Maximize your options and tackle the entire to-do list with competitive HELOC rates.
| Home Equity Line of Credit with a Loan-to-Value of 80% or less: | |
| Term: Rate: Margin: Annual Percentage Rate: | 10 Year Draw. 15 Year Repayment Prime Rate: Currently 7.500% 0.000% 7.500% |
| Home Equity Line of Credit with a Loan-to-Value of 80.01% – 95%: | |
| Term: Rate: Margin: Annual Percentage Rate: | 10 Year Draw. 15 Year Repayment Prime Rate: Currently 7.500% 1.500% 9.000% |
| Fixed Rate Term Out Loans via Country Convertible HELOC 1-4 Family Owner-Occupied For Home Equity Lines of Credit With a Loan-to-Value of 80% or Less, the interest rates are: |
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| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 5 year 6.500% 6.500% $19.57 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 10 year 6.750% 6.750% $11.48 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 15 year 7.000% 7.000% $8.99 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 20 year 7.250% 7.250% $7.90 |
| For Home Equity Lines of Credit with a Loan-to-Value of 80.01-95%, the interest rates are: | |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 5 year 8.000% 8.000% $20.28 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 10 year 8.250% 8.250% $12.27 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 15 year 8.500% 8.500% $9.85 |
| Term: Rate: Annual Percentage Rate: Monthly Payment per $1,000: | 20 year 8.750% 8.750% $8.84 |
The Country Bank Home Equity Line of Credit (HELOC) has a variable periodic rate based on the current Prime Rate plus a Margin. Home Equity Lines of Credit with a Loan-to-Value ratio up to 80% will be priced at Prime rate plus a margin of 0%. Home Equity Lines of Credit with a Loan-to-Value of 80.01% and a maximum Loan-to-Value ratio of 95% will be priced at Prime rate plus a margin of 1.50%, and the maximum loan amount is $250,000.00.. Annual Percentage Rate (APR) is subject to increase to a Maximum of 18%.. Hazard insurance is required. Early Termination fee of $500.00 may apply if the Home Equity Line of Credit is closed and discharged within thirty-six (36) months from the date of the Note. For loan requests less than $250,000.00, if the Bank is unable to determine a value using our standard method, you have the option to pay for a full appraisal. For loan requests equal to or greater than $250,000.00, the Bank requires a full appraisal be completed on your home to determine the value. The current cost for a full appraisal is $475.00 for a single-family property or $575.00 for a 2-4 family property. ..For loan requests less than $250,000.00, the standard closing and recording costs will be paid by the Bank. You will be responsible for any fee(s) associated with delivering clear, marketable, and insurable title, including but not limited to discharge fees and/or any fees to establish or maintain a Homestead Act. For loan requests equal to or greater than $250,000 or for properties where title will be held in the name of a trust, the Bank requires a full title exam, title policy, and title certification at your expense. You will be responsible for any fee(s) associated with delivering clear, marketable, and insurable title, including but not limited to discharge fees and/or any fees to establish or maintain a Homestead Act. Closing costs will range from $1,763 to $1,945 and will vary based on the line amount requested and the attorney chosen by the Bank to conduct the closing. You may receive, upon request, a good faith itemization of these costs. Maximum LTV is 95%; Minimum credit limit is $15,000.00. You can convert all or a portion of your balance to a Fixed Rate Term Out Loan during the term of your draw period. A maximum of three (3) Fixed Rate Term Out Loans can be taken. Call us for additional rates and details!
All loan applications are subject to credit approval.
Our HELOC is made to support you. Use the revolving line of credit to fund multiple projects with the capability to convert the HELOC balance to a fixed rate, fixed term, and fixed principal and interest rate for predictable payments.
If you have an upcoming expense, from a home renovation to purchasing a car, or you just need a little breathing room in your budget, our flexible HELOC is the perfect solution for you.
Imagine what a difference having access to extra funds could make in your life. Tap into your home’s equity to access one of the most affordable loan solutions available. Apply online 24/7 to get started!
