Home Equity Line of Credit Promotion

Get a 1.99% APR fixed introductory rate for six months on our home equity line of credit (HELOC) that converts to a variable rate as low as 4.25% 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 1.99% APR fixed for 6 months, then converts to a variable rate as low as 4.25% APR thereafter
  • Credit line from $25,000 to $125,000
  • Minimum draw at closing $25,000
  • We cover closing costs (excluding title insurance and appraisal if required)

Our lenders will help you figure out how much value you have in your home and get you set up right away. Or, start your application online today.


This promotion is available for a limited time and may be withdrawn at any time. The introductory Annual Percentage Rate (APR) will be fixed at 1.99% and will not increase until the first day of the seventh 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 August 23, 2017 that rate was 4.25%. The current APR for a Home Equity Line of Credit using the prime rate plus the 0.50% margin is 4.75%. The floor rate at the end of the initial 6 month period will be 3.95%. 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 $125,000 for second liens. A $25,000 initial advance is required at closing or upon the end of rescission period or the borrower will become ineligible for the 1.99% introductory rate. Full appraisal required for loans over $250,000. Maximum loan-to-value ratio is 85%. This promotion applies only to new lines of credit or certain increases to existing lines of credit (ask Lender for details). Closing costs such as attorney’s fees, credit bureau fees, recording fees, etc. , which total approximately $450, will be paid by the bank. The maximum the bank will pay in closing costs is $500. If the loan is paid out before the first day of the 37th month after closing, the bank will advance the amount of the closing costs from the line of credit which will be due and payable by the borrower. 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 or double wide manufactured homes. Property insurance 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.