Home Equity Lines


You can reach your dreams.

Home Equity Lines of Credit

Put your home’s equity to work for you with a home equity line of credit (HELOC) from Lake Area Bank. Home Equity lines can help maximize your borrowing power. Whether you are making home improvements, consolidating debt, or taking the vacation of a lifetime, a home equity line of credit is an accessible and affordable way to accomplish your goals. It’s a great way to get the credit you need. . . when you need it.

Put your home to work for you right now. Apply by visiting any of our convenient locations.

Home Equity Line of Credit (HELOC)

A home equity line provides maximum flexibility to use your credit line when you want, in any increment, for just about any purchase. Payments are calculated based only on what you’ve used. If you prefer to have ongoing credit available, a home equity line of credit is a great option. A Lake Area Bank Home Equity Line of Credit (HELOC) offers:

No Closing Costs for lines up to $200,000*

Competitive Rates

10-year variable rate draw period followed by a 15-year amortized term
Up to 3 fixed rate lock options on balances advanced for 5, 10 or 15 year terms during the 10-year draw period

*No Closing Costs for Lines of Credit up to $200,000. Appraisal costs range from $180-$800. Customer responsible for any appraisal costs in excess of $180. Rates subject to change. APR is variable and based on The Wall Street Journal Prime Rate (“Prime”). As of 5/1/2020, the best rate is Prime – .50 %.  Maximum APR 18%. Minimum APR 4%. Rate listed is minimum credit score of 760 with automatic payment from a Lake Area Bank account. A minimum loan amount of $10,000 to convert to a fixed rate, with a $50 lock fee during the draw period. Property insurance required; flood insurance required if property is in a flood hazard area. Subject to change and can be discontinued without notice. Must be age 18 years or older.

Contact Lake Area Bank to get started with a HELOC today!

The following is a list of our NMLS registered Location Managers

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Additional Services

Other products and services offered by Lake Area Bank.

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