Home Equity Lines of Credit

Home Equity Line of Credit

Is it time to consolidate debt? Are you ready for some home improvements? Is that dream vacation calling? Use the equity in your home accomplish your goals!

Your loan will be underwritten, approved, and serviced right here by people you know and trust. Contact us today to get started!

*Fine print: On approved credit. Estimated fees to establish a variable rate Home Equity Line of Credit $400. Variable rate as low as Prime + 0%. Maximum APR 12%. The annual percentage rate may vary after the account is opened. NMLS #640476.

Have questions? Read on to learn more about the process.

Q: How long does it take to get a HELOC?
A: The entire process usually takes 2-3 weeks from the time we receive your completed application until you have the funds in hand.

Q: What documents are required?
A: We need the following documents:

• Completed, signed mortgage loan application
• Mortgage statement showing the current balance of your 1st mortgage
• Insurance information verifying the coverage limits and cost of your home owner's' insurance
• Paystub or W2 showing YTD income for all borrowers
• Information regarding HOA dues, if applicable

Q: Will I need to get an appraisal?
A: That depends. We subscribe to a service that allows us to get an estimated value on your home quickly and at no cost. If that gives enough value to proceed, then no appraisal is required. If our estimate does not come in high enough, you may ask us to order a full appraisal. The appraisal fee of approximately $400 must be paid in advance, and will add about 7-10 days to the loan process.

Q: What is the cost for a HELOC?
A: Costs typically run no more than $400 for a HELOC if an appraisal is not required, or $800 if an appraisal is needed.