HOME EQUITY LINE OF CREDIT

PUT YOUR EQUITY TO WORK AND DRAW A PATH TO YOUR DREAMS

Achieving a financial goal typically requires some planning. So how do you go from dream to reality? The answer could be right there under your feet. With our home equity line of credit, we offer a smart way to access your home’s equity for major purchases, home renovation projects, college tuition or simply consolidating your high-interest debt. If you have a financial goal in mind, we’re ready to show you the way.

Note: Our home equity line of credit is only available in certain states.1

LOW RATES AND FLEXIBLE OPTIONS

Our line of credit offers a number of different solutions for helping you get the most out of your home’s equity.

  • Draw 100% of the line at closing, max line amount up to $500,000
  • Reduced closing cost option available3
  • Interest-only payments during the 10-year draw period
  • Variable rate on initial draw and throughout life of the line3
  • Fixed rate advance options available at the initial draw -- upon qualification, secure a fixed rate for 5, 7 or 10 years, pay a variable rate when the fixed period ends3

Our line of credit offers variable Annual Percentage Rates (APR) from 4.625% to 8.125% as of 04/25/2017. Variable APR changes monthly. Not all clients will qualify for the lowest rate. Rates may increase to a maximum of 15%. Upon qualification, fixed rate advance APRs on initial draws range from 6.375% to 8.250% as of 04/25/2017. The variable APR range of 4.625% - 8.125% is available to borrowers with FICO scores of 719 or higher, and loan to value ratios of 70% with a total line amount equal to or greater than $20,000. Line must be secured by 1-unit single family residence or eligible condominium. The fixed APR range of 6.375% - 8.250% is available to borrowers with FICO scores of 719 or higher, and loan to value ratios of less than 70% with a total line amount equal to or greater than $20,000. Line must be secured by 1-unit single family residence of eligible condominium. After the fixed rate advance period ends, a variable APR will apply. APRs may change monthly. During the 10-year draw period, there is a $50 annual fee.

Monthly payments could increase due to things like taxes, insurance or taking additional advances.

Other fees could apply4

Spotlight Rate

Current variable rates as low as 4.625% APR

The lowest variable rate of 4.625% APR available to borrowers with FICO scores of 760 or higher, and loan to value ratios of 70% or less with a total line amount equal to or greater than $125,250. Line must be secured by 1-unit single family residence or eligible condominium.


Cash Out Refi Alternative

If you’re considering refinancing, maybe to take advantage of lower rates, and also looking to access funds, a cash out refi can take care of both. You’ll simply refinance for more than what you owe and then use the money you get back to finance your goal.
Get cash back >