Enjoy a special introductory rate of 2.99%APR for the first 12 months.1
1 Introductory Annual Percentage Rate (APR) of 2.99% for the first 12 months from loan origination date. Offer valid for applications received through 7/31/2020. The APR after the introductory period is variable and is based on the Prime Rate as published the 25th day of the month prior to the date of the interest adjustment as quoted in the Money Rates column of the Wall Street Journal (the index) and adjusted by subtracting up to 0.50% APR or adding up to 3.75% APR (the margin) depending on credit qualifiers and loan to value (LTV) ratio (from when loan originated), but will not be lower than 4.50% APR. As of July 2, 2020, the variable APR for the HELOC4 is 4.50% - 7.00% and is subject to change without notice. The interest rate will not exceed 18.00% APR. The Wall Street Journal Prime on March 25, 2020, was 3.25%. Existing HELOC4 loans can only be refinanced to a lower rate if an additional $15,000 is added to the credit limit. Closing costs vary by state, but typically range from $50 to $1,000 (not including the cost of appraisal, if required). Typical appraisal cost is $495. HELOCs are only available in select states and require proof of homeowners insurance. Equal Housing Lender.
Home Equity Line of Credit (HELOC)
APR as low as based on LTV
Effective July 2, 2020
||Up to 80%
||Up to 90%
Home Equity loans available in select states only. The 4.50% Annual Percentage Rate (APR) is available with qualifying credit and a loan to value (LTV) of 80% or less. Higher rates apply to higher loan to values. The APR will vary based on an index. The index is the Prime Rate as published the 25th day of the month prior to the date of the interest adjustment in the Money Rates column of the Wall Street Journal. As of July 2, 2020 the variable APR for lines of credit is 4.50% - 7.00%. The rate is subject to change, but will not exceed 18%. The minimum rate is 4.50%. Closing costs typically range from $50 to $1,000 (not including the cost of an appraisal, if required). Typical appraisal cost is $495. There is an over-the-limit charge of $10. Property insurance is required. For detailed product information, please view the HELOC4 Early Disclosure.