Home Equity Line of Credit (HELOC)

*This promotion is available for a limited time and may be withdrawn at any time.  The loan is a variable rate loan. The APR may vary from prime rate to prime rate plus 0.75% (margin is dependent on the amount of the line and lien position). The prime rate is based on the prime rate published in the Eastern Edition of the Wall Street Journal. On July 27, 2023, that rate was 8.50%. The current APR for a Home Equity Line of Credit using the prime rate plus the 0.75% margin is 9.25%. The floor rate is 3.25%. The APR will never exceed 16.00%. The minimum monthly payments will be interest-only payments. A balloon payment will result if only interest payments are made over the 15-year term.  Minimum line amount of $25,000. Maximum line amount of $250,000.  Bank will pay title search fees, recording fees, flood determination fees, credit report fees, and property evaluation fees (ranging from $464-$518).  Customer will pay for appraisal fees, if required. This promotion applies only to new lines of credit. Customer will be charged for bank-paid upfront closing costs if the line is closed/paid off before the first day of the 37th month. No annual fee. Promotion available for single-family, owner-occupied, primary residence only; excludes investment property, second and vacation homes, condos, townhomes, co-ops, manufactured homes, Trust-owned, residential lots, and purchase money second liens. Property insurance, and flood insurance if applicable, is required. Applicants must successfully meet our Home Equity Line credit standards. Minimum 720 credit score required. Not all customers will qualify for this promotional offer. Alternative rates and terms are available. Interest may be tax-deductible. Consult your tax professional regarding deductibility.