You can enjoy a low introductory rate on a Home Equity Line of Credit

5.74% APR1

‌Special introductory rate for the first year if you draw 10% or more of the loan at closing

5.99% APR1

Special introductory rate for the first year if you draw less than 10% of the loan at closing ‌

7.75% APR2

‌Prime for life, thereafter

8.00% APR2

‌Prime plus 0.25% for life thereafter on loans with a CLTV greater than 65%

AFFORDABLE FINANCING FOR YOUR BIG PLANS.

For many homeowners, borrowing against their home's equity is a practical, cost-effective way to pay for major projects and purchases. When you're ready to put your plans into action, put your home's equity to work with our low rates and friendly local service.

Fund major purchases

Consolidate debt

Pay tuition

Wedding expenses

HOME EQUITY LINE OF CREDIT

Pay for multiple expenses over time with our convenient Home Equity Line Credit. Access funds as needed, up to your approved limit, at any time during the draw period, and only pay interest on the funds you borrow.

Maximum Credit Line Primary Residence or Vacation Home: Borrow up to 80% of your home's appraised value (less your existing mortgage balance), or up to $700,000, whichever is lower
Maximum Credit Line Investment Properties: Borrow up to 65% of your property's appraised value (less your existing mortgage balance), or up to $700,000, whichever is lower
Draw Period: 10 years
Initial Rate: 5.74% APR for the first year if you draw 10% or more of the loan at closing
Rate Cap: 13.99%
Property Type: 1-to 4-family homes, 1-family vacation homes and condos, and co-ops3
No application fee, origination fee, or annual fee
No closing costs4

(1) Annual percentage rate. The introductory APR is fixed for one year (twelve months). After the first year, the APR is determined by Combined Loan to Value (CLTV) ratio. If CLTV is 65% or less, the rate is prime for a primary or vacation home, prime plus 0.25% for an investment property. If CLTV is greater than 65%, the rate is prime plus 0.25%. All rates can change monthly. The maximum APR is 13.99%.

(2) The Prime APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable). If CLTV is 65% or less, the rate is prime for a primary or vacation home, prime plus 0.25% for an investment property. If CLTV is greater than 65%, the rate is prime plus 0.25%. HELOCs are variable rate products and rates may not exceed the maximum APR of 13.99%. The Prime Rate as of 3/10/2023 = 7.75%.

(3) We do not make HELOCs on Investor Co-ops.

(4) Loan products and services subject to credit approval. All loans secured by a mortgage/lien on the property. Rates and terms are subject to change without notice. Rates are effective as of 3/10/2023.

(5) Closing costs up to 1% of line amount + $850 Administration fee