Home Equity Products

With OBA’s Home Equity programs it’s easier, faster and more affordable than ever to get borrow the money you need.

The equity that you have in your home may be a significant financial resource. With an OBA Home Equity Loan or Line of Credit you can use the equity in your home to consolidate higher interest rate credit card bills, pay tuition, buy a new car, home improvements, or simply to have funds available for unexpected expenses.

Choose a Home Equity Loan or Line of Credit, or download a Home Equity Line of Credit Application and bring it to your local branch.

With our Home Equity Line of Credit option you’ll have ready access to your funds on an on-going bases for such needs as college tuition, or credit in reserve for unexpected expenses. The interest rate may vary - but you only pay interest on the amount you borrow. You'll receive a special checkbook to access the line anywhere anytime. As you repay the outstanding balance, borrowed funds become available for your use up to the total credit limit.

Our Home Equity Line of Credit features the best rates in the area.

Home Equity LoansThis is a great option for a one time borrowing need such as kitchen remodeling or a new car. With this loan the payments are fixed for the term of the loan which can range from 3 to 10 years. You’ll always have a fixed rate payment schedule.

Take advantage of the lowest interest rates in years. Interest rates are well below those of revolving credit accounts. Interest payments are usually tax deductible (consult with your tax adviser).

To find out whether you're in a good borrowing position, and the maximum amount you should be able to borrow, take our OBA Bank Home Equity Loan Test. Then call us at (301) 916-6400

You may also download a Home Equity Line of Credit Application* (37 Kb, PDF).
*Important Requirement:
The Home Equity Line of Credit Application MUST be Printed on Legal Size (8-˝"x14") Paper from your Adobe Acrobat Reader!
The application MUST INCLUDE:
- One month of most current pay stubs for all applicants
- Copies of last two years' W2s
- Signed copy of your last two years' 1040 Federal Tax Returns
(include all schedules if self employed)
Adobe Acrobat reader required - Get Adobe Acrobat Reader