Home Equity Line of Credit

HELOC SPECIAL PROMOTION

5.99% APR first 6 months • 7.75% APR • NO CLOSING COSTS

Apply Now       Call (865) 541-6007

Flexible Financing with a Home Equity Line of Credit

From renovations, unexpected expenses or consolidating your debt, a home equity line of credit offers you great flexibility. When you have an established line of credit for an approved amount, it is instantly available as you need it. It’s as simple as writing a Home Federal Line of Credit check.

Home Equity Line of Credit Rates

Last Update: 8/09/2024

Program NameInterest Rate1Fees/ Expenses2APR1
Special Promotion35.99% for 1st 6 months,
then US Prime1		Zero Closing Costs45.99% for 1st 6 months,
then US Prime1
Home Federal RefinanceUS Prime1
Minimum 4.5%		$1,014-$1,140US Prime1
Minimum 4.5%

1Rates are variable.  Minimum rate of 4.5% is subject to change monthly based on the U.S. Prime Rate as published in the Wall Street Journal (currently 7.75%).

Maximum rate of 18% APR.

2Annual fee of $36 may apply after the first year if the HELOC is not accessed within the first 12 months.

3Not available for refinancing or modifying existing Home Federal loans.

4Reimbursement fee of all 3rd party fees will be charged if the loan is terminated within the first 36 months.

  • Rates and APRs listed above are based on amounts of $150,000 for owner-occupied, single-family dwellings serving as a primary residence and are for transactions with a minimum 650 credit score for at least one applicant and a maximum LTV of 80%. Maximum LTV of 70% if Home Federal does not hold 1st lien.
  • Minimum loan amount available is $25,000/Maximum loan amount available is $150,000: for rates and fees on loan amounts over $150,000, please contact us.
  • Loan term is 120 payments of interest only payments; paying interest only will result in a balloon payment of all outstanding principal and interest due on the maturity date of the loan. Additional payments to principal are allowed at any time.
  • Property insurance is required, including flood insurance (if applicable).

Apply Now       Call (865) 541-6007     Contact Us

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