Home Equity

Let your home
work for you

Tap into the value of your home and use the funds however you see fit.

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Which loan is right for you?

Home Equity Line of Credit

Works like a credit card. Borrow what you need, when you need it.
  • Interests paid may be tax deductible1
  • Easy access via checks2
  • A competitive variable rate of interest
  • Your available credit increases as you repay the line of credit

Home Equity Loan

Get a one-time lump sum with a fixed-rate and consistent monthly payments.
  • Interest paid may be tax deductible1
  • Lower interest rates than other personal loans3
  • Automatic payments from an IBERIABANK checking account available


  • How does it work?

    Home Equity Line of Credit (HELOC)
    The Home Equity Line of credit is a revolving line of credit that has a 10 year draw period.  During that time you can borrower as much as you need whenever you need it as long as you don't exceed your credit limit. Your monthly payments during that period are interest only payments with an option to pay down the principle at your convenience.  As the line balance is repaid, that money becomes available to you over and over again.  At the end of your draw period, the line will automatically convert to principal and interest payments for a period of 120 months OR you have the option to reapply and reinstate the draw period.


    Home Equity Loan
    Once a Home Equity loan is funded, you receive all of the money. Make consistent payments for principal and interest at a fixed rate throughout the life of the loan.

  • How do I make payments?
    We offer several payment options.
  • What can I use it for?

    Use your line of credit to cover any expense from a family vacation to a car repair.

  • What is the interest rate?

    Home Equity Line of Credit (HELOC)
    The interest rate is typically lower because your home is the collateral.  We offer a competitive variable rate of interest—your payments may vary based on prevailing prime rates.


    Home Equity Loan
    The interest rate is typically lower than other personal loans. We offer fixed-rate payment - your rate will stay the same, no matter what market interest rates do.3

  • How do I know if I am eligible?

    We evaluate several criteria including home value and equity, credit history, income, employment and payment-to-income ratio.

Where will you bank?

Make it a Package Deal

Open a Freedom Checking Account.

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