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Home Equity Line of Credit

Unlock the financial power within your home and embrace flexibility with our Home Equity Line of Credit (HELOC). Whether it's home improvements, education, or unexpected expenses, our HELOC is your key to a world of possibilities.

Enjoy the flexibility of drawing funds as needed. With a HELOC, you have ongoing access to your home's equity, empowering you to tackle various financial needs. Access a revolving line of credit and use it whenever and however you need. Pay interest only on the funds you use, providing financial flexibility tailored to your lifestyle. Choose a repayment plan that suits your budget. Whether you prefer interest-only payments or paying down the principal, our HELOC adapts to your financial strategy.

HELOC

  • Pay interest on only what you use
  • Excellent interest rates (currently Prime minus 1%)
  • Drawing period of 15 years
  • Repayment period of 5 years
  • Convenient access to your funds
  • Borrow up to 80% of your equity

New HELOC

  • Pay interest on only what you use
  • Excellent interest rates (currently Prime minus 0.75%)
  • Drawing period of 10 years
  • Repayment period of 10 years
  • Convenient access to your funds
  • Borrow up to 80% of your equity

Rates

Home Equity Line of Credit

Effective: January 17, 2024

Home Equity Line of Credit
TypeTermAPR 1 starting at
Home Equity Line of Credit15 Yr Borrowing; 5 Yr repaymentPrime minus 1%, adjustable monthly 2
NEW Home Equity Line of Credit10 Yr Borrowing; 10 Yr repaymentPrime minus 0.75% (10 Yr Interest only payments) 3
  • (1) Annual Percentage Rate.
  • (2) The rate listed is the Annual Percentage Rate (APR) which is variable and is equal to the Wall Street Journal prime rate minus 1.00%, subject to a minimum rate of 2.25% and a maximum rate of 18% or the maximum rate permitted by law, whichever is less. Prime as of 10/6/2023 was 8.5%. This APR is available for new home equity lines only. Line must be secured by a 1-4 family home or condo. Primary residences only. The maximum loan to value is 80%. Rates are subject to change. Property insurance will be required. Subject to credit approval.
  • (3) The rate listed is the Annual Percentage Rate (APR) which is variable and is equal to the Wall Street Journal prime rate minus 0.75%, subject to a minimum rate of 4.00% and a maximum rate of 18% or the maximum rate permitted by law, whichever is less. Prime as of 10/6/2023 was 8.5%. This APR is available for new home equity lines only. Line must be secured by a 1-4 family home or condo. Primary residences only. The maximum loan to value is 80%. Rates are subject to change. Property insurance will be required. Subject to credit approval.

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