Home Equity Line of Credit

Increase Your Options with a HELOC

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Please note we are currently not accepting applications for Home Equity loans where a Financial Institution other than Home Federal Bank will retain the first mortgage. If you would be interested in combining your existing mortgage with this current request, please contact us at the number below.
(865) 541-6007

Our Home Equity Line of Credit (HELOC) offers you a revolving line of credit to provide for your immediate and standby credit needs. 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 lines of credit include the following terms and conditions:

  • Annual Percentage Rate (APR) varies based on the U.S. Prime Rate in the Wall Street Journal (as of 3/16/2020, the prime rate was 3.25%)
  • Minimum (floor) rate of 3.75% APR, which will not vary above 18%
  • Minimum loan amount of $25,000
  • Maximum loan amount of $150,000
  • Closing costs estimated to range between $0.00 and $1,000.00
  • Annual fee of $36 may apply after the first year if the HELOC is not accessed within the first 12 months
  • Maximum loan-to-value ratio is 80%
  • HELOC rates available to owner-occupied single-family primary residences
  • Property insurance required, including flood insurance (if applicable)
  • Offer subject to change, as well as credit and collateral approval
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