Information and Alerts

Home Equity Loans

More loan options from us, more flexibility for you

Utilize Your Home Equity

Want to centralize your debt? Or is your kitchen in need of an overhaul? How many shingles are missing from your roof or have you had any other unexpected life event? Let the equity in your home work for you with one of our home equity products from Deseret First. As a result, you can remodel, pay off debts, or build a deck!

couple remodeling their home, measuring a wall


A Home Equity Line of Credit (HELOC) is a revolving line of credit with a 20-year term that includes a 10-year draw period and a 10-year repayment period. You can draw on the available balance during the draw period as needed, and if there is a balance when the draw period ends, it enters into 10 years of repayment.

couple visiting with a mortgage officer, going over paperwork

Second Mortgage

A Second Mortgage is a traditional installment loan with a fixed interest rate. With this option, you get the loan proceeds in one lump sum upfront. Deseret First offers a variety of loan terms, so you’re sure to find one to fit your budget.

large home with beautiful landscaping

Reverse Mortgage

Use the equity you’ve already put into your home and get some value out of it! For example, you can use a reverse mortgage to pay off other debts, such as credit cards, car loans and medical bills. Worry less about bills and paying back loans and enjoy more time with your family when you get a reverse mortgage. If you are on a fixed income and need extra monthly help, a reverse mortgage could be right for you.

Options for Seniors

Do more with your home investment!