Use the value of your home to your advantage.

Home Equity Lines of Credit, or HELOCs, are a convenient way to take money out in smaller chunks to pay for large or small house projects,  vacations, college, or to consolidate high interest debt into low monthly payments. You can take out what you need now and only repay what you borrow. Let HomeTown help you leverage the value of your home today!

Our HELOCs include:

• Borrowing up to 90%* of your home’s value
• Terms up to 120 months
• No or low closing costs
• Interest only accrues on what you borrow
• Easily access using online banking, debit card, or at any branch
• Could be tax deductible (consult with a tax professional)

Apply for a HELOC   Check HELOC Rates

*Home Equity and HELOC can borrow up to 90% LTV if you are qualified. Additional loans over 80% LTV are available and will need to comply with a HomeTown Home Equity loan program. The after improved value on the appraisal is used with a maximum LTV no greater than 80% of the loan amount. During the draw period you will make monthly payments on a pre-determined recurring date equal to 1.00% of your outstanding balance as of your last advance date.  Your payment will be rounded to the nearest whole dollar. Your payment will include any amounts past due and any amount by which you have exceeded your credit limit, and all other charges. Your payment will always be at least $100. Please see loan department for approval and full details.

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