Home Equity Line of Credit


When it comes to securing financing for college, a wedding, home projects, and more, look no further than your home. At HVCBank, we can help you transition the equity you've built in your home into financing for a wide range of short-term or long-term needs.

Our home equity line of credit loans provide competitive rates and flexible repayment options. There are no points, no application fee, and no prepayment penalties to worry about. Plus, added bonus: the interest you pay might even be tax deductible*!

Home Equity Line of Credit Details

  • Competitive rates for several ongoing or seasonal needs:
  • Education expenses
  • Major life events
  • Major home improvements
  • Medical expenses
  • Emergency reserve
  • And much more!
  • Special introductory APRs may be available*
  • The existing equity in your home is used as collateral backing
  • Borrow up to 75% of the appraised value minus the balance(s) of your existing mortgage(s)
  • Repayment customized based on your unique needs
  • No points, no applications fee, and no prepayment penalties
  • Funds available anytime without reapplying; apply once then use repeatedly thereafter
  • Funds easily available by writing a check (subject to terms of your line)
  • Revolving credit – as principal is repaid, more becomes available for use
  • The interest paid might be tax deductible*
  • Local decision-making and processing
  • Personalized, attentive service throughout the entire process

View our current rates.

*The HVCBank home equity line of credit has a variable rate feature following the introductory period, which fluctuates along with the prime rate.

*Consult a tax advisor.

Application Checklist

As you are completing the Consumer Loan Application, please gather the following documents, which will speed along the processing of your request:

  • Copies of all the paystubs you have received in the last 30 days
  • Copies of all W2 forms for the last year
  • If you are self-employed, copies of your last signed federal tax returns (1040s with all schedules)
  • If you are retired, copies of 1099s for all social security and/or pension or retirement income for the last two years.
  • If you plan to use your line or loan for debt-consolidation, please bring your monthly billing statements, coupon books, etc..

Hazard Insurance

If your application is approved, you will need to provide HVCBank with proof of hazard insurance. The amount of insurance required is determined by adding your current mortgage balance to the amount of home equity financing for which you have been approved.

Flood Insurance

If it is determined that your property is in a flood zone, you will be required to carry flood insurance in the same amount of coverage as required for hazard insurance ($250,000 maximum).