Rates

Your years of timely mortgage payments are about to pay off. Get competitive-rate financing using your home’s equity as collateral.

  • Competitive rates with low closing costs
  • The existing equity in your home is used as collateral
  • Borrow up to 90% of value of your home
  • Use for several short-term or one-time needs:
    • Education Expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The interest paid might be tax deductible**
  • Local decision-making and processing of your loan request
  • Detailed, friendly service from start to finish

 

  • 3.74% APR* fixed rate for the first year
  • 20-year term (10 year draw period then a 10 year repayment period)
  • Interest only payments for the first 10 years
  • No closing costs on HELOCs over $20,000 unless an appraisal is needed
  • Revolving credit – as principal is repaid, more becomes available for use without having to reapply
  • Funds easily available via check, debit card, or online transfer
  • The interest paid might be tax deductible**
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing of your loan request
  • Detailed, friendly service from start to finish

*APR=Annual Percentage Rate

**Consult a tax advisor.