are subject to approval and underwriting requirements. Employees, Board Members, and their immediate family are not eligible. Members must be in good standing at time of drawing – not delinquent on any loan or have negative share balances. At time of drawing and throughout prize payout period, all member accounts and loans must remain in good standing, or remaining prize payments will be forfeited. 

NMLS 410447. For further information on NMLS registration, click here.**

Home Equity Disclosure

+All loans are subject to approval
**Appraisal or title search may be required

Tax laws are subject to change and individual tax situations vary

Equal Housing Opportunity