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Home Equity Line of Credit Disclosures & Details

The current prime rate is: 8.50%. Rates effective as of December 27, 2023. Rates subject to change at any time.


  • Payment example: 8.25% for 10 years equals $12.27 per $1,000 borrowed.
  • Property insurance is required.
  • Annual Percentage Rate is based on a combination of your credit score and loan to value. Your actual rate may be higher.
  • The rate is adjusted monthly according to the Prime Rate as published in the Wall Street Journal on the third Thursday of each month.
  • The maximum Annual Percentage Rate that may be imposed in a variable-rate plan is 18.00%
  • The floor rate is 3.50% APR
  • To open a line of credit, there may be certain fees paid to third parties at closing. Unless otherwise noted, these fees generally total between $0 and $1,000.00.
  • Monthly payments are by default interest-only: Any excess payment will be applied to the principal balance after the accrued interest is satisfied (relative to the date of payment).
  • Additional principal-only payments may be made on an individual basis by calling our Contact Center at 800.852.5886, or by mailing in a check that indicates "principal-only" in the memo line.


Have easy access to your money with all of these benefits:

  • Borrow up to 90% of your home's equity
  • Advances can be made by phone or through online banking
  • Home Equity Checks are available for easy payment to contractors, electricians, and others
  • No application or annual fee
  • No pre-payment penalties
  • No closing costs for Home Equity Lines of Credit provided the initial credit line is maintained for a minimum of two years.

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