Loans & Credit

Home Equity Loans and Lines of Credit

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If you own your home, you may have a substantial cash reserve right under your roof!


In case you haven’t noticed, home values are starting to rise again. You may have more equity in your home than you thought! If you see big expenses on the horizon, it may be time to open that line of credit.

So, dust off your equity and put it to work. You can use your home equity loan or line of credit to provide the funds to consolidate bills and get your financial house in order for the New Year. Turn many bills into just one that’s easier to manage. You‘ll get a great rate, a lower monthly payment and no closing costs, too!


  • Credit Line to $250,000
  • Available Line is replenished as you make payments
  • 4.00% APR* variable rate as of 7/1/15
  • Fixed payments: just $10/$1,000
  • Tax-deductible interest (ask your tax adviser if you’re eligible)

We can set you up with a line good for 80-90% of your home’s appraised value minus your remaining mortgage balance — up to a limit of $250,000. Whatever amount you’re approved for, you’ll only pay interest on what you actually use. Your rate will be variable, but always competitive, and your payments will be fixed at $10/$1000 borrowed. As you make your payments, your available credit will be replenished. You can then borrow against it again whenever you need to. Anytime!

And, don’t worry about closing costs. They’re always on us!

*APR= annual percentage rate. Home Equity Line of credit is variable rate, open-end loan. Your actual rate may vary and is based on your credit score. Not all applicants will qualify for lowest rate. The maximum rate is 18% APR. Rates are subject to change without notice. Loans are made only on personal residences within 150 mile radius of our main office. Property insurance required. Repayment of closing cost required if loan is paid off within three years. Minimum loan is $10,000. Other restrictions may apply. Ask for details.


If you’re not interested in a line of credit, get a home equity loan with a single disbursement of loan proceeds. There’s still no closing cost, but the rate is fixed for the entire term and you can choose a 5 or 10 year repayment period. The current rate is 5.99% APR** effective as of 7/1/15.

** APR= annual percentage rate. Home Equity Loan is a fixed rate, closed-end loan. Rates are subject to change without notice. The minimum loan is $10,000 and the maximum loan is $50,000. Sample payment for $50,000 borrowed for 60 months at 5.99% APR is $966.20. Home Equity Loans can only be made on personal residences within a 150 mile radius of our main office. Property insurance is required. Repayment of closing costs is required if the loan is paid off within 3 years. The interest you pay may be tax deductible. Ask your tax adviser if you are eligible. Other restrictions may apply.

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