Home Equity Lines of Credit | Elements Financial
Image for Joining Elements

Home Equity Lines of Credit

Apply for a Home Equity Line of CreditIf you need the flexibility of access to funds for large expenses, now and in the future, a Home Equity Line of Credit (HELOC) could be the right option for you.

Whether it's buying a new car, making home improvements, paying for your tuition, or maybe even taking that big vacation, our low HELOC rates make it convenient and easy to finance major life milestones.

A home equity line of credit, also known as a HELOC, is secured by your home and allows you to access the available equity you have in your home. With a HELOC, you can borrow as much or as little as you need, whenever you need it, up to the credit limit established at closing.

Once approved, you may qualify for up to 100% of the appraised value of your home, less the balance of your first mortgage. Interest rates are variable and indexed to Prime Rate as published in The Wall Street Journal.

With most closings in two weeks or less!

Prefer the stability found in a loan? Consider a Home Equity Loan.

Introductory rates as low as 0.99% APR on New Home Equity Lines of Credit for 180 days then as low as 4.25% variable APR.

Current Home Equity Line of Credit Rates

Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates.

Home Equity Lines of Credit Rate Points Variable APR
Home Equity Line of Credit 4.250% 0.000 4.250%

1) Home Equity Line of Credit: The Introductory Annual Percentage Rate (APR) of 0.99% is for new home equity line of credits only and is for the first 180 days. To receive the Introductory rate, a draw of at least $5,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate as published in The Wall Street Journal plus a margin. The APR will never be lower than 3.75% or higher than 18%. Rates vary depending upon credit history, combined loan-to-value (CLTV), and occupancy.  The stated rate applies to lines secured by credit score of 710 or greater, CLTV 80% or less, and owner-occupied single-family residences (includes townhomes, row homes, condominiums, and co-ops). Elements Financial will pay most closing costs on new applications including settlement fees, flood determination fee, title search, title insurance, and notary fees. You may be required to pay other closing costs such as government fees and recording charges, taxes, and when required, appraisal fees. These costs vary by state and property type and may range from $0 to $750. Elements Financial reserves the right to modify or end this offer at any time. Subject to credit approval. Elements Financial Membership Required.


Our Home Equity Line of Credit:

Home Equity Revolving Line of Credit
  • No closing costs
  • No annual fee
  • No prepayment penalties
  • Gives you the flexibility to choose when you need to use it
  • Borrow up to the maximum amount established
  • Pay down the line of credit and use it again like you would a credit card
  • Interest may be deductible (Consult a tax adviser for further information regarding the deductibility of interest charges.)
  • Interest-only monthly payment