Home Equity Line of Credit1
Use the current equity in your home to take advantage of life’s new opportunities or to handle its unexpected challenges:
It’s your home equity. Use it however you like.
- Home Improvements
- Debt Consolidation
- New Car or RV
- And more!
Speak with a Home Equity Specialist
One of our home equity specialist will contact you and answer any questions you may have to help turn your home's equity into cash.
Variable Rate Home Equity Line with 6-Month Introductory Rate
1 Home Equity Lines of Credit (HELOC) are available to qualified applicants on new owner occupied conforming residential real property in first or second lien position up to a 80% maximum loan to value for primary residences, or 70% maximum loan to value for second homes. Second liens may not be written behind an existing HELOC. Standard closing costs generally range from $450 to $2,500 on home equity lines. Subordination fees to other lenders vary and apply on all line amounts. The standard $75.00 Annual HELOC line fee will apply. Property insurance is required. A prepayment fee of 2% of maximum credit limit or $500, whichever is less, applies if the credit line is paid off and closed prior to the three year anniversary date of the credit agreement.
2 2.49% Fixed Introductory Annual Percentage Rate (APR) for 6 months on new Home Equity Line of Credit applications for qualified applicants who apply by March 31, 2017. Fixed Introductory APR is available for new approved Home Equity Line of Credit applications where either the primary applicant or co-applicant has a minimum credit score of 680 or greater. Qualified applicants must take an initial advance from their line of credit of at least $25,000 to receive the Introductory Rate. To get the Introductory Rate, borrower must maintain a qualifying Tri Counties Bank consumer checking account. The Introductory rate of 2.49% APR includes a 0.25% discount for Automatic Funds Transfer (AFT) from a Tri Counties Bank checking account; without AFT the APR will increase by 0.25%.
3 After the 6-month Fixed Introductory Rate expires, the APR is a Variable Rate calculated by adding a margin to the monthly Prime Rate as published in the Wall Street Journal, Western Edition. The Prime Rate is currently 3.75% as of 12/15/16. The margin will be determined based on your creditworthiness, property type, occupancy and loan-to-value. The APR will never be less than 4.50% or more than 18.75%. Rate quoted includes a 0.25% discount for AFT from a Tri Counties Bank checking account; without AFT the APR will increase by 0.25%.
Offer valid for qualifying applications received through March 31, 2017. See Branch for details. Rates and terms are subject to change.