Access Your Equity
Your home is more than a place to live. It’s one of your biggest financial assets. Whether you’re planning renovations, consolidating debt, covering unexpected expenses, or funding life’s next chapter, WyHy offers flexible home equity solutions designed to help you move forward with confidence.
With competitive rates, flexible terms, and lending options available up to 100% loan-to-value for qualified borrowers, you can access the value you’ve built in your home and use it for what matters most.
.png)
Home Equity Loan
Predictable Payments. Fixed Rates. Flexible Uses.
A WyHy Home Equity Loan gives you access to a lump sum of cash using the equity in your home. With fixed rates and predictable monthly payments, it’s a great option for planned expenses and one-time purchases.
Whether you're updating your home, paying for education, or consolidating higher-interest debt, a Home Equity Loan can help you achieve your goals with confidence.
Home Equity Loan Features & Benefits
- Fixed interest rates
- Consistent monthly payments
- Lump sum disbursement at closing
- Flexible repayment terms from 5–20 years
- Loan-to-value up to 90% for qualified borrowers
- Potential appraisal waiver available
- No early payoff penalty
- Competitive rates based on creditworthiness and loan-to-value
- Convenient payment options including:
- Online Banking
- Auto deduction
- Payroll deduction
- In-person or mail payments
- eStatements available through WyHy Digital
Best For
- Home renovations
- Major life events
- Medical expenses
- Debt consolidation
- Education costs
Additional Information
- Closing costs and fees vary based on loan amount and loan-to-value
- Late fee is the greater of 5% of the payment or $25 after 10 days
- Interest accrues on a monthly 360-day schedule
Apply for a Home Equity Loan Today
HELOC (Home Equity Line of Credit)
Flexible Access to Funds When You Need Them
A WyHy HELOC gives you ongoing access to your home’s equity through a revolving line of credit. Instead of receiving one lump sum, you can borrow funds as needed during the draw period — making it ideal for ongoing projects, emergencies, or expenses that happen over time.
HELCO Features & Benefits
- Variable interest rate tied to the Prime Rate
- Borrow only what you need, when you need it
- 10-year draw period
- 20-year amortization
- Final 10 years are repayment only
- Payments apply to both principal and interest
- Payment amounts adjust after additional draws
- Lending available up to 95% loan-to-value as a guideline
- Some qualified borrowers may be eligible for higher LTV options
- Convenient access to funds for planned and unexpected expenses
Best For
- Ongoing remodeling projects
- Emergency expenses
- Tuition payments
- Debt consolidation
- Long-term projects completed in phases
Important Information
HELOCs feature a variable interest rate, meaning your rate and monthly payment may increase or decrease over time based on market conditions and changes to the Prime Rate.
Apply for a WyHy HELOC Today
20 Year Home Loan
Refinance and Access Your Equity
A 20 Year Home Loan allows you to refinance your current mortgage while accessing your available equity, all with one fixed rate and one convenient monthly payment.
This option may be ideal for homeowners looking to simplify finances, consolidate debt, or secure long-term payment stability.
20 Year Home Loan Features & Benefits
- 15–20 year term options
- Fixed interest rate
- One monthly payment
- No private mortgage insurance (PMI)
- Loan-to-value up to 90% with appraisal
- Loan-to-value up to 80% with potential appraisal waiver
- Option to finance closing costs
- Competitive interest rates
- Local servicing maintained through WyHy
- Convenient online payments through WyHy Digital
Best For
- Refinancing your mortgage
- Debt consolidation
- Large home improvement projects
- Long-term financial planning
Apply for a 20 Year Home Loan Today
Ready to Put Your Equity to Work?
Whether you're planning home improvements, consolidating debt, covering unexpected expenses, or simply exploring your options, WyHy is here to help you make the most of your home’s value. Our local lending experts can help you find the home equity solution that fits your goals and budget.
Explore Your Home Equity Options
Talk to a Home Equity Expert
Estimate Your Payments
Apply For Your Loan Today!
