Home Equity Line of Credit
Take advantage of the equity in your home with a Home Equity Line of Credit. Apply online now from our mobile-friendly, easy-to-use application.
†The Annual Percentage Rate (APR) shown for Home Equity Lines of Credit is valid with a loan to value of 85% or less. The interest rate is variable, based on the Wall Street Journal Prime Rate, plus a margin. Margin offered is dependent on the individual's excellent and substantial credit characteristics. Individuals with less than excellent and substantial credit may be offered a higher margin. Property insurance required including flood insurance where applicable. A $50 annual fee applies. Loan amount may not exceed 85% of your home's value. The minimum advance is $250. Rates and Terms are subject to credit approval and could change without notice.).
A Flexible Home Loan for Your Changing Needs
With a Home Equity Line of Credit, you can borrow up to 85% of your home’s value. For example, if you own a home with an appraised worth of $200,000, and you still owe $90,000 on the home, then your home equity is $110,000. If your Home Equity Line of Credit qualifies you to take out 85% of the home's value, you can then borrow up to $80,000 (85% of the home value is $170,000, then subtract the $90,000 still owed on the home, and the result is $80,000).
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APPLY ONLINE IN JUST MINUTES
Applying is simple with our mobile-friendly, easy-to-use online application. Complete your application in just minutes, whenever and wherever is most convenient for you. From securely uploading your documents to receiving the final decision, you’ll be able to manage your entire application experience online.
Take Advantage of Low Interest Rates
You've worked hard to build equity in your home, and you deserve to be rewarded. With a Home Equity Line of Credit, take advantage of low variable rate options. Plus, you'll have a repayment term, up to 15 years.
Flexible Payment Options
With a Home Equity Line of Credit, you have access to 85% of the equity in your home at any time. When you apply for a HELOC, you may choose a monthly payment structure based on the outstanding principal plus interest or opt to only pay interest on the money you advance. This gives you flexibility and affordability.
Quick and Easy Approval, Just Once
With our one-time approval, there's no need to reapply every time you need additional funds. You simply advance on your approved credit line at your convenience. And keeping track of your HELOC is easy, with up to seven years of Online Statements, and 18 months of transaction history at your fingertips in Online and Mobile Banking.