Home Equity Options
Home Equity Line of Credit Current rates
- Regular Variable Rate - 7.00% APR*
- Based on index and margin
- 1st or 2nd position
- Maximum Loan to value of 80%
*Annual Percentage Rate. The regular variable rate is subject to change quarterly based on an index i.e., the Prime Rate (currently 7.00%) as published in the Wall Street Journal 45 days prior to each change of January 1, April 1, July 1 and October 1 of each year plus a margin of 0%. The regular variable rate in effect as of 11/03/22 is 7.00%. The minimum APR is 4.00% and the maximum APR is 18%. The minimum Home Equity Line of Credit amount is $10,000.00 and fees to establish the plan are generally between $250 - $600.
Fixed Rate Home Equity Loan
Our Fixed Rate Home Equity Loan is a closed end, 1st position loan with terms available for up to 15 years. This is an ideal loan for that one-time major home renovation project, land purchase or debt consolidation. It offers a fixed interest rate over the term of the loan.