Home Equity Line of Credit

Couple in front of painted wallYou can paint. You can build.  You can renovate.  Artisans' can help you do it.  

Artisans' Bank can help you build your future with a Home Equity Line of Credit.  You do the DIY. Let Artisans' do the financing!  

A HELOC can help you:  

    • renovate your kitchen
    • add a media room, porch or patio 
    • repair your home or replace your roof
    • update a bathroom
    • add a porch or new deck

Tap into the value of your home with a Home Equity Line of Credit with a 8.25% APR*.

This low interest rate is for a loan amount of $10,000 and over, up to 80% of your home's value.  Offer good for new Home Equity Lines of Credit only. 

If you have questions, call 302-658-6881 or visit your local Artisans' Banch office. 

Father and son painting wall

More information:


In depth description of HELOCs from our financial literacy partner, Banzai: Click here


Use our handy HELOC calculator to see how much equity you have in your home: Click Here



Graduation Girl01

A HELOC can also be used for other large expenses:

EDUCATION:   A Home Equity Line of Credit can be used for tuition and other expenses associated with education and job training. 


CONSOLIDATE DEBT:  In some cases, a HELOC can help you consolidate debt and lower your monthly payments.  



Talk to an Artisan's representative to see if a HELOC could help you.
Call 302-658-6881 or visit your local Artisans' branch.


For those who are ready to apply:  CLICK HERE 

*APR - Annual Percentage Rate

This interest rate is variable and may change each month, based on the Wall Street Journal Prime as appearing on the first day of each month.  As of December 28, 2023, the Prime rate was 8.50% APR.  The APR shown reflects a 0.25% discount for automatic payments from an Artisans' Bank account.  If automatic payment is discontinued, you will no longer receive an automatic payment discount.  The maximum APR over the life of the loan will never exceed 18% APR.  Interest begins to accrue on the business date a draw is made against the credit line and is posted to the account. 

For HELOC amounts over $250,000, an appraisal fee of up to $550 is required. No fees for Home Equity Lines of Credit $250,000 and under. 

Home Equity Lines of Credit are established for a ten-year draw period.  Rates listed are for single-family primary or secondary owner-occupied residences, with a loan-to-value ratio not exceeding 80%.  Minimum payments are interest only.  No fees are charged for repayment of loan principal.  If only the minimum required monthly interest payments under the HELOC plan are made, these payments will NOT be sufficient to repay the debt and the remaining loan principal and any interest due will be due and payable at the end of the ten-year draw term.  

Offer of credit is subject to credit approval.  Renewals of the HELOC are not guaranteed.  Homeowner's insurance is required to be maintained.  Flood insurance may also be required, depending on the property.  Consult your tax adviser regarding the possible deductions of interest. For a detailed HELOC Plan disclosure, please contact our Consumer Lending Department at 302-658-6881, please select option#5. 

For more information, please contact our
Consumer Lending Department at 302-658-6881, option #5
or stop by any branch office. Click here for locations and hours