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Rates

Whether it’s for an education or vacation, you can turn home equity into the cash you need.

Key Features

  • Competitive Rates
  • Flexible Terms
  • Local Decisions
  • Turn your home equity into cash
  • Competitive rates for several short-term or one-time needs:
    • Debt consolidation
    • Significant purchases
    • Education expenses
    • Vacations
    • And more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms (up to 15 years)
  • Interest paid may be tax-deductible*
  • Prompt, local decision-making
  • Friendly, reliable service
  • Available to residents of Tuscaloosa, Northport and the surrounding area
  •  Turn equity into a line of credit that you can use and re-use
  • Competitive rates for several one-time or ongoing needs:
    • Home improvements
    • Significant purchases
    • Education expenses
    • Vacations
    • And more!
  • Funds available anytime without reapplying
  • Apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more is available to draw from
  • Accommodating repayment terms (up to 15 years)
  • Interest paid may be tax-deductible*
  • Prompt, local decision-making
  • Friendly, reliable service
  • Available to residents of Tuscaloosa, Northport and the surrounding area

Two HELOCs to Choose From

  1. Interest rate is adjusted quarterly with level payments (1.25% of balance). The credit limit is up to 85% of appraised value. The maximum term is 7 years with a 5-year draw period.  
  2. Interest rate is adjusted monthly with interest-only payments. The credit limit is up to 95% of appraised value. The maximum term is 25 years, with a 10-year draw period.

As an added convenience, we offer HELOC checks. This means that once your HELOC has been established, you can simply write a check when funds are needed (instead of making a trip to the branch). You'll have greater flexibility, especially when the project is ongoing — or the full costs are yet to be determined.

Rates and terms subject to credit evaluation and qualification. Actual rates and terms may vary.

*Consult a tax advisor.