Home Equity Loans and Home Equity Lines of Credit (HELOC)
Take advantage of the equity in your home. Use it to cover life’s larger expenses like medical bills, college tuition, a special vacation or to consolidate credit card debt.
PLUS - Our experienced loan officers will assist you in selecting the loan that is right for you.
Home Equity Line of CreditBest choice for those who need ongoing access to funds. |
Home Equity LoanBest choice for those who want a one-time payout with predictable fixed payments. |
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1 Annual Percentage Rate. APRs assume excellent credit history and includes a 0.50% APR discount for automatic payments with the fixed rate home equity loan. Your actual APR will be determined when a credit decision is made and may be higher than the lowest rate available. Rates and terms are current as of November 17 2011 and are subject to change without notice.
Home Equity Line of Credit - Variable interest rate based on the Wall Street Journal Prime Rate (Index plus a margin ranging from 0% to 2% as determined by credit). As of 12/17/2008 Prime Rate is 3.25%. Rate subject to change without notice. Maximum combined loan to value cannot exceed 80%. Maximum credit line cannot exceed 50% of property value. Maximum APR not to exceed 18%. Minimum draw request is $4,000 (Texas only). Discounts do not apply. Floor rate 4.25%. Collateral must be borrower's primary residence.
Fees that may apply are appraisal, flood determination, recording fees, and title insurance. Closing costs vary by state. Property and flood insurance may be required. Consult your tax advisor regarding tax deductibility.
Today's Home Equity Loans and HELOC Rates?APR1 As Low As |
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| Loan Type | 60 Months | 120 Months | 180 Months |
| Home Equity (Fixed Rate) |
6.00% | 6.75% | 7.25% |
| 10 Year Draw Period | |||
| HELOC (Variable Rate) |
4.25% | ||
