Home Equity Features


Home Equity Master Line

  • Line of credit to use for up to 10 years, with an additional 15 years to repay
  • Ability to lock in 3 loans under one line of credit (not available with Interest Only option)
  • Check writing options
  • Fixed and variable rate options
  • Available on vacation homes
  • Interest may be tax deductible, consult your tax advisor

Home Equity Master Line - Interest Only

  • Line of credit to use for up to 5 years, with an additional 15 years to repay
  • Interest-only payments during the 5 year draw period
  • Check writing options
  • No application fee
  • Loans up to $300,000
  • Available on vacation homes
  • Interest may be tax deductible, consult your tax advisor
  • Uses of a HELOC: home improvements, debt consolidation, tuition, home repairs

Rates may change at any time. Other terms and conditions may apply.
 


Home Equity Rates

Home Equity Master Line - Interest Only

Repayment Terms APR Loan to Value
5 year draw & up to 15 years to repay 3.50%-6.50% up to 90% LTV for select credit tiers

Minimum monthly payment during the draw period will equal the amount of accrued interest. Interest rate is variable.

Special introduction rate is fixed for 12 months and then variable thereafter. Minimum monthly payment during the draw period will equal the amount of accrued interest. Pre-payment penalty if closed within 36 months.

Home Equity Master Line

Repayment Terms APR Loan to Value
10 year draw & up to 15 years to repay 3.50%-6.50% up to 90% LTV for select credit tiers

HELOC Owner-Occupied. Payment based on balance. $25.00 annual fee assessed. Borrower pays closing costs. Annual Percentage Rate (APR)* and maximum loan amount will be based on your credit qualifications and loan to value ratio. The variable APR may adjust quarterly based on Wall Street Prime plus or minus a margin. Minimum APR 3.49%. Maximum APR 18%.

Home Equity Master Line: Offering Rates may change at any time. Other terms and conditions may apply. Appraisals required. Flood search cost: $15.00. Property Tax Tracking fee $85.  Estimated recording cost: $136-$178. Estimated title insurance or property report cost: $200 - $1300. Lock fee of $25 may apply. Total estimated costs will vary based on individual loan.

Lock-In Option - Variable

Repayment Terms APR
Terms 5, 10, 15, or 20 years 3.50%-5.50%

Lock-in a portion of your Home Equity Master Line to an interest rate that is fixed for the first five years based on Wall Street Journal plus a margin; thereafter, the interest rate will adjust every 5 years based on Wall Street Journal Prime plus a Margin.As you repay the principal, your availability to borrow from your Home Equity Master Line will increase.   OR as you repay the principal portion that is locked in, these funds will be available to borrow through your Home Equity Master Line.

Lock-in Option - Fixed

Repayment Terms APR
Terms 5, 10, 15, or 20 years 4.50%-7.00%

Lock-in a portion of your Home Equity Master Line to a fixed interest rate for 5, 10, 15, or 20 years. As you repay the principal, your availability to borrow from your Home Equity Master Line will increase.

Rate current as of 08/01/2021. Variable rate based on Wall Street Journal Prime plus margin. Margin amount depends on creditworthiness, loan to value ratio, and repayment terms. Maximum APR is 18.00. Estimated account opening fees $300.00- $700.00; these fees vary depending on circumstances and an appraisal may be required. Rate includes .25% reduction for autopay. A $25.00 annual fee will be assessed. Property insurance is required; flood insurance may be required. Financing is subject to credit approval and other underwriting criteria. A lock fee of $25 may apply. Minimum loan amounts may apply. *Special intro rate current as of 8/01/2021 and is fixed for 12 months, then variable thereafter. Current APRs range from 2.49%-5.49%. Variable rate based on Wall Street Journal Prime plus margin. Margin amount depends on creditworthiness, loan to value ratio, and repayment terms. Maximum APR is 18.00. The advertised rate of 2.49% is based on 80% CLTV. Maximum CLTV on HELOC is 85%. Estimated account opening fees $300 - $700; these fees vary depending on circumstances and an appraisal may be required. Rate includes .25% reduction for autopay. An annual fee of $25.00 will apply after the first year. Property insurance is required; flood insurance may be required. Financing is subject to credit approval and other underwriting criteria.​