Home Equity Line of Credit
*APR=Annual Percentage Rate. Rates are variable and based on Prime Rate as published by the Wall Street Journal, and subject to change. Rates are as low as and based on an evaluation of credit history. The 1.00% discount will apply to the qualifying APR on home equity line of credit (HELOC) loans. The closing cost reduction will be given as a $200 deposit into the associated share savings account once the HELOC loan closes. Property must be owner occupied and 1-4 family residential. Minimum initial draw amount is $10,000. The plan has a maximum rate of 18.00%. The maximum LTV is 80%. The information provided does not constitute a loan commitment. Please call for closing costs. Consult a tax advisor for the deductibility of interest. Offer valid April 1 - July 31, 2025. All rates, terms, and conditions are subject to change without notice.
Our Home Equity Line of Credit (HELOC) is perfect for expenses in which you may not need the money all at once. You can access the available funds as needed throughout a 10-year draw period. Once the draw period ends, there is a 10-year repayment period, and no annual fee during the entire loan term. We will lend up to 80% of the appraised value in your home, minus the balance of your first mortgage (if applicable). Our HELOC may be used for many reasons, including:
- Home renovations, repairs, or improvements
- Debt consolidation
- Education expenses: tuition, books, room and board
- Having money on standby when you need it
Fixed Rate Home Equity Loan
Our Fixed Rate Home Equity Loan is the perfect solution for one-time expenses. It offers a fixed rate and monthly payments that do not change during the entire life of the loan. Loan terms are more accommodating, so you can choose the option that best fits your needs. We will lend up to 80% of the appraised value in your home, minus the balance of your first mortgage (if applicable). Our Fixed Rate Home Equity Loan may be used for many reasons, including:
- Refinance a variable-rate home equity line of credit
- Consolidate variable-rate credit cards
- Home renovations, repairs, or improvements
- Appliances or furniture
- Medical or veterinary expenses