HELOCK Rates

*Rates subject to change with out notice.

1. After the six-month introductory period the rate will revert to the floor rate of 3.99% or the Prime Rate as published in the Wall Street Journal plus or minus a margin whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of February 20, 2023, Prime Rate was 7.75% and the lowest variable rate available is 7.25% APR. The APR will not vary above 18% APR nor below 3.99% APR. Interest only HELOCKs have higher rates. Offer only applies to new Home Equity Lines of Credit opened on or after 4/17/2017. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Closing costs range between $300-$3,800. Consult a tax advisor regarding deductibility of interest and fees.
2. APR is Annual Percentage Rate. Your rate may vary based on your creditworthiness, loan-to-value ratio and repayment option.
3. Lock-in feature allows up to five fixed-rate amounts at any one time. Monthly payment for fixed-rate is based on payment per $1,000 for term and rate shown above. First rate lock is free; $35.00 for each additional. Minimum fixed-rate loan amount is $5,000.
4. VPR is Variable Periodic Rate. VPR is subject to change monthly. Your rate may vary based on your creditworthiness, loan to value ratio and repayment option. Minimum line of credit amount is $10,000. If a balance remains on the line of credit at the maturity of the 20 year mortgage, a balloon payment may result. MINIMUM PAYMENT EXAMPLE: If you made only the minimum monthly payment and took no other credit advances, it would take 10 years to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 3.99%. During that period, you would make 119 payments of $101.20 and one (1) final payment of $101.20.

*Rates subject to change with out notice.

1. After the six-month introductory period the rate will revert to the floor rate of 3.99% or the Prime Rate as published in the Wall Street Journal plus or minus a margin whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of February 20, 2023, Prime Rate was 7.75% and the lowest variable rate available is 7.25% APR. The APR will not vary above 18% APR nor below 3.99% APR. Interest only HELOCKs have higher rates. Offer only applies to new Home Equity Lines of Credit opened on or after 4/17/2017. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Closing costs range between $300-$3,800. Consult a tax advisor regarding deductibility of interest and fees.
2. APR is Annual Percentage Rate. Your rate may vary based on your creditworthiness, loan-to-value ratio and repayment option.
3. Lock-in feature allows up to five fixed-rate amounts at any one time. Monthly payment for fixed-rate is based on payment per $1,000 for term and rate shown above. First rate lock is free; $35.00 for each additional. Minimum fixed-rate loan amount is $5,000.
4. VPR is Variable Periodic Rate. VPR is subject to change monthly. Your rate may vary based on your creditworthiness, loan to value ratio and repayment option. Minimum line of credit amount is $10,000. If a balance remains on the line of credit at the maturity of the 20 year mortgage, a balloon payment may result. MINIMUM PAYMENT EXAMPLE: If you made only the minimum monthly payment and took no other credit advances, it would take 10 years to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 3.99%. During that period, you would make 119 payments of $101.20 and one (1) final payment of $101.20.

*Rates subject to change with out notice.

1. After the six-month introductory period the rate will revert to the floor rate of 3.99% or the Prime Rate as published in the Wall Street Journal plus or minus a margin whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of February 20, 2023, Prime Rate was 7.75% and the lowest variable rate available is 7.25% APR. The APR will not vary above 18% APR nor below 3.99% APR. Interest only HELOCKs have higher rates. Offer only applies to new Home Equity Lines of Credit opened on or after 4/17/2017. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Closing costs range between $300-$3,800. Consult a tax advisor regarding deductibility of interest and fees.
2. APR is Annual Percentage Rate. Your rate may vary based on your creditworthiness, loan-to-value ratio and repayment option.
3. Lock-in feature allows up to five fixed-rate amounts at any one time. Monthly payment for fixed-rate is based on payment per $1,000 for term and rate shown above. First rate lock is free; $35.00 for each additional. Minimum fixed-rate loan amount is $5,000.
4. VPR is Variable Periodic Rate. VPR is subject to change monthly. Your rate may vary based on your creditworthiness, loan to value ratio and repayment option. Minimum line of credit amount is $10,000. If a balance remains on the line of credit at the maturity of the 20 year mortgage, a balloon payment may result. MINIMUM PAYMENT EXAMPLE: If you made only the minimum monthly payment and took no other credit advances, it would take 10 years to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 3.99%. During that period, you would make 119 payments of $101.20 and one (1) final payment of $101.20.