Home Equity Line of Credit

Use the equity in your home to make your dreams come true! Our convenient Home Equity Line of Credit provides you with ongoing borrowing power which can be used to finance a number of expenses, from home improvements to debt consolidation to higher education. And, because this is a revolving line, you can borrow, repay, and borrow again, simply by writing a check.

Features and Benefits

  • Availability from $25,000 to $250,000
  • Borrow up to 90% of your home’s equity
  • CFB pays up to $1,500 in closing costs**
  • 10-year interest only draw period followed by a 15-year repayment period*
  • Interest payments may be tax deductible (please check with your tax advisor)

HELOC special as of 06-2017.

To apply, visit your nearest County First Bank branch or call for more information. Click here for branch locations and contact information.

Click here for the Home Equity Line Application Package.

*Credit is subject to Credit Approval. Annual Percentage Rate (APR) as of June 15, 2017, and may change at any time without notice. The promotional rate will not apply to any existing County First Bank HELOC customers. Purchase or Bridge Loans transactions are not eligible for the promotional rate and are required to pay all closing costs. Three months after the line is opened, the introductory rate will convert to a variable annual percentage rate. The maximum APR over the life of the loan is 24%. Minimum APR over the life of the loan is 4.25% and will depend on your creditworthiness and the amount of equity in your home at the time of application. Annual Percentage Rate may increase after consummation. County First Bank will take a security interest in the property purchased or property identified in the loan. Property insurance is required and flood insurance may be required. Some restrictions may apply. Limited time offer. See your local branch for more details. Home equity lines of credit have an initial draw period of 10 years, followed by a 15 year repayment schedule.

**County First Bank will pay on the borrower’s behalf certain security interest charges (“closing costs”) up to $1,500.00 (additional closing costs are paid by the borrower at account opening). If you close your account within 36 months of account opening, however, we will add the total closing costs County First Bank paid on your behalf to your payoff amount for the reimbursement of those fees. Total closing costs generally range from $1,500 to $2,500. The amount can vary depending on the original line of credit amount approved.

***After the initial three months, the interest rate adjusts to a variable rate equal to the Wall Street Journal Prime Rate plus a margin based on your creditworthiness and the amount of equity in your home (current APRs range from 4.25% APR to 6.25% APR). Rates shown are for a credit line with an LTV (Loan-To-Value) ratio of 90% or less of current appraised value of property securing the line less the balance of the borrower’s first mortgage. Other terms, rates and loan amounts are available.

Note: all lines of credit subject to credit approval.