Make the most out of your Home's Equity

Rates as low as: 2.99% APR*

Spending more time at home than ever, use your equity to create the perfect space. Competitive fixed rates help keep monthly payments down and your budget on track, while low closing costs make borrowing more affordable.


Helpful Tips for Using Your Home’s Equity


Finance Your Life Events

From home improvements and higher education to debt consolidation,  use your home’s equity to finance life events.

Cash-Out Refinance vs. Home Equity Line of Credit

We've broken down the pros and cons of each to help you decide which the best is for you.

Run the Numbers

Evaluate payment options so you can be comfortable with what you’ll owe monthly with this helpful calculator

How Does a Home Equity Line of Credit (HELOC) Work?

Equity is the difference between your home's value and what you still owe on the mortgage. A home equity line of credit borrows against your home’s equity but allows you to spend the borrowed money as you need it. If you have a large expense like home renovations, tuition or medical bill - a HELOC can be a tool to finance the project with rates lower than most credit cards. Another smart way to use or a home equity loan is to consolidate debt with lower rates and one simple monthly payment.

Let’s talk about your HELOC options.

Apply Now

Talk with a local branch


*APR = Annual Percentage Rate. APR effective March 1, 2021, and may change based on market conditions and borrower eligibility. The APR will be a variable rate based on Wall Street Journal Prime Rate minus .26 (3.25% - .26% = 2.99%, current as of March 1, 2021) with a minimum APR of 2.99% and a maximum APR of 21.00%. APR may adjust monthly based on the Prime Rate as published in The Wall Street Journal. Minimum FICO score of 700 to qualify. Your rate may also be different depending on credit history, lien position and LTV ratio. Offer not valid for refinancing existing Premier Bank loans. Offer is based upon loans from $25,000 up to $300,000, a loan to value less than 85% on a first lien, owner-occupied primary residence and cannot be a purchase money mortgage. In order to receive the offered rate, a minimum draw of $10,000 is required at funding. An Annual Fee of $50 is waived for the first year. Taxes and property insurance are always required and flood insurance is required where necessary. There is a Draw Period for 10 years after the account is opened during which advances and purchases may be made, and during which reductions to principal are not required (unless credit limit has been exceeded), followed by a 10 year Repayment Period during which the minimum monthly payments amortize the outstanding balance on the line at the end of the Draw Period. Prepayment penalty fee is 2% of outstanding balance or $300, whichever is less. Other rates and terms are available. Subject to credit approval. Interest rates and terms are subject to change without notice. Consult a tax advisor regarding the deductibility of interest. Offer expires July 31, 2021. NMLS #424191. Member FDIC