Home Equity Line of Credit

A Home Equity Line of Credit allows you to borrow up to 90% of the value of your owner occupied property (less any existing liens). The funds are accessed by writing a check of $500 or more as a draw on the loan. HELOC's have a draw term of 10 years with a minimum payment of interest only or $50 whichever is greater. In most cases, interest paid on a HELOC is tax deductible. Please consult your tax advisor for specific details.

Major loan terms and conditions are:

• The maximum LTV is 90%
• Minimum loan is $5,000
• Maximum loan is $100,000
• Annual Maintenance fee $40

HELOC'S can be used to:

• Purchase a car
• Pay for tuition
• Consolidate bills
• Home Improvements
• Pay for a vacation

Call or e-mail one of our Loan Officers for more information.

Check out our Home Equity Rates for current rates on our home equity loans.