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Home Equity Loan

Borrow against your home equity for debt consolidation, home improvements or other major expenses.

Our home equity loans have a fixed interest rate for the life of the loan, so you’ll have predictable monthly payments for easier budgeting.

Apply now for a Commerce Home Equity Loan  Need more answers?

Home Equity Loan Fixed Rates

What is a home equity loan?

A home equity loan is tied to the equity you've built into your home through mortgage payments.

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Home Equity Loan terms

Take advantage of flexible terms – long, short or somewhere in the middle. Let’s find a financing plan that works for your unique needs.

Home Equity Loan Features

  • Enjoy a rate discount of 0.25% just for having your payment automatically deducted from your Commerce Bank checking or savings account.1

  • Receive an additional rate discount of 0.25% when $7,000 or more of the loan is used to pay off debt from another lender.1

  • Borrow up to 90% of your home’s available equity, with a minimum loan amount of $10,000.

  • No application fees, no bank fees at closing and no early payoff fees.

  • Interest may be tax deductible — check with your tax advisor.

Apply now
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  Get a home equity loan in 3 easy steps.

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Start by submitting your application in 20 minutes or less.

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Work with your home equity specialist to provide frequently required information and documentation.

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Set up closing after submitting the application and documentation to receive your funding.


Home Equity Loan Calculators

Home Equity Line of Credit

Tap into the equity in your home when you need to with a reusable line of credit.

Home Equity Loan FAQs

The amount you can borrow is largely determined by your available equity or loan-to-value. To find out how much equity you have available, use our calculator.
Home equity loans can range in term length. Have a conversation with your local banker to find a financing plan that works for your unique needs.
Home Equity Loan: A home equity loan is a lump sum of money that you borrow against the equity in your home. Equity is the difference between the market value of your home and what you owe on any loans secured by the home, such as a mortgage loan. You can obtain a home equity loan using your home equity as security, generally without paying bank fees at closing. You can use that money to cover a large expense like home improvement projects.

Mortgage Refinance: A mortgage refinance loan pays off the remaining balance of your existing home loan and replaces it with a new mortgage loan. This is different from a home equity loan because it replaces your existing mortgage with another mortgage instead of being an additional lien on your home. You may refinance your home to borrow additional money for expenses or to receive a lower interest rate. Unlike a home equity loan, there are generally bank fees associated with refinancing.

For more information consult our home equity specialists.
The length of time to process the application varies depending on your situation. Your Home Equity Specialist will walk you through the entire process and provide you with an approximate time to close and what you’ll need to apply  for a home equity loan.


1  Rate discount of 0.25% discount requires automatic loan payment from a Commerce Bank checking or saving account. Mortgages and dealer loans are not eligible to receive the discounts. Additional 0.25% rate discount when $7,000 or more of the loan is refinanced from another lender. Additional refinancing option is limited to one discount per loan and is not applicable to Commerce credit card or loan account payoffs. Subject to credit approval.

*  Rates are subject to change. These rates are available only for home equity loans. Your APR will be determined based on creditworthiness, customer relationship, loan-to-value ratio and loan term. Must be 18 years or older to apply.