Use the equity in your home to secure a competitive-rate loan to pay for anything you need: remodel your house, consolidate debt or take a dream vacation. 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.† Have access to five rate locks for the 15-year term of your line.
Our Home Equity Options Are
*APR is annual percentage rate. Rates are subject to change.
**Featured Rate Assumptions
The minimum loan amount is $5,000. Rates shown are for up to 70% loan-to-value. (Use the Custom Rate Quote Calculator to determine your home's loan-to-value ratio.)
Home equity lines of credit have a $149 processing fee due at closing. Closed-end home equity products have a processing fee due at closing that can range from $75 to $200. Appraisal costs or title insurance may be required. Appraisal costs range from $400 to $600. Property insurance is required.
|1||5 year fixed—60 monthly payments of $18.41 per $1,000 borrowed, up to 80% LTV.|
|2||10 year fixed—120 monthly payments of $10.36 per $1,000 borrowed, up to 80% LTV.|
|3||15 year fixed—180 monthly payments of $8.71 per $1,000 borrowed, up to 80% LTV.|
|4||Line of credit—During
the 5-year draw period, the minimum monthly payment for HELOC 70%, HELOC 80% and
HELOC 90% will be (a) $50 or (b) the accrued interest on the outstanding balance
under the agreement as of the close of the billing cycle, whichever is greater.
The minimum monthly payment for HELOC 100% will be (a) $100 or (b) 1.5% of the outstanding
balance, whichever is greater. However, if you exceed the maximum principal loan
balance allowed under your agreement, you will also be required to pay an amount
sufficient to reduce your principal loan balance to the maximum principal loan balance
allowed under the agreement. Balances of less than $100.00 must be paid in full.
Late payment fee: $10 or 5% of your monthly payment, whichever is less. Processing
fee: A one-time charge of $149 applies to newly booked HELOCs due at closing. Rate
indexed to The Wall Street Journal Prime. APR is subject to change monthly
but cannot exceed 18%. The APR will never fall below
for HELOC 70%,
for HELOC 80%,4.99%
for HELOC 90% or
for HELOC 100% except during the initial discounted rate period, if applicable.
No annual fees. A renewable draw period of 5 years and renewal fee of $100 applies
to all HELOCs. Renewal fee is waived with
Value or Premium Checking. After the end of the final draw period, the remaining
balance will be amortized over 15 years. Your payment will be adjusted each time
the interest rate increases or decreases to repay the balance within the number
of months remaining in the repayment period.
|†||You may exercise up to a total of 5 options during the draw period of your loan. Each option must be exercised for an advance/balance of at least $5,000. The first option fee is waived. A $25 fee applies for each
time you exercise the option thereafter.|
|††|| Your purchase of Payment Protection is optional and will not affect your application for credit or the terms of any credit
agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan
representative, or refer to the Member Agreement for a full explanation of the terms of Payment Protection. You may cancel the protection
at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. DP-1068204.1-1114-0116