Home Equity Line of Credit
A Home Equity Line of Credit lets you turn your home’s value into a flexible source of funds when you need it. With competitive rates and a simple process, SmartBank makes it easy to put your equity to work.
Let Your Home’s Equity Work for You
Enjoy zero closing costs on HELOCs up to $250,0001
Borrow smarter with rates as low as
Prime – 0.25%2
Up to 89.9% Loan-to-Value (LTV)³
Manage and access your HELOC through online banking
Common uses of a HELOC
Home Improvements
Debt Consolidation
Combine existing balances into a single line of credit to simplify monthly payments.
Emergency Funds
Access funds to help manage unexpected expenses as they arise.
Medical Expenses
Help cover qualifying medical costs not fully paid by insurance.
How Much Can I Borrow?
Important Home Equity Line of Credit Terms
- Third party closing costs generally total between $225 and $3,000; includes, but is not limited to, fees for appraisers, credit reporting firms, government agencies, attorneys and title companies. Property insurance is required. SmartBank provides a lender credit to cover all closing costs for new HELOCs with line amounts up to $250,000. SmartBank provides a lender credit of up to $500 toward closing costs for new HELOCs with line amounts greater than $250,000; you are responsible for the cost of any appraisal and any closing costs in excess of $500. If you close your HELOC and satisfy the lien on your property within 24 months of origination, you will owe only the closing costs SmartBank paid on your behalf. SmartBank will add those closing cost amounts to your HELOC balance, and they will be included in your payoff amount due. Ask an associate for terms applicable to modifications for increases to existing SmartBank HELOCs.
- Annual Percentage Rate (APR): The APR is variable and based on the Wall Street Journal U.S. Prime Rate (6.75% as of July 19, 2026) plus a margin based on credit score:> 0.00% margin = 6.75% APR
> 1.00% margin = 7.75% APR
> 1.50% margin = 8.25% APR
> Minimum APR: 3.25%
> Maximum APR: 18.00%Rate Discount: A 0.25% APR reduction is available when payments are automatically drafted from a SmartBank checking account.
- 89.9% LTV for qualified borrowers, actual LTV limits may be lower.
All loans are subject to credit and collateral approval. Terms disclosed are accurate as of July 19, 2026; after this date the terms may change at any time. Ask us for current information. This is not an offer to extend credit or a commitment to lend, and additional eligibility requirements and restrictions may apply.
NMLS #604758