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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.

  • Interest only payments for the first 10 years
  • Rates adjust monthly and are based on the Wall Street Journal Prime Rate index, plus a margin
  • Qualifying properties include owner and non-owner occupied 1-4 family homes
  • Interest may be tax deductible1 (consult your tax advisor)
  • Option to convert all or a portion of the balance to a fixed monthly payment
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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!

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

As you repay the fixed-rate loan, your available HELOC balance is once again available to borrow.

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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.

    • $10,000 minimum loan amount
    • 15-year repayment period
    • $250 rate lock fee


*Annual Percentage Rate (APR) is variable monthly, based on index (Wall Street Journal Prime Rate) plus 0.00%. Prime Rate as of 2/24/2020 was 4.75%. 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. Maximum APR, by law, is 18%. No annual fee. No prepayment penalty. Subject to credit approval. Available to qualified applicants. 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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