Home Equity Loans

Couple and workman reviewing plans for the updates to their house. Sandy Spring Bank home equity loans.

Be the hero who pays for the wedding or surprises that special someone with their dream trip, all thanks to the equity in your home. If you have a major expense coming up, then a Home Equity Loan may be the answer.

A Home Equity loan is a fixed-term loan secured by your primary residence designed to help with one time needs, such as a trip, wedding, college tuition or debt consolidation. Calculate your home loan payment.

Affordable rates and cash at closing. 

  • Minimal costs and fees.1 
  • Set monthly payments that help you budget.
  • Fixed interest rate to provide peace of mind.
  • Terms up to 20 years for lower payments.
  • A 0.25% interest rate discount with automatic payments set up from a Sandy Spring Bank checking account at loan origination.

4 Reasons to Use Home Equity loans or lines of credit.*

  • Home additions and improvements.
  • Debt consolidation. 
  • Adoption.
  • Education costs.

Compare the differences between a home equity line of credit and home equity loan.

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Frequently Asked Questions (FAQs)

  • Disclosure

    View our Fair Lending Policy statement. » 

    Loan program subject to change without notice and cancellation at any time. Actual qualification is subject to verification and approval of income, credit, property appraisal and other factors. Additional fees, terms and conditions may apply. Other rates and terms are available. Please consult your tax adviser regarding tax deductibility.

    Home Equity Loan
    1To 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.

    *According to Bankrate, https://www.bankrate.com/home-equity/reasons-to-use-home-equity/.