Skip to content

Rates

For a convenient source of revolving credit, turn to your home equity. As your principal is repaid, more funds become available.

Key Features

Revolving Credit

Local Processing

Quick Decisions

  • Competitive financing for ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Home improvements
    • Debt consolidation
    • Flexible repayment terms
    • And much more
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit, as principal is repaid, more becomes available for use
  • Accommodating repayment terms that work uniquely for you
  • The interest paid may be tax deductible1
  • Local decision-making and processing
  • Attentive, friendly service from start to finish

1Consult a tax advisor.

  • IL Property Only, Primary Residence, Owner Occupied, Single Family Residence or Condo (no multi-unit or co-op properties)
  • Rate floor on floating rate line of credit program is 4.50% 
  • Processing fee $195/file at closing
  • 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 amount per draw is $500
  • Property insurance is required
  • Credit subject to approval
  • 10 Year Interest Only Draw Period/10 Year Principal and Interest Repayment Period
  • 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 to Prime+2.75, subject to change with Prime. As of today, the Prime Rate is 5.25%. The "floor" is 4.50% and 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 Disclosures:

Note: Credit and other restrictions may apply. Annual Percentage Rate (APR) can change on the first business day of the month following the change to the Wall Street Journal Prime Rate. There is no limit on the amount by which the annual percentage rate can change during any one-year period. However, under no circumstances will your Annual Percentage Rate exceed 19.90% per annum, or go below 4.50% per annum at any time during the term of the Plan. 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. This Annual Percentage Rate could be reached immediately or prior to the first payment. Payments do not include amounts for taxes and insurance. There is a processing fee of $195 due at closing. Annual Percentage Rate varies based on a maximum loan to value 80%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Funds will be disbursed after the federally mandated cancellation period. 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 Disclosures:

Note: Credit and other restrictions may apply. Annual Percentage Rate (APR) can change on the first business day of the month following the change to the Wall Street Journal Prime Rate. There is no limit on the amount by which the annual percentage rate can change during any one-year period. However, under no circumstances will your Annual Percentage Rate exceed 19.90% per annum, or go below 4.50% per annum at any time during the term of the Plan. 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. This Annual Percentage Rate could be reached immediately or prior to the first payment. Payments do not include amounts for taxes and insurance. There is a processing fee of $195 due at closing. Annual Percentage Rate varies based on a maximum loan to value 85%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Funds will be disbursed after the federally mandated cancellation period. 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:

Note: Credit and other restrictions may apply. Annual Percentage Rate (APR) can change on the first business day of the month following the change to the Wall Street Journal Prime Rate. There is no limit on the amount by which the annual percentage rate can change during any one-year period. However, under no circumstances will your Annual Percentage Rate exceed 19.90% per annum or, go below 4.50% per annum at any time during the term of the Plan. 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. This Annual Percentage Rate could be reached immediately or prior to the first payment. Payments do not include amounts for taxes and insurance. There is a processing fee of $195 due at closing. Annual Percentage Rate varies based on a maximum loan to value 90%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Funds will be disbursed after the federally mandated cancellation period. 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.

Free ATMs

Find a free STAR® ATM now