Home Equity Lines of Credit
Home Equity Line of Credit (HELOC)
We can show you how to benefit from your home’s equity!! Apply for a Home Equity Line of Credit* today at any Delta Bank location.
A HELOC differs from a conventional home equity loan in that the borrower is not advanced the entire sum up front, but uses a line of credit to borrow sums that total no more than the credit limit, similar to a credit card. The line of credit may be used for any number of services or purchases. Here are a few examples:
- Education Expenses
- Consolidate Credit Cards
- Vehicle Purchases
- Medical Expenses
*Subject to credit approval.
Contact us for more information about a Home Equity Line of Credit (confidential and no obligation):
*1.99 Introductory Annual Percentage Rate (APR) applied for the first six (6) months.
**APR is variable and is based upon an index plus a margin. The APR will vary with The Wall Street Journal Prime Rate (3.25% as of 6/8/2020). As of June 8, 2020, the variable rate ranged from 4.00% to 10.00% APR.
The minimum APR is 4.00% and the maximum APR is 21%.
*Minimum loan amount of $10,000 with a maximum loan amount of $250,000.
**Loan is subject to credit approval and must be secured by an owner-occupied dwelling. Mobile home secured properties are not eligible.
Delta Bank must receive application on or before 12/31/2020, to receive Introductory Rate.
Other products and terms are available.
For more personalized results, please call 888-757-8601 to talk to one of our lenders.