Pre-Qualify
Interest Rates are effective as of February 12, 2019.
Check out our full line of Variable Rate Home Equity Lines of Credit, including Evans Equity Select, a Variable Rate Home Equity with a Fixed Rate Payment option. Equity Select Annual Percentage Rates (APR).
Variable Rate Option:
| Line | APR* | Current APR** |
|---|---|---|
| $7,500 – $49,999 | Prime + 1.00% | 6.50% |
| $50,000 – $99,999 | Prime + 0.75% | 6.25% |
| $100,000 and above | Prime + 0.50% | 6.00% |
Variable Rate: *Prime equals the highest rate identified by The Wall Street Journal as the prime rate in its table entitled “Money Rates” as of the monthly determination date in the agreement. The Prime Rate in effect on 12/20/18 is 5.50%. This rate may vary monthly. Your line is secured by a mortgage on your home and property insurance is required. If your line of credit is paid and your home equity mortgage is discharged within three years of origination, closing costs must be returned to the Bank. No annual fee.
** Have your payment auto deducted from an Evans Bank Account and your Rate will be reduced by 0.25% (Discount for auto deduction is not applied to introductory or promotional rates). Consult a tax advisor regarding deductibility of interest.
Fixed Rate Option:
| Term | APR*** |
|---|---|
| 5 Years | 5.500% |
| 10 Years | 6.000% |
| 15 Years | 6.250% |
Fixed Rate: *** A monthly payment of $192.17 for a $10,000 loan at 5.75% is based on a five year repayment schedule. Your line is secured by a mortgage on your home and property insurance is required. If your line of credit is paid and your home equity mortgage is discharged within three years of origination, closing costs must be returned to the Bank. Consult a tax advisor regarding deductibility of interest.
