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Home Equity
Line of Credit

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Features
Calculator
Rates & Fees
FAQ & Links

Features

When fixing or upgrading your home, even do-it-yourself projects start to add up. Our Home Equity Line of Credit is a great option to get the funds you need, when you need them.

  • Borrow up to 85% of the equity you have in your home
  • Adjustable rate gives you the benefit of lower monthly payments
  • Allows you to use equity, or value in your home as collateral
  • Perfect for home improvements, which may in turn increase the equity in your home
  • Can be great when used for a new vehicle or other large purchases
  • Interest payments may be tax deductible (consult your tax advisor)
  • Terms up to 20 years are available

* Home equity lines of credit require an appraisal. Terms and rate contingent upon home’s appraised value. We will loan up to 85% combined loan to value (CLTV). No down payment required. Equity determined by the amount your home is worth minus the amount owed on the property. Example: home worth $100,000 multiply by 85% loan to value equal $85,000 minus $40,000 owed, equals $45,000 equity available. You can borrow up to 85% of homes value less what you owe. Property insurance is required. The Home Equity Loan is a fixed rate and closed-end term with no annual fee. The Home Equity Line of Credit is an open-ended credit line with a variable rate based on the Wall Street Journal (WSJ) prime rate plus a margin with a minimum of 5% APR and annual fee of $60. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. Up to 20 years terms for home equity loans and lines of credit.

Calculator

InternetActive Calculators™
Variable Rate Mortgage Calculator

Loan Amount:
Number of Months:
Beginning Interest Rate:
Ending Interest Rate:
Incremental Rate of Interest:
Number of Rate Changes over Life of Loan:
Calculate Payment Only
Calculate Payment and Display Amortization Schedule

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

Rates & Fees

Home Equity Line of Credit3
Effective Date: April 29, 2017
ProgramAPR Range*TermEst. Payment/$1,000 borrowed
Variable rate based on prime rate plus margin - Primary Residence
75% CLTV - Up to $500K 5.50% - 7.00% 240 Months $6.75 - $7.61
85% CLTV - Up to $50K 6.00% - 7.50% 240 Months $7.03 - $7.91

Home Equity Line of Credit Fees
Fee
Annual Fee $60
 

*APR=Annual Percentage Rate. Rates valid as of . Terms and conditions subject to change without notice. Rate may vary depending on individual's credit history and underwriting factors.
Lowest payment factor based on lowest rate and highest payment factor based on highest rate.
** Home equity loans and lines of credit require an appraisal. Terms and rate contingent upon home’s appraised value. We will loan up to 85% combined loan to value (CLTV). No down payment required. Equity determined by the amount your home is worth minus the amount owed on the property. Example: home worth $100,000 multiply by 85% loan to value equal $85,000 minus $40,000 owed, equals $45,000 equity available. You can borrow up to 85% of homes value less what you owe. Property insurance is required. The Home Equity Line of Credit is an open-ended credit line with a variable rate based on the Wall Street Journal (WSJ) prime rate plus a margin with a minimum of 5% APR and annual fee of $60. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. Up to 20 years terms for home equity loans and lines of credit.

FAQ & Links

How do I apply?

Please call us at (800) 743-7228 or visit your favorite branch to apply for your Home Equity Line of Credit.

How do I view my loan officers NMLSR #?

Click here to view the registry.

What is the maximum available term?

We offer terms up to 20 years.

How much equity am I able to pull out of my home?

You are able to pull a maximum of 85% of the equity you have in your home.

Is this an open-ended loan?

Yes, you are able to borrow continuously and access funds only when you need them.

Is my payment fixed?

No, with the Home Equity Line of Credit, your payment varies based on the current rate and the amount you owe.

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