Home Equity Line of Credit

What's a Home Equity Line of Credit?

A home equity line of credit (HELOC) is a convenient, flexible and low-cost way to borrow money. A HELOC is a variable rate line of credit borrowed against your home's equity. A HELOC borrows off your home equity. You can pay back the credit used and continue to access it as you would any revolving credit. You can use a HELOC for just about anything you want, including home renovations, finance your kid’s education, or any other expense.

HELOC Benefits:

  • A great way to finance large expenses
  • Borrow as little or as much as you need, when you need it.
  • Easy access: Take advances on our line of credit using online banking, by phone or over the counter at any of our branches.
  • Possible tax advantages, including deductible interest (please consult your tax advisor)

Home Equity Line of Credit



As low as 5.25% (variable rate)

Index / Base Rate

WSJ Prime Rate

Current Base Rate (as of 4/1/2018)



5 year draw period followed by a 15 year payback period


Interest only during draw period, Prin. & Int. during payback period

Loan to Value

Up to 85% (restrictions apply)