« Return to News

Home Equity Line of Credit

Home Equity Line of Credit


Build Up Your Home. Or Your Future.
For many homeowners, the equity in their home remains the lowest cost way to fund some big expenses in life, from making home improvements to consolidating high cost debt to paying for college—and more!

Not only is the interest rate lower than with most other types of loans, the loan amounts can be larger and payments can be kept smaller through longer, more flexible terms.

The low-cost way to borrow.
A Trailhead Home Equity Line of Credit keeps your financing costs to a minimum:

  • No Closing Costs*
  • Rates are as low as 3.75%* *
  • No annual fee or loan origination fee
  • Interest may be tax deductible
    (consult your tax advisor)

Easy access to your money.
Borrow only what you need, whenever you need it, up to your approved credit limit. To access your line of credit, simply make a transfer to your checking account via Online Banking or Mobile Banking. You can also call to make a transfer or request to have a check mailed to you.

Apply online, in-person, or by phone.

*No Closing Costs offer is valid 6/1/2017-8/31/2017 on home equity lines of credit up to $99,999.99 with total liens less than $250,000. For loans above $100,000 and/or total liens above $250,000, property appraisal and title insurance costs (ranging from $0 to $1500) may apply. Property and flood insurance may be required.

**Variable rate is based on the Prime rate as published in the Wall Street Journal on the first day of the month and subject to change on the first day of the following month. 3.75% floor; 18% ceiling. 3.75% is as of June1, 2017 and subject to credit approval and complete terms of loan disclosures. The rate for an individual loan is based on your credit history and current credit report and term of the loan. Repayment is $50.00 per $5,000 (or any portion thereof) of the outstanding principal balance at the time of the last advance. After the 10-year draw period, the payment will be based on a 15-year amortization.

Comments are closed.