Loans » Home Equity Lines & Loans

Home Equity Lines & Loans

Use the equity in your home to secure a competitive-rate loan to pay for anything you need: consolidate debt, take a dream vacation, remodel your house—whatever you have in mind. We have many options to make payments more affordable. Plus, enjoy the convenience of locking in all or part of the balance on your line of credit into a fixed rate, fixed term loan.⁶ Have access to five rate locks for the 15-year term of your line.

Benefits

• Affordable—Rate is typically lower.
  • No closing costs
  • No annual fee
  • No early pay-off penalty or other "hidden" fees
• Flexible—Choose a fixed rate term up to 15 years, a balloon loan with low initial payments, or a line of credit to use again and again.
• Get more—Borrow up to 100% of your home's equity.
• Save—Interest is usually tax deductible (see tax advisor).

Questions? Contact us today.

*APR is annual percentage rate. Rates are subject to change.

**Featured Rate Assumptions

The minimum loan amount for a 5-year Balloon is $20,000. The minimum loan amount for all other products is $5,000. Rates shown are for up to 80% loan-to-value. (Use the Custom Rate Quote Calculator to determine your home's loan-to-value ratio.)

Closing costs are waived, except the appraisal cost or title insurance if required. Appraisal costs range from $200 to $500 depending on the loan amount. Property insurance is required.

1	5 year fixed—60 monthly payments of $19.57 per $1,000 borrowed.
2	10 year fixed—120 monthly payments of $11.74 per $1,000 borrowed.
3	15 year fixed—180 monthly payments of $9.56 per $1,000 borrowed.
4	5 year balloon—A $20,000 loan will result in 59 monthly payments of $135.08 and 1 final (balloon) payment of $18,856.19, amortized over 30 years.
5	Line of credit—During the 15-year draw period, the minimum monthly payment will be the greater of (a) $50 or (b) the accrued interest on the outstanding balance under the agreement as of the close of the billing cycle. Late payment fee: $10 or 5% of the unpaid amount due, whichever is less. Rate indexed to prime. APR is subject to change monthly but cannot exceed 18%. No annual fees.
6	The fixed rate segment has a $25 participation fee each time you exercise the option. You may exercise up to a total of five options during the draw period of your plan.