Take advantage of our special, introductory offer of 5.99%* APR for the first 6 months after the loan funds on our HELOC Interest-Only and HELOC 360 products.
Tapping into your home's equity for remodeling your home can help you cover costly expenses and potentially increase your property’s value. It’s a great tool for unplanned expenses, consolidating higher interest rate debt like credit cards or auto loans, and financing a home remodel or repairs.
For a limited time, we are waiving many fees that are commonly charged, too:
You can also access your home’s equity with a cash-out refinance, where your existing home loan is replaced with a new one at a higher loan amount than you owe, and you receive any remaining funds to use as you wish. Call us to learn more.
Consult with one of our local loan agents by calling
(877) 243-9592 today for a no obligation consultation.
Home Equity Line of Credit features variable rates based on the Prime Rate published each day in The Wall Street Journal Money Rates Table (the "Index"), plus a margin. The APR can change monthly, but will not vary above 18% APR, or below 3.99% APR for 1-4 family owner-occupied/second homes. For non-owner occupied 1-4 family homes the APR will not go below 5.99%. The index as of the last date changed on 12/19/2024 is 7.50%. As of 12/19/2024, the variable rate for home equity credit lines of $20,000-$250,000, with a combined-loan-to-value ratio (CLTV) up to 75% range from 8.00% APR to 8.25% APR on an owner-occupied 1-4 family residence and from 9.50% APR to 9.75% APR on non-owner occupied 1-4 family homes. APR includes a 0.25% interest rate discount for maintaining automatic loan payments (ALP) from a Fremont Bank personal checking account. ALP discount only applicable as long as automatic payments are set up from a Fremont Bank personal checking account. Only one ALP discount per home equity line of credit will apply. The removal of any discount will increase the rate. Higher rates may apply for credit limits below $20,000 or above $250,000, and/or lien position. Rates are subject to change without notice.
We may reduce or suspend your credit limit if any of the conditions that existed at the time your HELOC was opened change significantly, such as the value of your home declines, we reasonably believe you may no longer be able meet the repayment terms, or you default on a material provision of your HELOC agreement.
Choosing a minimum interest-only monthly payments will not repay the principal that is outstanding on your line. Your monthly payment may increase, possibly substantially, once your credit line transitions into the repayment period.
Consult your tax advisor regarding the deductibility of interest and charges.
* The introductory rate promotion applies to new Home Equity Lines of Credit (HELOC) on single family, owner-occupied primary, second homes and investment properties only; excludes purchase combo (“piggyback”) second liens. The 6-month promotional Annual Percentage Rate (APR) for the first 6 months after the loan funds will be fixed at 5.99% for primary and second homes, and fixed at 6.49% on investment properties. After the introductory rate period ends, the loan will become a variable rate loan and all remaining balances will convert to the variable rate based on the Prime Rate in effect as published in The Wall Street Journal, plus a margin, per the terms of borrower’s credit agreement. The minimum monthly payments will be interest-only payments. All home loan programs are subject to credit qualification, income verification, and collateral evaluation. Additional restrictions, limitations and exclusions may apply. Property insurance, may include flood insurance, required.
** The $250 Application Fee and $95 Set-Up Charge are waived when you apply by 6/30/2025. You may also be required to pay certain fees to open this credit line. These fees generally total between $0 and $900. The $75 Annual Fee is waived for the first year. After the first (1st) year, during the Draw Period, you will be required to pay an Annual Fee of $75 for each year the account is open, whether it is used or not. The Annual Fee will not be refunded in whole or in part and will be owed to the bank once it is posted to your account, even if the account is subsequently changed, frozen, closed or terminated for any reason. If you terminate your HELOC account within 36 months of opening it, you will be required to pay an early closure fee of $500 plus any reconveyance and recording fees Fremont Bank paid on your behalf.
1 No Closing Cost Loans are subject to terms and conditions of Fremont Bank's Application Fee Agreement, which lists the specific costs and fees the borrower will not pay. Borrower is responsible for paying all fees and charges imposed by brokers or an existing third party lender (for example, payoff demand statement fee and/or a reconveyance fee) as well as any prepayment penalty imposed by any third party lender or Fremont Bank.