12 month introductory period on Home Equity Lines of Credit (HELOC) with minimum $5,000 new money required. Introductory period runs for 12 months after line agreement date. Rates effective as of 4/1/2015 and are subject to change without notice. This is a variable rate loan. At end of introductory period the variable APR will be calculated using the Wall Street Journal Prime Rate (WSP) on Loan to Value (LTV) less than or equal to 80% or WSP + 1.0% on LTV more than 80% with a floor of 4.00%. WSP was 3.25% as of 4/1/2015. The maximum APR is 15% after the intro period ends. The HELOC must be secured by a first or second position mortgage on a primary or secondary, owner occupied residential property. Property insurance will be required. Subject to credit approval.
We have great rates available on our Home Equity term loans as well!