Home Equity Line of Credit
Special Offer! 3.29%APR
Intro rate for 9 months.1
Variable rate after 9 months.1
Improve Your Home
Pay College Tuition
Pay for a Wedding
Take advantage of our new introductory rate and get your projects off to a fast start. Now you can use the equity in your home to finance those important projects at a reduced rate of 3.29% APR for 9 months.1
To benefit from this special offer you must apply for an ESSA Home Equity Line of Credit by November 16.
Here are some of the details:
This offer is available for new Home Equity Lines of Credit (HELOC). All loans are subject to credit approval. Other rates and terms available.
1The introductory APR of 3.29% will apply to the first (9) billing cycles after your Home Equity Line of Credit is opened, after which the APR will be a variable rate based on the Wall Street Prime Rate as published the last business day of the month (APR 5.25% as of 10/9/18). This is our standard APR; your approved APR may vary based on credit qualification and appraisal requirements. Maximum interest rate is 18.00%, with a floor of 3.75% after the 9-month introductory period. Existing ESSA HELOC customers require a new line of credit with a minimum $25,000 increase to qualify for this introductory APR promotion.
2Line must be secured by an owner occupied 1-2 family dwelling, not currently listed for sale, maximum LTV of 75% (70% if non-ESSA first lien). Minimum line amount is $10,000 and maximum line amount is $250,000 ($200,000 if non-ESSA first lien). Line can be drawn on for a 10-year period with the required minimum monthly payment, the greater of, $100 or monthly interest. After the 10-year draw any outstanding loan balance is amortized over 120 months with the variable APR. Annual fee is $25 (waived for the first year).
Approved borrower is responsible for mortgage recording fees at account opening which range from $73 to $200 and are based on collateral location. Property insurance and flood insurance, if applicable, are required. This is a variable rate which may increase. This offer is accurate as of 10/9/18 and may be discontinued at any time without notice.
3Consult with your tax adviser for eligibility.