Home Equity Line of Credit

Special Introductory Offer

Competitive Rate
Low Closing Costs
Fast Turn-around

2.50% for 12 months*

Use your home's equity for improvements, purchases, or debt consolidation.

  • 2.50% for initial 12 months
  • Variable APR 3.50% (prime + 0.25%) for remaining term
  • Loan to Value not to exceed 80%
  • No minimum draw, primary residences and new lines only

Contact us about our HELOC Special today!

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*Introductory APR shown effective for the first 12 months.  After the introductory period the Annual Percentage Rate (APR) may vary monthly and will be based on the Prime Rate as listed in the Wall Street Journal (Prime) plus a margin.  Rates effective as of 5/11/2020.  Personal Premium Checking account from Centreville Bank, or Premier Relationship Checking account from Putnam Bank is required to get the intro APR.  After the introductory rate period the rate will be set at Prime +.25%.  Other terms, conditions and restrictions apply.  Subject to credit approval.  Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.25%.  Check the Wall Street Journal for the current Prime Rate. The term of the HELOC is 25 years:  10-year draw period, 15-year repayment period.  A minimum payment of $10.00 will be assessed on the HELOC for each billing period in which there is an outstanding balance.  The minimum payment during the draw period will equal  the finance charges (interest) that accrued on the outstanding balance during the preceding month.  The minimum payment during the repayment period will be all accrued and unpaid finance charges and any past due past due principal plus 1/180th of the principal balance at the beginning of the repayment period.  If property is held in a Trust a review fee of up to $500.00 may apply. Property insurance is required.  Flood insurance where required by law.  1-4 family, owner occupied primary residences only.  Maximum loan-to-value of 80%.  Consult your tax advisor regarding the deductibility of interest.  Additional restrictions may apply.  Fees charged to the customer will apply under the following circumstances: Annual Maintenance Fee of $50.00 (Annual Maintenance Fee will be waived if the tax reporting owner has a Personal Premium Checking account or Premier Relationship Checking account); Early Termination Fee of $350.00 if the line is closed within 2 years from the note date; If the loan amount is greater than $250,000 and in first position, the Borrower will be required to pay for Title Insurance Policy, Municipal Lien Certificate, and Survey Deletion Letter. These fees generally total between $650.00 and $1,500.00. Rates are subject to change. Offer may be withdrawn at any time.