A home equity line of credit (HELOC) is a revolving line of credit that allows you to borrow against the available equity in your home while using your home as collateral. HELOC’s provide easy access to funds with the flexibility to borrow as little or as much as you need up to your established credit limit. As you repay the balance you withdrew, payments applied to the principal balance will replenish your line of credit and will be available for future use, if needed.
When you apply for a HELOC with Reliant, you receive the unique benefit of local decision making and underwriting. Our team’s knowledge about our communities and the needs of our borrowers is a great addition to the exceptional service our bankers provide.
- Lower interest rate than other types of loans
- Does not require refinancing your primary mortgage
- Interest paid may be tax deductible1
- Easy access to funds when you need it
- Reusable source of funds
In addition to the benefits above, Reliant offers the following benefits:
- Up to 89.99% LTV (Loan to Value)
- Flexible interest only payment option2
- No annual fee
- No early termination fees
- Local decision-making and processing
- Purchase money options up to 85% LTV
How could you take advantage of a HELOC?
- Home improvements
- Debt consolidation
- Other large expenses
Get started with your HELOC today.
Find a nearby Reliant location.
A home equity line of credit (HELOC) is a revolving line of credit that allows you to borrow against the available equity in your home while using your home as collateral.
Have additional questions?
Please reach out to us directly or stop by one of our branches.
All loans are subject to credit approval. Any approved HELOC is subject to closing costs. The estimated account opening fees and charges range from $291-$307. HELOC plans have a variable rate feature. The Annual Percentage Rate (APR) and minimum payment can change as a result. Your APR will not exceed 21%.
1Consult a tax advisor regarding the deductibility of interest.
2 If you make the minimum payment of interest only, you will be required to pay the entire outstanding balance in a single balloon payment at the end of the interest period. Anything paid in addition to your monthly interest payment will reduce your principal balance.