Step 1 - Organize your DocumentsStep 2 - Shop loan programs and ratesStep3 - Apply for a loanStep 4 - Obtain loan approvalStep 5 - Close the loan

Organize your documents

If you are applying for a home equity loan or line of credit

  1. If you are salaried: provide your prior year W-2 and most recent paystub OR if you are self-employed: you may be required to provide up to two years tax returns and a personal financial statement depending on your loan amount.
  2. Please provide a signed letter explaining what you plan to do with the proceeds.
  3. Provide a copy of divorce decree if applicable.
  4. If you are NOT a US citizen, provide us with a copy of your green card (front & back), or if you are NOT a permanent resident provide us with your H-1 or L-1 visa.


Shop loan programs and rates

Compare different programs. Shopping for a loan can be difficult. With so many programs to choose from, each of which has different rates, fees, and terms it’s hard to figure out which program is best for you. That’s where an experienced loan officer can help you make a decision that’s best for you. Compare Sandy Spring Bank Home Equity Loans and Lines.


Apply for a Loan

Once you’ve chosen a loan, you’re ready to apply. You have three convenient options:

Our Fair Lending Policy Statement is available to view online.


Obtain Loan Approval

Once your loan application has been received we will start the loan approval process immediately. This involves verifying your:

  1. Credit history
  2. Employment history
  3. Assets including your bank accounts, stocks, mutual fund and retirement accounts
  4. Property value

Based on your specific situation, additional documents or verifications may be required. To improve your chances of getting a loan approval: Fill out the loan application completely.

  • Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
  • Do not make any major purchases. Do not buy a car, furniture or another house until your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.
  • Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.
  • Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.


Close the Loan

After your loan is approved, you will be required to sign the final loan documents. This will normally take place in front of a notary public. Be prepared to:

  1. Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
  2. Sign the loan documents.

Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions federal law requires that you have 3 business days to review the documents before your loan transaction can close.


Ready to apply for Sandy Spring Home Equity Loan or Line of Credit? Or have more questions?

Apply Now
By phone, Call 800-399-5919, press 3, 3 or
At a
community office

Our Fair Lending Policy Statement is available to view online.


Know your Credit Score
You can get one free credit report from each of the three major credit agencies once a year. Your free credit reports can be ordered through

Understanding credit and debt
Used wisely, credit is a powerful financial tool, but if you’re not careful, it can lead to a heavy debt load. If this has already happened to you, know that you’re not alone. According to recent Census data, the total amount of consumer debt in the United States is $2.6 trillion – that’s $8,500 for every single person living in the country.