Home Equity

HOME EQUITY

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Home Equity Loans and Lines of Credit are a smart way to consolidate debt, make home improvements, and pay for education or unexpected expenses.

Home Equity Loan

A Home Equity Loan is ideal for a one-time borrowing need and offers predictable, fixed payments for the term of the loan.

  • Fixed Rates as low as 3.49% APR1 for a 60-month term^
  • Up to 95% of your home’s value
  • A one-time payout to get your money up front
  • Loan amounts up to $250,000
  • No points, closing costs2 or fees

Home Equity Line of Credit

A Home Equity Line of Credit is best for ongoing borrowing needs like a series of home improvements, college tuition or credit reserve for unexpected expenses. 

  • Introductory 2.99% APR* until January 2016!
  • Variable rates as low as 4.00% APR* after the introductory period
  • Easy access to funds anytime with online banking or convenience checks
  • Credit Lines up to $250,000
  • No points, closing costs2 or fees

1 Annual Percentage Rate (APR) is based on evaluation of applicant's credit and on associated loan-to-value (LTV) ratio. Your actual APR may vary.

2 No closing cost offer available one time only per property and for primary residence only. Closing costs must be repaid if line is closed before 24 months. For loan amounts of $100,000, closing costs typically range between $1,200 and $2,100. Closing costs can vary based on the location of the property and the amount of the Loan. 

*APR=Annual Percentage Rate. Introductory APR is good until January 3, 2016. Upon expiration of the intro rate, all balances will accrue interest at the variable APR in effect for your account. APRs are based on evaluation of the applicant's credit. Your APR may vary. Other conditions apply. 4.00% Floor Rate regardless of a temporary lower Prime Rate. The APR is a variable rate and is based on the Prime rate as disclosed in The Wall Street Journal plus or minus a margin based on your credit history. The rate is subject to change. Maximum APR is 18%.

^Fixed Equity Loan Example: A $100,000 loan at 4% APR for 20 years would have an estimated payment of $606.79. For Home Equity Lines of Credit, during the Introductory Period in effect until January 2016, the monthly payment is based on a 4% interest but the actual interest is calculated and applied at 2.99%. The difference in the monthly payment will be applied to principal.

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