Introductory 2.74% APR for the first 12 months; then variable APR applies, currently 3.25% APR1
A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your home, allowing you to access the available equity you have in your home. The amount you borrow is based on the difference between the debt secured by your home and its market value.
With an equity line, you can borrow as much or as little as you need, whenever you need it, up to a credit limit established at closing. As you repay your outstanding balance, the amount of available credit is replenished, which means you can borrow against it again, if needed.
Fixed rate options available.
Our fixed rate option offers the predictability and stability you need.
Consider the benefits:
Easy online application with fast approvals
Easy access through convenience checks and online or mobile transfers
Interest rates are typically lower than other credit options
A few ways to put the equity in your home to good use:
Renovate Your Home
As a homeowner, you can tap into the equity you’ve built with a revolving line of credit to finance home renovations.
If you are working to pay off multiple debts, using the equity in your home could be a good option to help you consolidate your payments. Especially if your other debts – like student loans and credit cards – have a higher interest rate.
If you have built up equity in your home, you can use it to help you with life’s big purchases, like new cars, vacations, or an unexpected emergency.
1. All loans are subject to credit approval. 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.
2. Please consult your tax advisor about the deductibility of interest.