HELOC with Introductory 1.99% APR*

Introductory 1.99% APR* Home Equity Line of Credit

For the First Year

The introductory APR will be fixed at 1.99% and will not increase until the first day of the thirteenth month after the date of the loan closing, then converts to a variable rate as low as 4.00% APR thereafter.*

Features:
  • Introductory 1.99% APR for 12 months*
  • Credit lines from $25,000 to $250,000

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Learn more about the benefits and features of a Home Equity Line of Credit
*This promotion is available for a limited time and may be withdrawn at any time.  The promotional Annual Percentage Rate (APR) will be fixed at 1.99% and will not increase until the first day of the thirteenth month after the date of the loan closing. After the introductory period, the loan will become a variable rate loan. The subsequent 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 May 5, 2022, that rate was 4.00%. The current APR for a Home Equity Line of Credit using the prime rate plus the 0.75% margin is 4.75%. The floor rate at the end of the initial 12-month period will be 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 credit report fees and property evaluation fees associated with the loan (ranging from $128 to $132).  Customer will pay for other fees such as title search fees, recording fees, flood determinations and appraisal fees, if applicable (ranging from $359-$385). This promotion applies only to new lines of credit. No annual fee. Promotion available for single-family, owner-occupied, primary residence only; excludes investment property, second and vacation homes, condos, co-ops, manufactured homes, 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.