Alliance Bank HELOC Products Comparison

Speak with a Loan Officer for more information.

All Loans subject to credit approval. APR (Annual Percentage Rate)

NEW INTRODUCTORY HELOC 10/20*

Low fixed-rate introductory offer for 12 months. After 12 months the rate becomes variable.
Introductory rate offer available on new home equity lines of $5,000 or more only or on existing lines of credit with an increase of $5,000.
Requires new or existing deposit account with direct deposit.
Minimum APR is 4.00%; Maximum APR is 18.00%
10-Year draw period with interest -only payments, then 20-year repayment period.
Minimum loan amount of $5000
Primary residence
Up to 80% Loan-To-Value
Annual Fee: $40

New Introductory HELOC 10/20- Disclosure * As of May 15 2024,
The Annual Percentage Rate (APR) on a home equity line of credit with an 80% or less loan-to-value and a credit score greater than or equal to 700 was 9.00%. This special offer has fixed-rate pricing as low as 6.99% APR for the first twelve months. Following that twelve-month period, the rate will become variable, subject to change, based on Wall Street Journal, prime rate plus a margin that is determined based on the loan-to-value in your home and your credit score at the time of application. Current rate 9.00% APR. Maximum possible APR is 18.00%. Minimum possible APR is 4.00%. An Administrative Fee of $295 will apply and a $150 evaluation fee may apply, in addition, you are responsible for certain fees to third parties, such as appraisers, credit reporting firms and government agencies, which are generally from $30-$2,500. Following the first year, there will be an annual fee of $40. Offer available on new home equity lines of $5,000 or more only or on existing lines of credit with an increase of at least $5,000. Consult your tax advisor regarding the deductibility of interest expense. Property insurance will be required. Limited time offer. Rate is subject to change.