Energize your space with a Home Equity Line of Credit.

What is a Home Equity Line of Credit?

A HELOC is a line of credit secured by your home. Funds can be accessed from your line of credit up to seven years, during which you pay only interest on the amount you use. After the seven-year draw period, you enter a ten-year repayment period, where payments are based on the amount borrowed plus interest. Start your application now.**

Flexibility: With a line of credit, you have the flexibility to use how much you need, when you need it.

Easy Access: If you have an Emprise deposit account, simply use online banking or the mobile app to transfer funds from your line of credit to your checking or savings account. Or you can write a check, transfer funds over the phone, or visit your nearby branch.

Reusable: As you pay down the balance of your HELOC, you can reuse the available funds in the future.

Fees: $99 origination fee and no closing costs (unless an appraisal is required to confirm the value of your home).*


You can use the funds for whatever you need, but here are the most common uses:

  •   Home improvements like major remodeling and repairs.
  •   Saving money by consolidating high-interest debt.
  •   Covering expenses like an unexpected emergency or tuition.


Loan Amounts $5,000 - $25,000 Over $25,000
Appraisals No appraisal in most cases* May be needed to confirm home value
Turnaround Typically closes within 24-48 hours Typically closes within 20 days, subject to appraisal requirements

Home Equity Loans

Choose a home equity loan if you know exactly how much you need and want to receive your money in one lump sum. With a home equity loan, you have peace of mind knowing your interest rate and monthly payments will be fixed for the life of the loan.

*Origination fee of $99.00 applies to all HELOCs. As of March 17, 2020, the variable rate for owner-occupied HELOCs ranges from a low of 4.25% APR (Annual Percentage Rate) to a high of 6.25% 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. The APR will change with the market based on the Prime Rate as published in the Wall Street Journal. Minimum loan amount of $5,000.00. A full appraisal may be required in some instances and will result in an additional appraisal fee. 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. Funds can be drawn from for 7 years, during which time interest-only payments are required. After the 7 year draw period, a 10 year repayment period is entered, during which time payments of both principal borrowed and interest are required. Property insurance is required.

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