Use the equity you've built in your home for major purchases, repairs and renovations.
A Home Equity Line of Credit (HELOC) is a revolving line of credit2 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.
1. 3.49% 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 5.00% as of September 19, 2019. The minimum APR is 4.50% 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. Exclusions and limitations apply. Payment options include interest only, 1.00% of the outstanding balance or $100, whichever is greater, with a final balloon payment due 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. All loans are subject to standard credit underwriting and approval requirements.
3. Please consult your tax advisor about the deductibility of interest.