Bills Stacking Up?
It's a great time for our Home Equity Line of Credit Special!

4.49% APR*

for 6 months, and no processing fees**!

*Annual Percentage Rate    After the introductory rate expires, APR may be as low as the Prime Rate.
Offer good for all qualified applications and is to subject to change at any time without notice.
Only available for new Evergreen Bank Group Home Equity customers. Minimum draw of $20,000 required at closing to qualify for introductory rate of 4.49% for 6 months and for the **$295 processing fee to be waived.
 

Call a Consumer Lending Specialist at (888) 505-BANK (2265) or
click our APPLY NOW button below to apply online today!



Prefer a paper application? Print our application by clicking the link below - mailing instructions are on the application.
Evergreen HELOC Printable Application

Key Features

  • Revolving Credit
  • Local Processing
  • Quick Decisions

A HELOC offers competitive financing for ongoing or seasonal needs:

  • Education expenses
  • Major life events
  • Home improvements
  • Debt consolidation
  • Flexible repayment terms

Benefits to opening an Evergreen Home Equity Line of Credit:

  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit, as principal is repaid, more becomes available for use
  • The interest paid may be tax deductible3
  • Local decision-making and processing
  • Attentive, friendly service from start to finish
  • 10 Year Interest Only Draw Period/10 Year Principal and Interest Repayment Period
  • IL Property Only, Primary Residence, Owner Occupied, Single Family Residence or Condo (no multi-unit or co-op properties)
  • Processing fee $295/file at closing WAIVED DURING INTRODUCTORY OFFER TIME PERIOD
  • Annual Fee $50
  • Early Termination Fee (if account is closed within 24 months of opening) $350
  • HELOC payments are due on the 25th of each month (statements are generated on the last day of each month)
  • Minimum advance draw is $500 after initial $20,000 draw.
  • Property insurance is required
  • Credit subject to approval
  • Rates are variable and are based on the Wall Street Journal Published Prime Rate
  • Rates, terms, and conditions are subject to change at any time

APR (Annual Percentage Rate) based on your Combined Loan-to-Value (CLTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime + 0.00% to Prime + 2.50%, subject to change with Prime. As of today, the Prime Rate is 6.25%. The "ceiling" is 19.90%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation. The floor rate is the minimum rate you may be charged on the line of credit. Your rate may never go below the floor rate, regardless of the Index + margin rate.

80% Combined Loan to Value Program

Combined Loan to Value: up to 80% Maximum Loan Amount $175,000

Amount

Interest Rate (Prime 6.25%)

APR*

$100,000 to $175,000

Prime + .00% to Prime + 1.00%

6.25% to 7.25%

Up to $99,999

Prime + .25% to Prime + 1.25%

6.50% to 7.50%

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 80%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Offer applies to an owner occupied single family residence or condo and is subject to underwriting standards. Property insurance is required; flood insurance may be required. Rates are dependent on your loan amount, product and qualifications. Closing costs paid by Evergreen Bank Group are limited to title, appraisal, credit report, flood determination and recording fees. Consult your tax advisor regarding the tax-deductibility of interest. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Offer subject to credit approval, including verification of application information and receipt of collateral documents. This offer does not apply to purchase money transactions.

85% Combined Loan to Value Program

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $125,000

(80% when 1st Mortgage Exceeds $1,000,000)

Amount

Interest Rate (Prime 6.25%)

APR* 

$50,000 to $125,000

Prime + .75% to Prime + 1.75%

7.00% to 8.00%

Up to $49,999

Prime + 1.00% to Prime + 2.00%

7.25% to 8.25%

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 85%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Offer applies to an owner occupied single family residence or condo and is subject to underwriting standards. Property insurance is required; flood insurance may be required. Rates are dependent on your loan amount, product and qualifications. Closing costs paid by Evergreen Bank Group are limited to title, appraisal, credit report, flood determination and recording fees. Consult your tax advisor regarding the tax-deductibility of interest. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Offer subject to credit approval, including verification of application information and receipt of collateral documents. This offer does not apply to purchase money transactions.

90% Combined Loan to Value Program

Combined Loan to Value: 85.01% - 90% Maximum Loan Amount $100,000

Amount Interest Rate (Prime 6.25%) APR* 
$50,000 to $100,000 Prime + 1.25% to Prime + 2.25% 7.50% to 8.50%
Up to $49,999 Prime + 1.50% to Prime + 2.50% 7.75% to 8.75%

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 90%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Offer applies to an owner occupied single family residence or condo and is subject to underwriting standards. Property insurance is required; flood insurance may be required. Rates are dependent on your loan amount, product and qualifications. Closing costs paid by Evergreen Bank Group are limited to title, appraisal, credit report, flood determination and recording fees. Consult your tax advisor regarding the tax-deductibility of interest. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Offer subject to credit approval, including verification of application information and receipt of collateral documents. This offer does not apply to purchase money transactions.

1Annual Percentage Rate. 

2Processing fee $295 waived during promotional introductory period.

3Consult a tax advisor.

Home Equity Line of Credit Product is variable, may change monthly, and will not exceed 19.90% APR. Home Equity Line of Credit Product is 10 Year Interest Only Draw Period/10 Year Principal and Interest Repayment Period. 10 Year Interest Only Draw Period/10 Year Principal and Interest Repayment Period.IL Property Only, Primary Residence, Owner-Occupied, Single-Family Residence or Condo (no multi-unit or co-op properties). Annual Fee $50 will be assessed. Early Termination Fee (if account is closed within 24 months of opening) $350.00. Minimum advance amount per draw is $500.Property insurance is required, Consult a tax advisor.

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