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

(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