HELOC

A HELOC is a revolving line of credit that uses your home’s equity as collateral, giving you easy access to funds when you need them. As you repay the balance, your available credit restores, so you’ll have peace of mind knowing it’s there if you need it again.

How a Bank Independent HELOC Can Help You:

• Complete home improvement or maintenance projects
• Consolidate debt at a competitive rate 
• Fund education or other significant expenses 
• Cover emergency costs that exceed your savings 
• And much more!
  
  

Why Choose Bank Independent's New HELOC?

• 5.99% APR* fixed for the first 12 months – introductory period 
• Variable rate after introductory period based on the Wall Street Journal U.S. Prime Rate (currently 6.75% APR* as of December 17, 2025) 
• Insurance requirements – homeowners insurance required, flood insurance if applicable 
• Floor and ceiling rates for added security 
• Minimum loan amount of $20,000 
• Primary residence only 
• Annual fee of $50 
• $500 lender credit toward closing costs**
  
  

*This is not a commitment to lend; you must submit additional information for review and approval. Annual Percentage Rate (s) (APRs) are for illustrative purposes only, may vary after the account is opened and are subject to change without notice. Bank Independent may discontinue this HELOC offer without notice.
APR During the Introductory Period: The Introductory Period begins on the date of account opening.
APR After the Introductory Period: After the Introductory Period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the HELOC agreement. The variable APR is based on the Wall Street Journal U.S. Prime Rate. Your APR will not exceed 21% or go below 6.25% at any time during the term of your account. Rates above as of _12/17/2025_ and subject to change.
The HELOC will be 3 years interest only with a balloon payment at the end of the 3 years.

**The Bank may pay up to $500 of your total closing costs. Closing costs generally total between $300 and $1,000. Borrower will be responsible for any additional closing costs over $500. Closing cost credit applies to a new HELOC application and excludes renewals and extensions.