Home Equity Features

Home Equity Master Line

  Apply Here
  • 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

Apply Here
  • 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

Repayment Terms APR Loan to Value
10 year draw & up to 15 years to repay 7.00% - 9.00% up to 85% LTV for select credit tiers

 Minimum monthly payments during the draw period will be determined on the balance.

Home Equity Master Line - Interest Only

Repayment Terms APR Loan to Value
5 year draw & up to 15 years to repay 7.00% - 9.00% up to 85% LTV for select credit tiers
 Minimum monthly payments during the draw period will be determined on the balance.

 

Lock-In Option - Variable

Repayment Terms APR
Terms 5, 10, 15, or 20 years 7.00%-9.00%

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. 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 fee of $25 may apply.

Lock-in Option - Fixed

Repayment Terms APR
Terms 5, 10, 15, or 20 years 7.00%-10.00%

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. Lock fee of $25 may apply.

Rate current as of 01/18/2023. Variable rate based on Wall Street Journal Prime plus margin. Margin amount depends on creditworthiness, loan to value ratio, and repayment terms. Current APRs range from 7.00%-9.00%. Maximum APR is 18.00%, Minimum APR is 3.49%. 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. Property insurance is required; flood insurance may be required. A $25.00 annual fee will be assessed. Financing is subject to credit approval and other underwriting criteria.