Home Equity Line of Credit Promotion for 12 mo.
Tap into your home’s value
Buying a car, taking a vacation, getting new furniture or even consolidating debt. A Consumers home equity line of credit (HELOC) let's you use your home's equity to get the things you care about. With a HELOC, you are able to take out a loan against the current value of your home and borrow up to a certain amount. The loan uses a revolving credit line so you are able to charge and pay the loan back as you go.
For a limited time, we're offering an introductory 5.99% APR* for 12 months HELOC! After which, the rate will adjust to as low as 8.50% APR.
APPLY NOW
12-month introductory rate of 5.99%* | Rate adjusts as low as 8.50% APR after promo period
The Rundown
Flexible open line of credit that can be used and paid on for an ongoing basis.
- Interest may be tax deductible
- Can link directly to your checking account as overdraft protection
- Rates typically less than credit cards
- If not using any funds, there are no charges
Rates and terms
Draw Period – 10 years; Variable rate; Variable payment, interest only
Repayment plan – 20 years; Variable rate; Variable payment; Principle and interest payments
All loans subject to approval. Rates, fees and terms subject to change and may be terminated at any time. Consult a tax advisor regarding the deductibility of interest.
*This promotional, introductory Annual Percentage Rate (APR) applies only to new loans and collateral. Rate is effective as of April 19, 2024. The plan will convert to variable rate after the first 12 months. The APR is based on the WSJ prime rate (currently 8.50%) and may adjust monthly. After the introductory period, the APR can range from 3.25% to 22.99%. Approval and rate may vary based on credit history, term and security offered. Minimum qualifications for the introductory rate include 85% maximum combined loan to value and a minimum credit score of 660. Other restrictions may apply. Early termination fee of $300 if closed within first 24 months. Loan programs, rates, terms and conditions are subject to change at any time without notice. Third party closing fees may apply; contact us for a good faith itemization of such fees. Proof of acceptable hazard insurance will be required.
