Home Equity Lines of Credit & Loans
We’re all about helping you get the most out of life – right now and the right way.
- Consolidate your debt
- Make improvements and repairs to your home
- Pay for education expenses, unexpected bills or medical bills
- Make a major purchase like a car or furniture
Achieve any aspiration.
Home Equity Line of Credit (HELOC)
Enjoy a flexible line of credit so you can get the cash you need
right when you need it.
- Flexible line-of-credit access to cash
- Finance only what you need when you need it at a
competitive variable rate
- Borrow up to 89.9% of the value in your home
- Flexibility to convert drawn funds to a fixed rate loan
- Enjoy tax benefits*
*The interest may be tax deductible. Consult your tax advisor.
Home Equity Loans (Fixed-rate Second Mortgage)
Use the equity in your home to receive a lump sum of cash to
help you tackle your goals.
- Competitive fixed rates
- 15-year and 30-due-in-7 options
- Amortized payment schedule
The APR for a Home Equity Line of Credit is variable and based on Prime Rate as published in the Wall Street Journal, plus a margin. The maximum APR is 12.00%. You can obtain credit advances for 120 months (the draw period). During the draw period, payments will be due on a monthly basis. Your minimum monthly payment for variable rate balances will be established at the close of each billing cycle at an amount equal to the greater of 1.00% of Your then unpaid balance or all accrued but unpaid Finance Charges incurred during the billing cycle, subject to the lesser of $50.00 or your variable rate balance. Typical loan application and closing fees can range from $231.25 to $1,088.25. The Annual Percentage Rate (APR) for a Fixed Rate second mortgage is based on credit score. An APR of 10.25% will result in 180 monthly payments of $10.90 for every $1,000 borrowed.
We offer a variety of mortgage options to meet your needs, whether this is the first home you’ve ever bought or you’re interested in refinancing a mortgage you already have.
Get Purchasing Power
Experience life the way you want to, with the purchasing power that helps you accomplish more. You’ll find it with our rewarding Visa® credit cards.