Home Equity Line of Credit

      Looking to improve your home or cover some unexpected expenses? 

Artisans' Bank can help you build your future. 

A lot of planned and unplanned expenses can be financed by taking advantage of the equity in your home. 

Things like: 

          • renovate your kitchenMan in yellow hardhat woman in orange shirt01
          • add a media room, porch or patio 
          • repair your home or replace your roof
          • purchase a new car
          • consolidate your debts

Now is the time to tap into the value of your home with a

Home Equity Line of Credit with a 5.50% 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. 

 HELOC Father Son 01

Still unsure?  Here are some tools to help you. 

What is a home equity line of credit (also known as a HELOC)?


Use our handy online calculator to see how much equity you have in your home: Home Equity Line of Credit Calculator



Got more questions?  You can stop by or call your local branch office or call 302-658-6881, please select option #5. 


For those who are ready to apply:  CLICK HERE 



Using the equity in your home can be used for other large expenses: Graduation Girl01

An education offers benefits across an entire lifetime. Build the foundation of a child's career through a college education, or go back for an additional degree or training in a field of your choice.  A Home Equity Line of Credit can be used for tuition and other expenses associated with education. 


In some cases, a HELOC is a potential tool to help you consolidate debit and lower your monthly payments.  Artisans' Bank is committed to the financial wellness of the communities it serves, and will work with you for financial success.  Talk to an Artisan's representative to see if a HELOC could help you. 




*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 July 28, 2022,  this rate was 5.50% APR.  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 payment 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.