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Elevate Your Projects with Home Equity
Use your home’s equity to finance projects like a new roof, kitchen remodel, or backyard pool.
*Estimated Maximum payment example: At the maximum loan amount of $100,000 at the introductory four-month APR of 5.99% and then moving to the highest APR of 9.00% with interest-only payments during the term of the loan, a $100,000 ten-year line of credit drawn from the beginning of the loan through the entirety of the loan, results in a payment of approximately $492.33 per month for the first four months, increasing to approximately $740 per month after month four, followed by an estimated $100,740 balloon payment after ten years.
You won't have to apply for another loan each time you need money—just access your HELOC. As you repay your outstanding balance, you will receive back that amount of available credit. It works similar to a credit card, but with lower rates.
Depending on your equity and lien position.
Your revolving credit can be used over and over again during this time.
| Home Equity Line of Credit (HELOC) | Home Equity Loan | |
|---|---|---|
| Type of Loan | Revolving credit line | Lump Sum Loan |
| Interest Rate | Variable interest rate | Fixed interest rate |
| Repayment | Variable payments based on usage | Fixed monthly payments |
| Access to Funds | Withdraw as needed | One time lump sum |
| Best For | Ongoing or unpredictable expenses | Large, one-time expenses |
| Apply Now | Learn More |
| Type of Loan | Revolving credit line |
|---|---|
| Interest Rate | Variable interest rate |
| Repayment | Variable payments based on usage |
| Access to Funds | Withdraw as needed |
| Best For | Ongoing or unpredictable expenses |
| Apply Now |
| Type of Loan | Lump Sum Loan |
|---|---|
| Interest Rate | Fixed interest rate |
| Repayment | Fixed monthly payments |
| Access to Funds | One time lump sum |
| Best For | Large, one-time expenses |
| Learn More |
Loans up to $250,000:
Apply online or at a Midland branch
Loans $250,000 – $500,000:
Apply at a Midland branch
Easily apply online for amounts up to $250,000. For amounts $250,000 – $500,000, apply at a Midland branch. We will review your application and provide a decision.
Equal Housing Lender. Member FDIC. *5.99% APR Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit with an 85% or less loan-to-value (LTV). The introductory interest rate will be fixed at 5.99% APR during the four-month introductory period. Offer is available for new applications submitted starting October 30, 2025. Offer may end without notice. After the four-month introductory period: the APR is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. As of October 30, 2025, the variable rate for home equity lines of credit is 7.00% APR (For FICO Scores of 740 or higher and LTV less than 71%), 7.25% APR (For FICO Scores of 740 or higher and LTV between 71% and 80.9%), 7.75% APR (For FICO Scores of 740 or higher and LTV between 81% and 85%), 7.25% APR (For FICO Scores of 700-739 and LTV less than 71%), 7.50% APR (For FICO Scores of 700-739 and LTV between 71% and 80.9%), 8.00% APR (For FICO Scores of 700-739 and LTV between 81% and 85%), 7.50% APR (For FICO Scores of 660 – 699 and LTV less than 71%), 8.00% APR (For FICO Scores of 660 – 699 and LTV between 71% and 80.9%), 9.00% APR (For FICO Scores of 660 – 699 and LTV between 81% and 85%). A minimum of $7,500 and a maximum of $100,000 credit lines are available with this offer. The rate will not vary below 4.00% APR (the floor), with the exception of the introductory APR, or above 17% (the ceiling). Interest-only payments will cause your monthly payment to increase, possibly substantially, once your credit line transitions to the repayment period. In addition, a balloon payment will result, which means a one-time large payment will be required to pay off your line of credit balance. The processing fee is $275. Additional fees may apply. This offer is subject to normal credit qualifications and program guidelines. Rates are subject to change without notice. Property insurance is required. Consult your tax advisor regarding the deductibility of interest. Other restrictions may apply. Credit score will be affected if Midland States Bank needs to run credit for loan approval.
Additional fees may apply. This offer is subject to normal credit qualifications and program guidelines. Rates are subject to change without notice. Property insurance is required. Consult your tax advisor regarding the deductibility of interest. Other restrictions may apply. Credit score will be affected if Midland States Bank needs to run credit for loan approval.
Applications accepted with a primary address located in Illinois and Missouri.
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