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Home Equity Line of Credit

There are a lot of expenses that pop-up, both planned and unplanned, that you may need to finance. One way you can finance those expenses is by taking advantage of equity in your home and opening an Artisans' Bank Home Equity Line of Credit. With your Line you can:

  • purchase a new car
  • repair your home
  • consolidate your debts
  • pay medical bills
  • make tax payments
  • pay for tuition
  • take a vacation
  • and more

We offer rates as low as 4.00% APR*

Home Equity Lines of Credit are based on WSJ Prime without a margin.  Take advantage of the equity in your home and this low rate.

Call us at 302-658-6881 for more information or simply apply online.



*Annual Percentage Rate (APR) is the National Prime Rate of Interest as published in the Wall Street Journal on the first day of the month.   The rate is variable and may change monthly, based on the WSJ Prime as appearing on the first of the month.  Home Equity Lines of Credit are established for a five year period. 

Rates listed are for single-family primary or secondary residences with loan-to-value ratios up to 80%. 

Payments may be Interest Only or include Principal and Interest.  A balloon payment will occur if only the minimum required repayments under the plan are made.  Minimum payments will not repay the debt and a balloon re-payment of the remaining principal and interest due will be required at the end of the five year term.  The maximum APR over the life of the line will never exceed 18%.  Interest will begin to accrue on the business date a draw against the credit line is posted.  

Offer of credit is subject to credit approval.  Consult your tax advisor regarding the deductibility of interest.   Property insurance is required.  Flood insurance may be required, depending on the property.  For Home Equity Lines of Credit over $250,000, a $400 appraisal fee will be charged.  For a detailed HELOC Plan disclosure, please contact our Consumer Lending Department at 302-658-6881.