HELOC

Money Available When You Need It

Use the equity you've built in your home for major purchases, repairs or renovations.

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Benefits of a Home Equity Line of Credit

Easily and conveniently access your HELOC1 through convenience checks and online or mobile transfers. Interest paid may be tax deductible.2 Use your HELOC for:

Debt Consolidation

Unexpected Major Expenses

Home Improvements, Repairs and Renovations

Fixed and Variable Rate HELOC Options

Fixed and Variable Rate HELOC Options

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How It Works

How It Works

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Icon for How It Works
  • You may draw or borrow against your HELOC as often or as little as you need during the term of your HELOC.
  • Depending on your payment option, minimum payments will equal interest only, 1%  of the outstanding balance or $100 whichever is greater, with a final balloon payment at maturity.  
  • Prior to maturity, you may apply to renew the term of your HELOC. Contact us today to discuss  available options.
HELOC Options Variable Rate Fixed Rate
Terms 120 months 60 months, 120 months 
Monthly Payments Interest only or 1% of outstanding balance ($100 minimum) with a final balloon payment. Interest only or 1% of outstanding balance ($100 minimum) with a final balloon payment.
Loan to Value (LTV)  80% maximum LTV  80% maximum LTV
Collateral Requirements Primary Residence Primary Residence
Terms
Variable Rate 120 months
Fixed Rate 60 months, 120 months 
Monthly Payments
Variable Rate Interest only or 1% of outstanding balance ($100 minimum) with a final balloon payment.
Fixed Rate Interest only or 1% of outstanding balance ($100 minimum) with a final balloon payment.
Loan to Value (LTV)
Variable Rate  80% maximum LTV
Fixed Rate  80% maximum LTV
Collateral Requirements
Variable Rate Primary Residence
Fixed Rate Primary Residence
The Loan Process

The Loan Process

APPLY ONLINE:
You can apply for a Home Equity Line of Credit online or by visiting a SouthState branch. Closing is generally in 30 to 45 days.

SUBMIT YOUR DOCUMENTS:
You may receive an email requesting additional financial information once your application has been received.

SIGN YOUR DOCUMENTS
Once approved, you will need to sign the loan documents with an attorney or at your nearest SouthState branch. We can arrange a time that works best with your schedule.

Stories and Insights


  1. All loans are subject to credit approval.
  2. Please consult your tax advisor about the deductibility of interest.
  3. 2.74% APR (Annual Percentage Rate) will be fixed for the first 12 months (introductory period). After the introductory period, the interest rate will be variable and based on the Wall Street Journal U.S. Prime Rate (WSJ Prime) which is 3.25% as of March 16, 2020. The minimum APR is 3.25% and maximum APR is 16.00%. Maximum term 120 Months (35 Month maturity option available in the state of Georgia). Minimum loan amount $10,000. Minimum advance of $10,000 required at closing. Offer is for primary residences only. Exclusions and limitations apply. Payment options include interest only, 1.00% of the outstanding balance or $100, whichever is greater, with outstanding interest, principal and any applicable fees due as a final balloon payment at maturity. Hazard insurance is required; flood insurance may apply. Estimated closing costs range from $655 to $1,680, which includes, but not limited to, appraisal, flood determination and attorney fees. Offer subject to change or cancellation without notice.
  4. 3.25% APR (Annual Percentage Rate) is variable and subject to change based on the Wall Street Journal U.S. Prime Rate (WSJ Prime) which is 3.25% as of March 16, 2020. The minimum APR is 3.25% and maximum APR is 16.00%. Maximum term 120 Months (35 Month maturity option available in the state of Georgia). Minimum loan amount $10,000. Minimum advance of $10,000 required at closing. Offer is for primary residences only. Exclusions and limitations apply. Payment options include interest only, 1.00% of the outstanding balance or $100, whichever is greater, with outstanding interest, principal and any applicable fees due as a final balloon payment at maturity. Hazard insurance is required; flood insurance may apply. Estimated closing costs range from $655 to $1,680, which includes, but not limited to, appraisal, flood determination and attorney fees. We may pay certain third party closing costs up to $750 on your behalf. However, if your HELOC is closed within thirty (30) months of the opening date, you must reimburse us for the closing costs paid by us on your behalf. Reimbursement of closing costs does not apply if the HELOC is originated by a North Carolina resident. Offer subject to change or cancellation without notice.
  5. 5.25% APR (Annual Percentage Rate) is a fixed rate for a five year period. The APR is accurate as of 03/16/2020 and is subject to change at any time. Maximum term 60 Months (35 month maturity option available in the state of Georgia). Minimum loan amount $10,000. Minimum advance of $10,000 required at closing. Offer is for primary residences only. Exclusions and limitations may apply. Payment options include interest only, 1.00% of the outstanding balance or $100, whichever is greater with outstanding interest, principal and any applicable fees due as a final balloon payment at maturity. Hazard insurance is required; flood insurance may apply. Estimated closing costs range from $655 to $1,680, which includes, but not limited to, appraisal, flood determination and attorney fees. We may pay certain third party closing costs up to $750 on your behalf. However, if your HELOC is closed within thirty (30) months of the opening date, you must reimburse us for the closing costs paid by us on your behalf. Reimbursement of closing costs does not apply if the HELOC is originated by a North Carolina resident. Offer subject to change or cancellation without notice. 

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