Home Equity Installment Loans
Home Equity Installment Loans
Use the value in your home to build your dreams with a home equity installment loan!
With a fixed-rate home equity installment loan, your funds are dispersed in a lump-sum with predictable payments—perfect for major projects, debt consolidation, and other one-time expenses.
Everything You Need from a Trusted Local Lender
Great Rates
Because the funds are secured by your home, rates are often lower than other types of borrowing like credit cards and personal loans.
No Closing Costs. No Fees. No Hassle.
Save upfront and over time. Depending on your county, you could qualify for no closing costs—and you’ll never pay application or annual fees with Sandia Area.
Serving Homeowners Across New Mexico
Sandia Area offers home equity loans and lines of credit on properties in Bernalillo, Sandoval, Santa Fe, Valencia, Torrance, Cibola, Doña Ana, Rio Arriba, Mora, San Miguel, and Los Alamos counties.
Use Funds for Anything
Use your home equity to build anything—a deck, a kitchen, your credit, or even a future.
| Term in Months | APR1 as low as |
|---|---|
| 120 | 6.50% |
| 180 | 6.75% |
| Federally insured by NCUA. An Equal Opportunity Lender. A manufactured home cannot be used as collateral for a home equity loan or line of credit. 1. APR=Annual Percentage Rate. Rate effective 09/17/2025, and subject to change without notice. New Sandia Area loans only. Subject to credit approval. Rates are based on an evaluation of credit history and lien position. “As low as” rate assumes excellent credit history and first lien position. Your rate may differ. 2. Closing costs associated with this product are waived for loan amounts up to $150,000 in the counties of Bernalillo, Sandoval, Santa Fe, Valencia, Torrance, Cibola, Dona Ana, Rio Arriba, Mora, San Miguel and Los Alamos on residences with clean title history. Loans over $150,000 are subject to property appraisal, flood certification, recording fees and title insurance, which generally range from $1,467 to $1,600. Borrower is responsible for homeowners’ insurance and, if required, flood insurance. | |
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