Home Equity Line of Credit and Loans


Let the equity in your home work for you. Home Equity Lines of Credit and Loans are great ways to pay off high-interest credit cards, consolidate debt, improve the look of your home, or pay for big expenses, like your child’s dream wedding. They can also provide possible tax deductibility advantages.4

A Home Equity Line of Credit (HELOC)1 may be better for you if you:

  • Need a revolving credit line to borrow from and pay down multiple times
  • Want a credit line available for future emergencies

Other advantages of a HELOC from Bank of Clarke include:

  • HELOC financing up to 100% of your home’s value2
  • Credit limits up to $1 million2
  • We will pay all closing costs on eligible new variable-rate HELOCs up to $500,0003
  • Revolving line of credit allowing you to borrow as little or as much as you need, up to your credit limit
  • Convenient access to funds by check, by phone, at a branch, or through online banking

More Features and Benefits:

  • Lower interest rates than credit cards or personal loans1
  • Possible tax deductibility advantages4
  • Revolving line of credit allows you to borrow as little or as much as you need
  • Flexibility to pay down and reuse your available credit
  • A 10-year term with the possibility to refinance at maturity2


A Home Equity Loan may be the best choice for you if you:

  • Know the exact amount of funding you need for a one-time, fixed expense
  • Don’t want to access a new credit line and risk creating more debt
  • Need a monthly payment that doesn’t fluctuate


For more information on Home Equity products contact a consumer lender or visit a branch. 

Ready to apply for a Home Equity Line or Loan? Click Apply Now to submit the application and a member of our Consumer Lending Team will be in touch.


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All loans are subject to credit approval. Ask for details.

1 This plan has a variable-rate feature. The ANNUAL PERCENTAGE RATE (APR), minimum payment amount, and final payment amount may change monthly. The APR does not include costs other than interest and is based on the Wall Street Journal Prime Rate plus a margin and may vary based on credit score, loan-to-value ratio, loan amount, collateral, and other underwriting factors. The APR will never be less than 4.00% or greater than 18.00%. Rates and terms are subject to change without notice. Effective September 16, 2026, the Wall Street Journal Prime Rate is 7.00%.

2 Maximum combined loan-to-value ratios, loan amounts, credit limits, and line increases are subject to credit approval, underwriting requirements, property eligibility, and program limitations. Financing up to 100% of a home’s value is available only on owner-occupied primary residences. The maximum loan amount available for 100% financing is $100,000. Funds may not be used for purchase-money transactions. Credit limits up to $1 million may be available for qualified borrowers. Any refinance, renewal extension or increase in credit limit at maturity is subject to then-current underwriting standards and product availability.

3 Bank of Clarke will pay closing costs on eligible new variable-rate HELOCs up to $500,000 secured by an owner-occupied single-family residence. If the HELOC is terminated within the first three years after origination, the borrower must reimburse the Bank for certain third-party closing costs paid on the borrower’s behalf. Covered closing costs may include a $250 origination fee, attorney fees, appraisal fees, recording fees, credit report fees, and other fees associated with loan origination. Total closing costs generally range from approximately $300 to $4,500.  

4 Please consult your tax advisor regarding the deductibility of interest and other loan charges. Tax benefits will vary based on your individual circumstances.