Home Equity Products
Line of Credit (current rate)
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Allows you to borrow up to 80%* of the value of your owner occupied property (less any existing liens)
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Funds are accessed by writing a check of $500 or more as a draw on the loan
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Draw term of 10 years with a minimum payment of interest only or $50 whichever is greater.
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In most cases, interest paid on a HELOC is tax deductible. Please consult your tax advisor for specific details.
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Minimum loan is $5,000, maximum loan is $100,000
- Maintenance fee of $40 due on the first anniversary date and annually thereafter
Home Equity Installment Loan (current rates)
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Available on owner occupied properties allowing you to borrow up to 80%* of the value of your home (less any existing liens).
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These are installment loans with a set monthly payment and term from 1-15 years.
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We offer both fixed and variable rates.
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In most cases, interest paid on a home equity loan is tax deductible. Please consult your tax advisor for specific detail
*A new appraisal may be necessary at an approximate cost of $350.
