When it comes to using your home’s equity to fund your goals, you have options. Whether you prefer a fixed monthly payment or having a revolving line of credit to use as you need it, we can help.
Home equity lines of credit (HELOC) and home equity installment loans (HELoan) typically have lower interest rates than a standard credit card, which helps you save money in the long run. Each choice has advantages, but one thing is certain: you can take advantage of the equity in your home to make renovations, home improvements, take a trip, or even further your education.
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Home Equity Line of Credit
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Home Equity Installment Loan
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Available to homeowners with equity
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Rates as low as
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Promotional rates as low as 6.99% APR. Additional loan benefits available with our relationship-based accounts.
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Rates as low as 7.35% APR. Additional loan benefits available with our relationship-based accounts
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Variable or Fixed rate
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Variable with rate lock option
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Fixed rate
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Flexible repayment options
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Yes
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No
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Closing costs and/or origination fees
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$0
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$0
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Payment options
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Variable payment options
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Fixed monthly payments
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Access to funds
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Ongoing
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Lump sum
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Terms
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10-year draw and 15-year repayment
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Up to 25-year repayment
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Lower rates than unsecured lending
Credit cards or personal loans are considered unsecured lending options.
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1 APR = Annual Percentage Rate. Introductory rates start at 6.99% for the first 6 months. $10,000 minimum loan amount or increase to existing line required. Eligible on owner occupied properties only. Must apply by June 30, 2024 for promotional rate. Non-promotional rate ranges from 8.35% to 11.80% APR. All loans subject to credit review and approval and rates are subject to change without notice. For additional information on loan benefits, please view our checking account options.
2 Rates range from 7.35% to 10.75% APR. Your final rate will be determined based on your loan amount, term, and credit score. APR = Annual Percentage Rate. All loans are subject to credit review and approval and rates are subject to change without notice. For additional information on loan benefits, please view our checking account options.
3 Rates and terms vary depending on lien position, occupancy, loan-to-value, property type, credit score, and debt-to-income. $75 annual fee after first anniversary. The applicable interest rate is based on loan amount, credit score, and term. The applicable interest rate is indexed to the Wall Street Journal (WSJ) Prime Rate and is subject to change with the WSJ Prime Rate. The interest rate will not exceed 18%. For a fee of $100, borrowers may lock all or a portion of the outstanding balance for a fixed term at a fixed rate. Home Equity Lines of Credit have a Draw Period and Repayment Period. During the Draw Period, the minimum monthly payment is interest only. At the end of the Draw Period, the Repayment Period begins. During the Repayment Period, the principal balance, excluding previously locked amounts, is amortized over a period of 15 years, which may increase the monthly payment previously due. No closing costs and/or origination fees on Home Equity Lines of Credit on owner occupied residences. There is an origination fee of $1,250 on non-owner occupied properties.
4 Rates and terms vary depending on lien position, occupancy, loan-to-value, property type, credit score, and debt-to-income. The applicable interest rate is fixed. No closing costs and/or origination fees on Home Equity Installment Loans on owner occupied residences. There is an origination fee of $1,250 on non-owner occupied properties. All loans subject to credit review and approval and rates are subject to change without notice. Additional loan benefits may apply. For additional information on loan benefits, please view our checking account options.
All loans subject to credit review and approval.
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