Promotional Home Equity Line of Credit Offer

4.99% Home Equity Line of Credit

  • Special 4.99% Annual Percentage Rate (APR) for 1st 6 billing cycles- the rate will not increase during that period of time.
  • Minimum Initial advance of $10,000 at origination
  • Available for new Home Equity Line of Credit applications received from February 1, 2024 – February 29, 2024
  • Refinance of an existing Bank of Clarke Home Equity Line is not eligible for this offer

Features & Benefits: 

  • Lower interest rates than credit cards or personal loans
  • Tax deductibility advantages
  • Revolving line of credit allows you to borrow as little or as much as you need
  • Flexibility to pay down and reuse your HELOC
  • Convenient access to funds – by check, by phone, at a branch, or through online banking
  • A 10-year term with the possibility to refinance at maturity -- as the equity in your home grows, we may increase the amount of your line at this time]


Apply Here

Refinance of an existing Bank of Clarke Home Equity Line is not eligible for this offer.

*Subject to credit approval. This is a variable rate loan. Refinancing of existing Bank of Clarke Home Equity Lines of Credit are not eligible for this offer. All rates and terms are subject to change without notice. Please contact us for more information. Bank of Clarke will pay all closing costs for HELOCs up to $500,000 unless the HELOC is terminated within the first three years of origination. Closing costs start with a $250 origination charge plus any attorney’s fees, appraisals, recording costs, credit report fees, as well as any other fee that may be assessed in association with the loan origination. Closing costs generally range between $300 and $4,500. The introductory rate is fixed for six months and, after the fixed period, will change to a variable rate transaction which means the APR, minimum payment amount, and final payment amount may change monthly. During the variable rate period, the APR will be determined based on the Wall Street Journal Prime Rate plus a margin and will be rounded to the nearest 0.125%. As of January 1, 2024, the Wall Street Journal Prime Rate is 8.50%. The margin is based on several factors including credit score, loan to value, and loan amount. The APR does not include costs other than interest. Under no circumstance will the APR go below 4.00% or exceed 24.00%.