Home Equity Line of Credit

We're here to keep you moving forward

Get the extra cash you need for a variety of personal expenses, home improvements (including the addition of solar panels, charging stations, composting systems, HVAC systems that run on electricity or solar power), debt consolidation, etc.

Using this type of loan, you can borrow from the lendable equity in your home to pay for what you need.

Borrow from your available credit anytime!

Borrow up to 80% of your home’s value

Some restrictions apply

No prepayment penalty

Easy access to your funds

Home Equity Line of Credit

( 1% HELOC Program )

Get the extra cash you need for a variety of personal expenses, home improvements (including the addition of solar panels, charging stations, composting systems, HVAC systems that run on electricity or solar power), debt consolidation, etc.

Using this type of loan, you can borrow from the lendable equity in your home to pay for what you need.

  • Borrow up to 80% of your owner-occupied home’s value (some restrictions apply)
  • As you repay the principal balance, your available credit is replenished
  • Borrow from your available credit throughout a 7-year draw period
  • No prepayment penalty
  • Easy access to funds as you need them using online or mobile banking
  • Application to closing — approximately two weeks
  • Interest may be tax-deductible*

How much can I borrow? (1% HELOC Product)

Combined 1st & 2nd MortgagesMax Loan to Value
Up to $500,00080%
$500,001 to $1,000,00070%
$1,000,000 & Greater60%

Example:

Appraised Value is $150,000 x 80% = $120,000
– Less the 1st Mortgage Balance of $65,000


Available Lendable Equity will be $55,000

Information is subject to change without notice

READY TO APPLY FOR YOUR LOAN?

Stephanie

Vice President, Consumer Lending

Call Stephanie for more details!

405.242.2843 | Email Stephanie

NMLS #500493

Stephanie's headshot
Adam H. headshot

Adam

Assistant Vice President, Consumer Lending

Call Adam for more details!

405.242.2874 | Email Adam

NMLS #2376807

Brittney

Consumer Lending Loan Assistant

Call Brittney for more details!

405.242.2839 | Email Brittney

NMLS #1927734

Headshot of Brittney

Questions about our loans?

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