Home Equity Lines of Credit
Tap into true value by using the equity you have in your home. Establish a line of credit and experience tremendous convenience, flexibility and savings!
Our Home Equity Line of Credit (HELOC) is one fantastic product. Along with a great rate, the repayment terms are exceptional, and the benefits are many. Set your line up today!
- 4.50% APR*
- Minimum Borrowing Amount – $10,000
- Maximum Borrowing Amount – $100,000
- 10-Year Term
- Interest-only payments each month
- Maximum loan-to-value of 80%**
- Requires a minimum FICO credit score of 680
- Interest paid is likely tax deductible***
* The Annual Percentage Rate (APR) is fixed for the first three years, and then becomes a monthly variable rate for the next seven years. The variable rate is indexed to Wall Street Journal Prime and during the life of the loan, can range from a low of 5.00% APR (after the 3-year intro period) to a high of 12.00% APR.
** Loan-to-values exceeding 80% but <=90% will be considered on a case-by-case basis.
*** Consult your tax advisor
An origination fee of $450 or 1.00% of the credit limit (whichever is greater) will be charged. This can range from $450 to $1000. A fee-paid appraisal may be required. Monthly payments of accrued interest are required for the 10-year life of the loan. At maturity, the balance becomes due and payable.