A great rate for whatever you might want or need this year
A home equity line of credit (HELOC) is the best way to unlock your home’s equity and turn it into whatever you might need. Kids in college? Home improvements? Surprise wedding?
Whatever it is, a 4.99% HELOC with up to 89% loan-to-value is a great option.
Ready to apply for a home equity line of credit?
Click on the button below to create your account and start the application process.
How does a home equity line of credit work?
A home equity line of credit lets you borrow against the equity you've built up in your home, up to a fixed credit line. Ask a bank representative for more details.
Home equity line of credit
Still have questions?
If you still have questions, contact a mortgage officer or call us at (802) 275-3979
*The Annual Percentage Rate (APR) of interest charged is fixed at an introductory rate of 4.99% for the first 12 months. After that, the APR will vary monthly based on the Wall Street Journal Prime Rate, currently at 6.75% APR, there is no margin added to the Prime Rate. The APR will not exceed 18.00%. APR will not fall below 3.25%. This is a revolving line of credit with a 15-year draw period and a 15-year repayment period (full term 30 years). Any outstanding balance at the end of the 15-year draw period will be converted to a repayment period over the remaining 15 years. During the draw period, minimum monthly payments are interest-only on the outstanding balance and will not reduce principal. Principal payments are allowed with no penalties. Our program’s minimum loan amount is $10,000.00 to a maximum of $1,000,000.00. A $50.00 annual fee will apply during the 15-year draw period. This offer is available to primary residences and secondary residences only with a combined loan to value (HCLTV) of 89% of the property valuation or appraised value. Estimated closing costs range from $750.00-$1200.00 and may be higher depending on third-party fees. Property Insurance is required. Flood insurance may be required. All Loans are subject to credit approval, and additional restrictions may apply. Introductory rate is subject to change without notice. Other rates and terms are available. Consult your tax advisor regarding interest deductibility.
Meet our mortgage team
Let us be your ally in figuring out what you'll need to get the right loan for you. We'll be with you every step of the way to guide you through the process of choosing and getting the exact loan to meet your needs.
Susan Russell
Assistant Vice President,
Mortgage Production Manager & Senior Underwriter
NMLS #1658532
Melody Sweeney