Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) offers flexible access to funds, making it ideal for ongoing home improvements, major purchases, debt consolidation, and more. Because it is a revolving line of credit, you can access additional funds as needed during the draw period.
Key Features:
- Access up to 100% of your home’s established value¹
- Variable rate based on Prime2 with a 10-year draw period and 10-year repayment period
- We offer flexible repayment options during the draw period, allowing you to pay as little as the accrued interest or more toward the balance to fit your budget
- Interest may be tax deductible3
- Property must be owner-occupied and located in North Carolina
Additional Details:
Rates, terms, and conditions are subject to change without notice and are subject to credit approval.
Home Equity Loan
When you need funds for a big project, debt consolidation, or a major purchase, and you want the stability of a fixed payment without future borrowing needs, a Home Equity Loan may be the right choice for you. Note: additional advances aren’t available as you repay the loan.
Key Features:
- Borrow up to 100% of appraised value1
- Fixed interest rate for terms up to 180 months
- Interest paid may be tax deductible3
- Property must be owner occupied and located in North Carolina
Additional Details:
Some properties may be ineligible. Rates, terms, and conditions are subject to change and credit approval.
No equity, no worries!
Make the repairs or renovations you’ve been thinking about with a loan designed to fit your needs.