Home Equity Products

Couple surrounded by moving boxes looking at tabletPut your home to work for you. Update your kitchen, make your home more energy efficient, replace your roof, add a new deck - the sky is the limit!


Home Equity Line of Credit

Use the equity in your home as a smarter way to borrow – with NO CLOSING COSTS!

Our Home Equity Line of Credit is a check driven, open-ended line of credit that allows you to draw only the amount you need, whenever you need it, and whatever you need it for. Ready to get started? Contact a lender today!
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HELOC Carve-Out

Convert a portion of your new or existing Home Equity Line of Credit to a fixed rate loan!

A Home Equity Line of Credit (HELOC) allows you to borrow against the equity in your home and have flexible access to the money you need for home improvements, college tuition, or debt consolidation.  HELOCs typically have a draw period (during which you can withdraw funds up to your credit limit and repay only the accrued interest), followed by a repayment period (when you are no longer able to borrow funds and must pay back the principal balance and the accrued interest).

Our HELOC Carve-Out option allows you to convert a portion of your outstanding HELOC balance to a fixed rate loan. This can help carve out room in your budget by giving you predictable monthly payments and no worries about fluctuating interest rates!
  • $5,000 minimum carve-out loan amount
  • $100 Lock-in fee
  • Maximum carve-out term is the remaining years of the initial interest-only draw period, up to a maximum of 10 years
  • No more than three fixed rate carve-outs at any one time
  • Current Rates
As you repay the fixed rate loan, your available HELOC balance is once again available to borrow.
If you’re ready to carve out a great rate on your Home Equity Line of Credit, contact your local mortgage lender today!
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Home Equity Loan

Borrow against the equity in your home at a convenient fixed rate!

 
A Home Equity Loan (HELOAN) allows you to use the equity in your home to borrow a one-time lump sum for a renovation project with fixed costs. Home Equity Loans have a fixed interest rate with a structured repayment plan, making it easier to budget for than a variable rate Home Equity Line of Credit. If you’re ready to tackle those home renovations, contact your local mortgage lender today!
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*Annual Percentage Rate (APR) is variable monthly, based on index (Wall Street Journal Prime Rate) plus 0.00%. Prime Rate as of 3/1/2019 was 5.50%. Index is the highest prime rate published in The Wall Street Journal on the last business day before the start of each month’s billing cycle. 10-year draw. 15-year repayment period. Minimum APR is 5.50%. Maximum APR, by law, is 18%. No annual fee. No prepayment penalty. Subject to credit approval. Available to qualified applicants who meet the bank’s current loan underwriting guidelines. Maximum 80% combined loan-to-value ratio (CLTVR). Maximum loan amount of $250,000 for no closing costs offer. Offer applies to owner-occupied 1- to 4-family primary residences and second homes. Hazard and/or flood insurance required.
1Consult a tax advisor regarding the deductibility of interest.

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