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Home Equity Rates

Home Equity Line of Credit (HELOC)

Updated On January 27, 2023 10:34 AM

Program Intro APR* Index (Prime)1 APR* Margin2
HELOC (credit score >719) 4.99% 7.50%7.50%0.000%

Fixed Intro APR* as low as 4.99% valid for first 12 months; after which will change to the regular rate. “Regular” rate after intro rate is variable. Loan subject to borrower and property qualifications, not all applicants may be approved. 

1. The variable APR is based on The Wall Street Journal Prime Rate (the “Index”) plus a margin. This rate may vary with changes in the Prime Rate. The maximum APR that can apply is 18.00%. The minimum credit limit and loan amount is $25,000; maximum is $250,000. 10-year draw period followed by a 15-year repayment period.

2. Margin – Your margin may vary depending on your credit score. Margin ranges between 1% - 2%.

Fixed Home Equity Loan amounts up to $100,000

Updated On January 27, 2023 10:34 AM

Program Rate APR* Fee # Monthly Payments Monthly Payment
15-year Fixed Home Equity Loan9.750%9.864%$695.00180$1,059.36
20-year Fixed Home Equity Loan10.125%10.219%$695.00240$973.32

180 Month Payment example based on a loan amount of $100,000.
240 Month Payment example based on a loan amount of $100,000.

Fixed Home Equity Loan amounts from $100,001 to $250,000

Updated On January 27, 2023 10:34 AM

Program Rate APR* Fee # Monthly Payments Monthly Payment
15-year Fixed Home Equity Loan9.875%9.922%$695.00180$2,667.43
20-year Fixed Home Equity Loan10.250%10.288%$695.00240$2,454.11

180 Month Payment example based on a loan amount of $250,000.
240 Month Payment example based on a loan amount of $250,000.