Home Equity Lines of Credit (HELOC)
Choose a home equity line of credit (HELOC) for efficient financing, as you need it. A HELOC counts the value of your home in your favor, just like a home equity loan.
But instead of a taking out a larger lump sum loan, you borrow purchase-by-purchase up to a set credit limit. Our HELOCs include competitively low variable interest rates. And you only pay interest on what you actually spend!
- Competitively low interest rates
- Only pay interest on what you spend
- Interest may be tax deductible*
- Loan value based on the equity you've built in your home
- Borrow up to 85% of the appraised value of your home**
- Use funds for practically any purpose
- Re-access funds as necessary without re-applying
- Local Western New York HELOC decisions
- Personal service you can trust
- Home equity loans also available!
*Consult a tax adviser.
**Applications where the first lien position is with another institution - Max LTV is 75%, if the first lien is a line of credit than this product can not be offered.
Applications where STC is in first and second lien position - Max LTV is 85%.