Home Equity Solutions

Unlock your home's value for renovations, consolidation, or major purchases. Up to 90% of home's value.
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Finance Home Improvements Your Way

Whether you're buying a house with renovation potential or tapping into existing equity, 3Rivers offers home equity solutions designed around your goals. From complete remodels during purchase to flexible lines of credit, we're here to help.

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Purchase-Remodel Loans

  • Finance your home purchase and major renovations with a single loan and closing 
  • Borrow based on your home's value after renovations, not its current condition 
  • Projects managed through draw-based funding with licensed contractors required 
  • Lock your interest rate at closing—no need to refinance when projects finish 
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Home Equity Line of Credit (HELOC)

  • Borrow up to 90% of your home's value minus existing mortgage balance 
  • Flexible payment options with adjustable rate structure for budget planning 
  • Flexible terms available of 5 or 10 years based on your needs 
  • Primary residences and second or vacation homes qualify for financing 
  • Typically lower interest compared to credit cards for smarter debt management 
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Midwest vacation home.

Fixed Home Equity

  • Borrow up to 90% of your home's value minus existing mortgage balance
  • Fixed home equity terms of various lengths available
  • Primary residences and second or vacation homes qualify for financing
  • Ideal for consolidating higher interest rate debt
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Get Answers to Your Equity Questions

Common Questions About Home Equity Financing

Learn how home equity solutions work and discover which option best fits your renovation goals or funding priorities.
What's the difference between a HELOC and a fixed home equity loan?
A HELOC provides revolving credit you can access repeatedly during the draw period, paying interest only on amounts borrowed. A fixed home equity loan provides a one-time lump sum with fixed payments.
Can I use a Fixed Home Equity for debt consolidation?
Yes. Fixed home equity loans typically offer lower interest than credit cards or personal loans, making them effective for consolidating higher-rate debt into one manageable payment with potential savings.
Why does my Purchase-Remodel Loan require a licensed contractor?
Licensed contractors ensure quality workmanship, proper permits, and construction standards. This protects your investment and enables our draw-based funding process tied to project milestones.
How much home equity can I access with a 3Rivers HELOC?
You can typically borrow up to 90% of your home's appraised value minus your existing mortgage balance. Exact amounts depend on credit history, income verification, and property evaluation.
How can I use my Home Equity Line of Credit (HELOC)?
HELOCs offer flexible funding for home renovations, debt consolidation, education expenses, medical costs, wedding expenses, or emergency reserves. Access funds as needed during your draw period.
What types of projects qualify for Purchase-Remodel Loan financing?
Substantial improvements qualify, including kitchen and bathroom remodels, basement finishing, room additions, and structural modifications. Cosmetic updates qualify only within larger projects.
What's the difference between a Purchase-Remodel Loan and a HELOC?
A Purchase-Remodel Loan combines home purchase and renovation financing into one loan with one closing. A HELOC provides revolving credit access to existing home equity for various expenses over time.

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Related Home Financing Products & Resources

Complement your home equity solution with these mortgage products and resources to help you reach your housing goals.
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