Home Equity Loans

A woman drinking coffee in a bright new kitchen with large windows. A home equity loan can help your home improvement dreams become real. Sandy Spring Bank Home Equity Loans.

Home Equity Loan 

A Home Equity Loan1 is a fixed term loan secured by your primary residence designed to help with one time needs, such as a home renovation, debt consolidation, or any other major purchase.

Benefits include:

  • Minimal costs and fees2
  • Fixed monthly payments
  • Terms up to 20 years
  • A 0.25% interest rate discount is available for automated payments set up from a Sandy Spring Bank checking account at loan origination.

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Have you considered a Sandy Spring Bank Home Equity Line of Credit? »

View our Fair Lending Policy statement.

Rates and Terms subject to change without notice. Other rates and terms available. Adequate property insurance required. All lines/loans subject to credit approval. Please consult your tax advisor regarding tax deductibility.

  • Disclosure

    Home Equity Loan
    1Annual Percentage Rate (APR) of 7.79% as of 07/27/2023. Rate quoted is for 1-4 family, owner-occupied residence. Rate assumes a 0.25% discount for automatic debit from a Sandy Spring Bank checking account on a loan of $20,000 or more with LTV of 70% or less and a 1-to 5-year term. Monthly payment per $1,000 borrowed for 5 years is $20.06.

    2To open an account, you must pay certain fees to third parties such as appraisers, credit reporting firms, and government agencies (closing costs). These third party fees generally total between $540.00 and $1,400.00 for a $50,000 loan. We will pay all closing costs on your behalf at closing WITH THE EXCEPTION OF ANY APPLICABLE TRANSFER TAXES AT CLOSING. You will reimburse us for all closing costs that we paid on your behalf to third parties if the loan is terminated (by you or us) during its first 3 years.