Tap into your home equity with rates as low as 7.375% APR¹!

Sound Community Bank’s Home Equity Line of Credit (HELOC Plus) is a revolving line of credit, often with a lower interest rate than credit cards. Interest is only charged on the amount you use. If you don’t need it, don’t use it! Once you’ve secured a HELOC, it’s yours to use for whatever project or expense comes your way. Borrow up to 80% of your home’s value with no appraisal required for loans under $250,000.

 

Resources

• Home Equity Line of Credit Pre-Disclosures  
• What You Should Know About Home Equity Lines of Credit (from the Consumer Financial Protection Bureau) 
• Adjustable Rate Mortgages (consumerfinance.gov)

 

Contact a loan officer to find out what you qualify for.

 

Apply Now

 

 

1. HELOC: The Annual Percentage Rate (APR) is variable and is based upon an index plus a margin. The available variable rate ranges from 5.00% APR to 18.00% APR as of 06/01/2025 and is based on the Prime Rate in effect on the first business day of each calendar month, plus or minus your margin, but will never exceed 18.00% or go below 4.00%. Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the HELOC.  As of 05/01/25, the best available rate of 7.375% is based on a first lien HELOC up to $250,000, a loan-to-value (LTV) of 60% or less, and a credit score of 760 or greater. 

2. The APR for Fixed Rate Advances (FRA) currently ranges from 5.00% to 18.00% APR. The FRA APR will be the rate in effect when the FRA is established, which can only occur once the HELOC funds and an advance is taken. Your specific APR(s) is determined by your creditworthiness and property. During the draw period, your monthly payment will equal the amount of accrued interest, subject to the lesser of $100 or your outstanding balance. Because the minimum monthly payment during the draw period is potentially interest only, your principal balance may not be reduced. During the repayment period, your monthly payment will increase and equal the amount of principal and interest necessary to pay off the loan balance by the end of the 180-month repayment period.

3. Offer of credit is subject to credit approval; annual fee of $50 charged on anniversary date. Investment properties up to 75% LTV. $250 fee per installment.

NMLS# 414462