HOME EQUITY LINE OF CREDIT
Use what you’ve built for what matters now.
Flexible funds, backed by your home
A Home Equity Line of Credit, or HELOC, lets you borrow against the available equity in your home. Once approved, you can access funds from your available credit line as needs come up. This can make a HELOC helpful for projects or expenses that happen over time instead of all at once.
Access funds as you need them
Use your approved credit line when an eligible expense comes up, rather than borrowing the full amount at one time.
Take on home projects
Use available funds for renovations, upgrades, repairs, and other approved needs.
Borrow against available equity
Your available credit will depend on factors including your home’s value, the amount you currently owe, and your qualifications.
Consolidate Debts
Use the equity in your home to simplify your monthly payments and potentially lower your interest rates into one manageable payment.
Check out our current rate options
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Loan to Value |
Annual Percentage Rate (APR) as low as* |
Rate Type |
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* Annual Percentage Rates are variable and are tied to the Federal Reserve Board Prime rate + a margin depending on credit score and loan to value. Rates can adjust twice a year in February and August, based on the prime rate published in the Wall Street Journal in January and July. |
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Loan to Value Up to 80% |
Annual Percentage Rate (APR) as low as* 7.00% |
Rate Type Monthly adjustable rate |
Ready to put your home’s equity to work?
Apply for a Home Equity Line of Credit and get flexible access to funds for renovations, repairs, and other approved needs.
A straightforward way to get started
Tell us about your plans
Talk with our mortgage team about your home, what you hope to accomplish, and how you expect to use the funds.
Review your options
We’ll review your credit, available equity, and other application details to determine the credit line and terms you may qualify for.
Understand the costs
Before you move forward, review the variable rate, possible fees, payment requirements, and other terms included in your agreement.
Access approved funds
Once your line is open, you can access available credit as eligible needs come up, subject to the terms of your agreement.
Frequently Asked Questions
Home equity is the difference between your home’s current value and the amount you still owe on loans secured by the property.
A HELOC is a revolving line of credit secured by your home. You can access available funds up to your approved limit during the borrowing period described in your agreement.
You may be able to use your available credit for renovations, upgrades, repairs, and other approved needs. Talk with our mortgage team about what you have planned.
The amount available to you will depend on your home’s value, how much you currently owe, your credit, and our loan-to-value requirements. We’ll review those details when you apply.
No. Our HELOC rate is variable. It is tied to the prime rate plus a margin based on your credit score and loan-to-value.
The rates may adjust twice a year, in February and August. Adjustments are based on the prime rate published in January and July.
A HELOC is a line of credit rather than a single lump-sum loan. You can access approved funds as needed, subject to the borrowing limits and terms in your agreement.
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