Loans and Lines of Credit

When you’ve built equity in your home, you’re able to put that equity to work through a home equity line of credit. A HELOC is a revolving line of credit that allows you to take out only as much money as you need, up to the predetermined credit limit. HELOCs feature:

• Variable interest rate
• Up to 90% combined loan to value (CLTV)*
• Available in 5-year or 10-year draw terms (Balloon payment may result)
• Line amounts as low as $5,000

*Combined Loan to Value: The total of all liens on your property divided by the value of your property. Certain restrictions may apply. Offer subject to credit approval.

** The APRs listed in the table above are effective as of July 17th, 2025, and are subject to change without notice. APR is variable and may change over the term of the loan. Offer subject to credit approval. The account will never have an APR over 21%. Other rates and terms are available, but restrictions may apply. Where permitted by state law, there will be a $15 annual fee. Rates advertised are based on a 700 credit score and 90% CLTV*

Illustrative Example

The 60-month HELOC with APR of 7.75% is specifically based on a $25,000 loan amount with variable rate feature. Your “Regular Payment” will equal the amount of your accrued interest. Minimum monthly payments are due for 59 payments with final payment of any remaining Principal Balance plus interest. Your minimum payments may not be sufficient to fully repay the principal that is outstanding on your line. If they are not, you will be required to pay the entire outstanding balance in a single payment.  An increase in the APR may increase the amount of your Regular Payment. The variable rate is based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the “index”) plus a 0.25% margin. The Prime Rate has been 7.50% since December 19, 2024.

HELOC disclosures contain important information regarding rates, payment terms, fees, and other cost information.

As a homeowner, borrowing against the equity in your home is one way to refinance major expenses such as home improvements or medical bills. Home equity loans feature:

• Fixed interest rate
• Up to 90% combined loan to value (CLTV)*
• Available in 5-year, 10-year and 15-year terms
• Loan amounts available as low as $5,000

*Combined Loan to Value: The total of all liens on your property divided by the value of your property. Certain restrictions may apply. Offer subject to credit approval.

For qualified borrowers different terms and conditions may apply based on loan to value. For all of our home equity loans, the following apply. 

• Illustrative Annual Percentage Rates (APRs) applies only to loans secured by owner-occupied real estate.
• Property insurance is required.
• Approximate appraisal fees are $350.00 to $1,000.00.
• Other loan fees are approximately $170.00 to $300.00.

Closed-End Home Equity Installment – Fixed Rate

**The APRs listed in the table above are effective as of July 17th, 2025, and are subject to change without notice. The above APRs are available for a limited time only. Other rates and terms are available, but restrictions may apply. Stop in or call today for Closed-End Home Equity Loan terms. Rates are based on a 700 credit score and 90% CLTV*. Rates and terms are subject to change. Offer subject to credit approval.

Illustrative Example 

The APR of 7.773% is based on a loan amount of $25,000 for 5 years (60 months). Payment for this APR is 59 payments of $504.07 and a final payment of $504.28.

The APR of 8.265% is based on a loan amount of $25,000 for 10 years (120 months). Payment for this APR is 119 payments of $306.76 and a final payment of $306.84.

The APR of 8.763% is based on a loan amount of $25,000 For 15 years (180 months). Payment for this APR is 179 payments of $250.00 and a final payment of $248.79.

Payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater.

A personal line of credit may be used for any personal expense, such as home or vehicle repairs. Bankers Trust’s personal lines of credit feature:

• Variable interest rate
• Available in 24-month term
• Minimum loan amount of $5,000

* The APR listed in the table above is effective as of July 17th, 2025, and is subject to change without notice. Rate is based on a 700 credit score. Rate and terms are subject to change. Other rates and terms are available, but restrictions may apply. Where permitted by state law, there will be a $15 annual fee. Offer subject to credit approval.

Illustrative Example

The 24 month PLOC with APR of 8.75% is specifically based on a $10,000 loan amount with variable rate feature. Your “Regular Payment” will equal the amount of your accrued interest. Minimum monthly payments are due for 23 payments with final payment of any remaining Principal Balance plus interest. The minimum payment may not fully repay the principal that is outstanding on your PLOC and your final payment will be a single balloon payment. An increase in the APR may increase the amount of your Regular Payment. The variable rate is based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the “index”) plus a 1.25% margin. The Prime Rate has been 7.50% since December 19, 2024.