Home Equity Lines of Credit

A Home Equity Line of Credit is a revolving credit line that can provide a source of continuing credit for homeowners who have built up equity in their homes. Customers may easily access their approved line for any purpose they choose, personal or business, simply by requesting an automatic deposit to their pre-authorized checking account. The loan is secured by a mortgage against the borrower’s primary residence.

Rate*: 7.75%

APR*: 7.75%

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Disclosure: Your Home is On the Line
Disclosure: Home Equity Application Disclosure

Download our application here: Home Equity Application and Disclosure

All rates are effective Sunday, March 26th, 2023

Home Equity Line of Credit Disclosure: *The APR shown includes a 0.25% discount for maintaining automatic payments from a qualifying Quaint Oak Bank Checking account. If you or Quaint Oak Bank terminate the automatic payment feature or close the Quaint Oak Bank checking account, your APR will increase by 0.25%, and your monthly payment will increase accordingly. Loan-to-value (LTV) ratio not to exceed 80%. Maximum LTVs may be reduced based on customer credit worthiness. Available on one family primary residence, excluding: condos, mobile homes, co-ops, investment properties, homes for sale, under constructions or leased land. Annual Percentage Rate (APR) is variable based on Wall Street Journal Prime which is 8.00% as of Thursday, March 23, 2023. Maximum APR is 18% with a floor of 2.50%. Minimum line amount is $10,000. Maximum line amount is $300,000. Property insurance is required. Title insurance may be required for loan amounts of $200,000 or more. A balloon payment may result. Rates subject to change without notice. Loans subject to credit approval.