Ready to Get Started?
You’ve worked hard to build equity in your home, now let it work for you. Whether you need predictable payments, flexible borrowing options, or a way to refinance and access cash, WyHy has a home equity solution designed to fit your goals.
Explore Your Options Today
FAQs
What is home equity?
Home equity is the difference between your home’s current market value and the amount you still owe on your mortgage. As your home value increases or your mortgage balance decreases, your equity grows.
What’s the difference between a Home Equity Loan and a HELOC?
Home Equity Loan: A Home Equity Loan provides a one-time lump sum with a fixed interest rate and predictable monthly payments.
HELOC (Home Equity Line of Credit): A HELOC is a revolving line of credit that allows you to borrow funds as needed during the draw period. HELOCs typically have a variable interest rate.
Want to Know More?
Is a HELOC a variable-rate loan?
Yes. WyHy HELOCs have a variable interest rate tied to the Prime Rate, meaning your rate and monthly payment may increase or decrease over time based on market conditions.
What can I use a Home Equity Loan or HELOC for?
Many homeowners use home equity funds for:
- Home improvements and renovations
- Debt consolidation
- Emergency expenses
- Education costs
- Medical bills
- Major purchases
- Wedding expenses
- Investment opportunities
How much can I borrow?
The amount you may qualify for depends on several factors, including:
- Your available home equity
- Credit history
- Income
- Property value
- Loan-to-value ratio (LTV)
Qualified borrowers may be eligible for lending up to 95% loan-to-value guidelines, with some higher LTV options potentially available.
What is the draw period on a HELOC?
WyHy HELOCs feature:
- A 10-year draw period
- A 20-year amortization schedule
- A final 10-year repayment period
During the draw period, you can borrow funds as needed up to your approved limit.
Will my HELOC payment change over time?
Yes. Because HELOCs have a variable interest rate and allow additional draws, payment amounts may change over time.
Payments are recalculated after additional advances to ensure the balance is repaid within the original loan term.
Are there closing costs?
Some home equity products may include closing costs, appraisal fees, or document preparation fees depending on the loan type, loan amount, and loan-to-value ratio.
Your WyHy lending expert can walk you through estimated costs before closing.
Are there prepayment penalties?
No. WyHy Home Equity Loans do not include an early payoff penalty, allowing you to pay off your loan early if you choose.
Can I apply if my property is outside Wyoming?
Home Equity Loans and HELOCs are limited to qualifying properties located in the State of Wyoming.
How do I get started?
Getting started is easy. Apply online, contact a WyHy lending expert, or stop by a branch to discuss your home equity options and find the solution that works best for you.
01 /
Must own property in the State of Wyoming to apply and be eligible for a WyHy HELOC.
*Rates are subject to change. Rates and maximum loan terms are dependent on credit qualifications and loan-to-value (LTV) percentage. Rates listed are the lowest available. Our HELOC uses Prime as the index. 20 year and fixed second use APOR as their index. The Margin will be based on the borrower’s credit score and the LTV. Home Equity or real estate secured loans are limited to properties located in the State of Wyoming. Your actual rate is based on previous credit performance. Lowest rate shown is for well-qualified borrowers. The Floor Rate (or minimum rate) will be 9.000% and the maximum rate will be 18%. Changes to the interest rate will be effective monthly on the 1st day of the month. The Loan-to-Value (LTV) is based on market region. This HELOC program will have a Draw Period of 10 years with the following Repayment Terms: Loan is amortized for 240 months/20 years with the final 10 years strictly repayment of the loan balance. A Repayment Period of 10 years for an Amortization of 20 years. The Draw Period is the time in which the borrower can take advances on their Line of Credit. During the Repayment Period the borrower cannot take advances on their Line of Credit. The minimum monthly payment will be established at the time of each advance (other than credit insurance premiums) to the amount necessary to fully amortize the account balance no later than the agreement maturity date. A late fee will be assessed if the payment if more than 10 days late. The late fee will be the greater of 5% of the payment or $25.