Home Equity Loans & Lines

Home Equity Loans & Lines

Get money-saving options and flexibility from Emprise Bank that you're not likely to find anywhere else. Including fixed rate options that can help reduce your expenses. We offer low-rate HELOCs up to 120 months throughout Kansas. So turn your "wants" into "haves" with a customized HELOC from Emprise Bank.

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Loans

See your dreams come true…for as low as 4.50% APR.*

  • Simplified process with local decision-making and servicing
  • Ease burden on your budget with terms up to 120 months*
  • Do more of what you want — Emprise lets you borrow up to 89% of home's value
  • Revolving credit line let's you withdraw funds as needed
  • Only pay interest on amount used
  • Rates as low as 1.25% over WSJ base rate (floor rates as low as 4.50% APR)*
  • Interest is typically tax deductible**

Save even more with available rate discounts.

  • Rate discount (25 basis points) if home mortgage is with Emprise Bank
  • Rate discount (25 basis points) if loan-to-value (LTV) ratio is under 80%

*The Annual Percentage Rate (APR) is variable and may increase . The APR will change with the market based on the Prime Rate as published in the Wall Street Journal. As of November 21, 2013, the variable rate for owner-occupied HELOCs ranged from a low of 4.50% APR to a high of 18.00% APR, with no discounts. Initial rates are determined based upon the specific characteristics of the transaction including but not limited to applicant's credit, LTV, amount requested, and term, and may change without notice. Origination fee of $325. A full appraisal may be required in some instances and will result in an additional appraisal fee. All purchase requests and all loan requests in excess of $250,000 will require a full appraisal. Maximum combined LTV is 89% of the lesser of the appraised value or the purchase price, whichever is less , and including any prior mortgages or liens. Minimum monthly payment of 1.50% of the outstanding balance. Entire remaining balance due must be paid at maturity in a single "balloon payment". Property insurance is required.

**Consult your tax advisor.

HELOC Options

Custom-tailored lending from Kansas loan experts.

The Emprise home equity experts work closely with you to tailor a loan that fits your situation. If you're seeking a home equity line of credit (HELOC) in Kansas, Emprise Bank has you covered.

Standard HELOC

  • A traditional home equity line of credit with low rates and flexible financing.
  • Variable rates as low as 1.25% over WSJ base rate (floor rates as low as 4.50% APR)*
  • Low monthly payments — only 1.5% of outstanding balance*
  • Low $325 origination fee on loans up to $250,000*
  • Borrow up to 89% of home's value

Interest-Only HELOC

  • Free up your money with interest-only payment option.
  • This flexible option is available if:
  • Loan-to-value (LTV) ratio is 80% or lower
  • Applicants VantageScore from Experian is 755 or above
  • If joint application, both applicants must meet credit criteria

Fixed-Rate Option**

  • A unique option where you can lock any portion of your extended note into a fixed rate.
  • Low fee of just $50 to execute this option
  • Fixed rate just 1.00% over existing HELOC rate
  • Available in terms from 12 to 60 months
  • Up to five Fixed Rate Option notes allowed per HELOC

*The Annual Percentage Rate (APR) for any portion of the HELOC not in a Fixed Rate Option is variable and may increase . The variable APR will change with the market based on the Prime Rate as published in the Wall Street Journal. As of November 21, 2013, the variable rate for owner-occupied HELOCs ranged from a low of 4.50% APR to a high of 18.00% APR, with no discounts. Initial rates are determined based upon the specific characteristics of the transaction including but not limited to applicant's credit, LTV, and amount requested. Origination fee of $325. A full appraisal may be required in some instances and will result in an additional appraisal fee. All purchase requests and all loan requests in excess of $250,000 will require a full appraisal. Maximum combined LTV is 89% of the lesser of the appraised value or the purchase price, whichever is less , and including any prior mortgages or liens. Minimum monthly payment of 1.50% of the outstanding balance. Entire remaining balance due must be paid at maturity in a single "balloon payment". Property insurance is required.


**$50.00 fee applies for each Fixed Rate Option (FRO). The FRO allows the customer to lock in the rate at 1.00% over their current HELOC rate and to amortize the advanced amount over a period of 12 to 60 months. Minimum FRO amount of $1000. Any amounts advanced and not included in a FRO will continue under the original terms of the HELOC. Refer to the "Standard HELOC" section above.