Debt Consolidation
Home Improvements
Once in a Lifetime Adventures
Emergency Repairs
Wedding Expenses
Energy Efficient Upgrades
This calculator is for informational purposes only and its use does not guarantee an extension of credit. Your actual term and payment will be provided upon acceptance of a Country Bank Loan.
A HELOC or Home Equity Line of Credit is a great way to access money over time. Whether you are completing a home improvement projector looking to have funds available for future needs, a HELOC is an affordable financial cushion.
Home Equity Lines of Credit are revolving lines of credit similar to a credit card. You have a draw period of 10 years where you can borrow money as often as you’d like and only make interest payments on the amount you borrow. This is followed by a repayment period of 15 years where you can’t borrow more money, but payments begin on the total amount borrowed (both interest and principal) until the loan is completely paid off.
Country Bank is anything but typical! Our HELOC has a special feature that allows you to lock in up to three fixed rate term out loans with a fixed repayment amount. It’s like getting the best of both worlds!
| feature | heloc | personal loan |
| Money Source | Line of Credit | One Large Sum |
| Fixed or Variable (Changing Rate) | Variable (with the Option to Lock In 3 Fixed Rate Term Out Loans) | Fixed Rate (Typically Higher Interest Rates) |
| Requires Collateral | Yes (Owner Occupied 1-4 Family Dwelling or Condo) | No |
| Amount You Can Borrow | Minimum $15,000 | $800 – $5,000 |
The Country Bank Home Equity Line of Credit (HELOC) has a variable periodic rate based on the current Prime Rate plus a Margin. Home Equity Lines of Credit with a Loan-to-Value ratio up to 80% will be priced at Prime rate plus a margin of 0%. Home Equity Lines of Credit with a Loan-to-Value of 80.01% and a maximum Loan-to-Value ratio of 95% will be priced at Prime rate plus a margin of 1.50%, and the maximum loan amount is $250,000.00.. Annual Percentage Rate (APR) is subject to increase to a Maximum of 18%.. Hazard insurance is required. Early Termination fee of $500.00 may apply if the Home Equity Line of Credit is closed and discharged within thirty-six (36) months from the date of the Note. For loan requests less than $250,000.00, if the Bank is unable to determine a value using our standard method, you have the option to pay for a full appraisal. For loan requests equal to or greater than $250,000.00, the Bank requires a full appraisal be completed on your home to determine the value. The current cost for a full appraisal is $475.00 for a single-family property or $575.00 for a 2-4 family property. ..For loan requests less than $250,000.00, the standard closing and recording costs will be paid by the Bank. You will be responsible for any fee(s) associated with delivering clear, marketable, and insurable title, including but not limited to discharge fees and/or any fees to establish or maintain a Homestead Act. For loan requests equal to or greater than $250,000 or for properties where title will be held in the name of a trust, the Bank requires a full title exam, title policy, and title certification at your expense. You will be responsible for any fee(s) associated with delivering clear, marketable, and insurable title, including but not limited to discharge fees and/or any fees to establish or maintain a Homestead Act. Closing costs will range from $1,763 to $1,945 and will vary based on the line amount requested and the attorney chosen by the Bank to conduct the closing. You may receive, upon request, a good faith itemization of these costs. Maximum LTV is 95%; Minimum credit limit is $15,000.00. You can convert all or a portion of your balance to a Fixed Rate Term Out Loan during the term of your draw period. A maximum of three (3) Fixed Rate Term Out Loans can be taken. Call us for additional rates and details!
Making smart choices with money can make a major difference in your life. Take advantage of these tools and tips to stay one step ahead and secure your financial future.
To calculate a Loan-to-Value (LTV) estimate, divide your current loan balance by the current appraised value of your home and multiply the result by 100. For an exact LTV calculation or help to determine your HELOC rate, please contact one of our HELOC experts today.
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Enjoy the convenience of paying your home equity line of credit anytime, anywhere.
Take charge of your finances with easy access to your outstanding HELOC balance.
Tap into your line of credit funds using our mobile banking app.