Ready to take on a home improvement project? Looking for a way to help pay for college? Interested in purchasing vacant land? Home Equity Lines of Credit (HELOCs) streamline the loan process and decrease closing costs, giving you the ability to turn equity in your home into cash!
- APR starting at 4.75%*
- Easy access to funds
- No origination fee
- We pay standard closing costs
- No annual fee for the first year
- Lines from $10,000, based on the equity in your home
How does a home equity line of credit work?
Qualified applicants receive approval for a specific amount of credit. This credit limit is the maximum amount that you may borrow at any one time under the plan and is figured by taking a percentage of the applicant’s home value and subtracting the balance owed on the existing first mortgage. We also look at your income, debts and other financial obligations as well as your credit history when determining the amount of your approved line.