Home Equity Line of Credit

      Looking to improve your home or cover some unexpected expenses? 

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

Home Equity Line of Credit with a 3.25% APR*.

This great 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. 

In life, a lot of expenses that can pop-up, both planned and unplanned.   

By taking advantage of the equity in your home, you can:

          • renovate your kitchen
          • add a media room, porch or patio 
          • repair your home or replace your roof
          • purchase a new car
          • consolidate your debts
          • pay medical bills

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


Still unsure on what is a home equity line of credit(HELOC)? Click Here for more information

If you are ready to apply:  CLICK HERE 


If you have questions or need more information, call 302-658-6881, please select option #5. 

Or stop by any of our branches Click here for our Branch Locations

*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 3, 2020,  this rate was 3.25% 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.