Use Your Home’s Equity With More Confidence

Whether you’re planning home improvements, consolidating debt, covering a major expense, or exploring property-related financing, Somerset Trust can help you understand your options and move forward with local lending support.

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Find the Right Way to Borrow

Home equity and property-related loans can support different goals. Whether you know exactly what you need or want flexibility as expenses come up, Somerset Trust can help you compare options and choose what fits your plans.

Home Equity Loan

A home equity loan lets you borrow a lump sum using the equity you’ve built in your home. With a fixed interest rate and fixed monthly payment, it can be a helpful option when you know the cost of your project, purchase, or expense.

Best for

Customers with a planned expense who want funds up front and a predictable monthly payment.

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Home Equity Line of Credit (HELOC)

A home equity line of credit, or HELOC, gives you flexible access to funds as needs come up. You can draw from your available line of credit, repay what you use, and borrow again during the draw period, based on your loan terms.

Best for

Customers who want flexible access to funds for ongoing projects, multiple expenses, or future needs.

Manufactured & Mobile Home Loan

Manufactured and mobile home loans can help make homeownership possible for eligible properties. Somerset Trust can help you understand available financing options, property requirements, and what to expect before you apply.

Best for

Customers purchasing or refinancing an eligible manufactured or mobile home.

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Land Loans

A land loan can help you purchase vacant or undeveloped property before you’re ready to build. Whether you’ve found the right plot for a future home or need land for a manufactured home, our team can help you review your options.

Best for

Customers who want to purchase land for a future home, manufactured home, or long-term property plans.

How to Get Started

Borrowing against your home or property should feel clear from the beginning. Our local lending team can help you understand your options, review what may fit, and guide you through the next step.

Tell Us Your Goal

Contact us or submit an inquiry to share what you’re planning, how much you may need, and which loan option you’re considering.
Review Your Options

A Somerset Trust lender will be in touch to walk you through available loan choices, terms, requirements, and next steps.
Move Forward With Support

Once approved, we’ll help you complete the process and stay available for questions along the way.

Connect with a Lender

Whether you're ready to get started or simply have questions, our Consumer Real Estate Lenders are here to help. Connect with a lender for personalized guidance throughout the loan process.

Meet Our Lenders

Home Equity Loan FAQs

Home equity loans can bring up a lot of questions. These answers can help you understand the basics before you talk with a Somerset Trust lender.

What is home equity?

Home equity is the difference between what your home may be worth and what you still owe on it. A lender can help you understand how much equity may be available to borrow against.

What is the difference between a home equity loan and a HELOC?

A home equity loan provides funds in one lump sum at a fixed interest rate with fixed payments. A HELOC gives you flexible access to funds as needs come up, based on the terms of your line of credit. The interest rate on this product is variable.

What can I use a home equity loan for?

Home equity funds may be used for things like home improvements, debt consolidation, major purchases, or other planned expenses.

How do I know which option fits my needs?

Start with your goal, how much you may need, and whether you want funds all at once or flexible access over time. A Somerset Trust lender can help you compare options.