Home Equity

You‘ve put so much into your home. It‘s time to get something out of it.

Talk to us about using the equity in your home to make some of those home improvements you’ve been meaning to do. Our home equity products also offer you the flexibility to use them towards college tuition, or even debt consolidation. We can help you find the best rates and flexible terms.

Home Equity Lines of Credit

Home Equity Lines of Credit¹

Access money when you need it and only pay interest on the amount you borrow. It is a flexible way to pay ongoing expenses or have a little safety net for those unexpected costs. You can even reuse your funds as you pay them down.

$50 annual fee²
Line amounts from $25,000 - $500,000
Draw on the line for up to 10 years with up to 20 years to repay the funds used
Get the flexibility to choose the payment option that works for you—interest only or principal and interest³
Know that you can fix a portion of your line—making your monthly payments consistent and predictable.
Enjoy no application or closing costs

To learn more, please visit a branch.

Start Application Now See Full Terms & Disclosures

EZ-Lock Home Equity Line Of Credit¹ (HELOC)
-Primary Residences, Second Homes
Rates Effective as of: March 1, 2021
Type of Loan	Maximum Term	Current Rate	APR⁴	Floor Rate
HELOC - New	30 Years	3.490%⁵ Prime minus .500%	3.490% Intro APR for 12 months⁵ 4.000% Current APR	4.000%
HELOC - Existing	30 Years	Prime minus .500%	4.000% Current APR	4.000%

Not sure if Home Equity Lines of Credit¹ is right for you? We’ll help you find what is!

Home Equity Loans

Home Equity Loans⁶

If you need to borrow a specific amount of money at one time, this loan may be a good choice. It comes with a fixed rate, so you know what your payment will be each month. Our low interest rates and short terms make it easier for you to consolidate your debt.

No annual fee
Fixed rate terms from 5 to 30 years
Competitive rates

To learn more, please visit a branch.

Start Application Now See Full Terms & Disclosures

Home Equity Loans Rates⁶
Effective as of: March 1, 2021
Term	Description	RATE	APR⁷	# OF MONTHLY PAYMENTS	MONTHLY PAYMENT PER $1,000 BORROWED
60 Months	80% CLTV – 2nd Lien	4.000%	4.000%	60	$18.42
120 Months	80% CLTV – 2nd Lien	4.125%	4.125%	120	$10.15
180 Months	80% CLTV – 2nd Lien	4.375%	4.375%	180	$7.59
240 Months	80% CLTV – 2nd Lien	4.375%	4.375%	240	$6.26
360 Months	80% CLTV – 2nd Lien	4.875%	4.875%	360	$5.29
60 Months	85% CLTV – 2nd Lien	4.375%	4.375%	60	$18.59
120 Months	85% CLTV – 2nd Lien	4.500%	4.500%	120	$10.36
180 Months	85% CLTV – 2nd Lien	4.750%	4.750%	180	$7.78
240 Months	85% CLTV – 2nd Lien	4.750%	4.750%	240	$6.46
360 Months	85% CLTV – 2nd Lien	5.250%	5.250%	360	$5.52
60 Months	80% CLTV – 1st Lien	3.250%	3.250%	60	$18.08
120 Months	80% CLTV – 1st Lien	3.375%	3.375%	120	$9.83
180 Months	80% CLTV – 1st Lien	3.625%	3.625%	180	$7.21
240 Months	80% CLTV – 1st Lien	3.625%	3.625%	240	$5.86
360 Months	80% CLTV – 1st Lien	4.125%	4.125%	360	$4.85

Not sure if Home Equity Loans⁶ is right for you? We’ll help you find what is!

Home Equity Disclosure

Home Equity Lines of Credit

¹All rates subject to change without notice.

A New HELOC is a customer without a CHS HELOC or CHS Home Equity Loan. A Existing HELOC is a customer with a CHS HELOC or CHS Home Equity Loan. Subject to credit approval. Minimum loan amount is $25,000. Maximum loan amounts are: $500,000 for a 1 unit, primary residence with an 75% max combined loan-to-value ratio (CLTV); $250,000 for a 1 or 2 unit, primary residence with an 80% max CLTV; $250,000 for a 3 or 4 unit, primary residence with a 75% max CLTV; and $250,000 for a 1 unit, second home with an 80% max CLTV. Call us for current rate & terms for properties listed for sale.

APRs for HELOCs are variable and are subject to change monthly based on the Wall Street Journal Prime Rate, which is currently 3.250%. The maximum rate is 18.00% APR. Minimum or “Floor” rate is 4.000%. The term is based on a 10 year draw period and a 20 year repayment period.

²An annual maintenance fee of $50 is charged on all HELOCs, unless you are a Performance Plus or CHS @ Work customer. If the property is in a trust a fee of $355 will apply. Property insurance required and Flood insurance may be required. An early termination fee of lessor of $500 or 2.0% of the initial credit limit may apply if line is terminated within 36 months. A drive-by appraisal will be paid for at the bank’s expense. A full appraisal may be requested at the borrower’s expense at a fee of $475-$650. The option to convert a portion of your line to a fixed rate is available.

³Payment options are only available during the 10 year draw period.

⁴Annual Percentage Rate (APR)

⁵The introductory rate and APR are fixed for the first twelve months. After twelve months, the rate and APR are variable for the remaining life of the loan based on the Prime Rate minus .500%.

Home Equity Loans

⁶All rates subject to change without notice.

Payment amounts do not include taxes and insurance. Your payments may be greater.

Subject to credit approval. Rates and terms based on owner-occupied 1-4 family homes & condominiums. Home Equity Loan minimum is $25,000. Maximum loan amounts are: $500,000 for 1-unit primary residence properties with an 85% max combined loan-to-value ratio (CLTV); $250,000 for 1 unit second homes and 2-unit primary residence with an 80% max CLTV; $250,000 for 3-4 unit primary residence with a 75% max CLTV. Property insurance required. Flood insurance and other fees may be required. If the property is held in a trust a fee of $355 will apply. Maximum CLTV based on a drive-by appraisal at the bank’s expense. A full appraisal may be requested at the borrower’s expense at a fee of $475-$650.

⁷Annual Percentage Rate (APR)

Home Equity

Talk to us about using the equity in your home to make some of those home improvements you’ve been meaning to do. Our home equity products also offer you the flexibility to use them towards college tuition, or even debt consolidation. We can help you find the best rates and flexible terms.

Home Equity Loans6

Not sure if Home Equity Loans6 is right for you? We’ll help you find what is!

Home Equity Loans⁶

Not sure if Home Equity Loans⁶ is right for you? We’ll help you find what is!