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A Home Equity Line of Credit (HELOC) may be right for homeowners who prefer:

  • The flexibility to access available funds now and in the future
  • A lower interest rate than many other types of credit
  • The ability to select a monthly payment that fits their budget

Example: Gloria and Jay need help financing repairs and improvements in their home. They need a source of funds to pay for ongoing expenses throughout the different phases of each project. With a HELOC from Arcadian Bank they can:

  • Access available funds from their line of credit to pay expenses
  • Benefit from interest that may be tax deductible
  • Select a fixed interest rate of 2 years or 5 years
How It Works

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  • Ability to access your line of credit at anytime with an Arcadian Bank debit card, checks, auto sweeps, or transfers through our online and mobile banking
  • Access available funds if you pay down the line of credit balance without the need to re-apply
  • 10 year loan term
Interest Rates

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  • Competitive interest rates
  • Interest rates are locked for the first 2 or 5 years depending on which product is selected, thereafter the rate adjusts when the Wall Street Journal Prime Rate adjusts
Making Payments

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  • Monthly interest-only payments required
  • Make additional payments to pay down your line of credit balance at any time without penalty
  • Balloon payment due at the end of 10 year term if no principal payments have been made

Meet our Mortgage Team

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Susie Miller

Vice President, Senior Mortgage Lender

NMLS#2137037

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Katlin Peterson

Mortgage Loan Processor/Analyst

NMLS#2037309

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Angie Voigt

Senior Mortgage Analyst/Underwriter

NMLS#2042407

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Jaden Atz

Mortgage Servicing Specialist

NMLS#1700998