All branch locations are operating on a normal schedule Wednesday, December 12th.

Home Equity Line of Credit

Get a 3.74% APR fixed introductory rate for 12 months on our home equity line of credit (HELOC) then converts to a variable rate as low as 5.25% APR thereafter.

You can use the extra funds for everything from a home improvement project, to debt consolidation, to paying for your child’s college. With this responsible borrowing solution, you only pay interest on the money you draw.

The terms:

  • Introductory 3.74% APR will be fixed until the first day of the thirteenth month after the date of the loan closing, then converts to a variable rate as low as 5.25% APR thereafter
  • Credit line from $15,000 to $300,000
  • Minimum draw at closing $15,000

Our lenders will help you figure out how much value you have in your home and get you set up right away. Give us a call at 877-802-1212 to get started.


This promotion is available for a limited time and may be withdrawn at any time.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 3.74% 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 0.50% (margin is dependent on the amount of the line). The prime rate is based on the prime rate published in the Eastern Edition of the Wall Street Journal. On September 27, 2018 that rate was 5.25%. The current APR for a Home Equity Line of Credit using the prime rate plus the 0.50% margin is 5.75%. The floor rate at the end of the initial 12 month period will be 3.95%. The APR will never exceed 16.00%. The minimum monthly payments will be interest-only payments. Payments must be automatically debited monthly from a Peoples Bank checking account. A balloon payment will result if only interest payments are made over the 15 year term. Minimum line amount of $15,000. Maximum line amount of $300,000. A $15,000 initial advance is required at closing or upon the end of rescission period or the borrower will become ineligible for the 3.74% introductory rate. Full appraisal required for lines $250,000 or greater. 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 and single wide manufactured homes, residential lots and “piggy back” second liens. Property insurance and flood insurance where applicable, is required. Applicants must successfully meet our Home Equity Line credit standards. Minimum 680 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.