Home Equity Lines of Credit

Funds at the ready

Tap into your home’s equity

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Home Equity Lines of Credit

Flexible. Convenient.

Many of our clients find that a Home Equity Line of Credit (HELOC) is a great tool for unplanned expenses or consolidating higher interest rate debt like credit cards or auto loans. They're also ideal when it comes to financing a home remodel or repairs. And if you don't need to draw on the equity line now, that's OK. Enjoy knowing it's there now and when you need it for whatever you decide to use your HELOC account for. Now, we offer even more options with our HELOC Interest-Only and HELOC 360 plans. Read on to learn whether either is right for you.

Take advantage of our special, introductory offer of 2.99% APR for the first 9 months on our HELOC Interest-Only and HELOC 360 products. 
Home Equity Line of Credit Calculators
HELOC Calculator

Is a HELOC Right For You?

There are several different factors which determine the amount you can borrow and at what interest rate. Use this calculator to help you estimate what your monthly payment could be on a Home Equity Line of Credit.

Find Your HELOC
Debt Consolidation Calculator

Too Much High-Interest Debt?

A Home Equity Line of Credit can be used to consolidate high-interest debt such as credit cards or installment loans into a single monthly payment. Try our Debt Consolidation Calculator to see if a HELOC is right for you.

Calculate Your Payments

Benefits of Home Equity Lines of Credit include:  

  • Competitive interest rates. Interest rates are generally lower than other types of credit like credit cards and auto loans.
  • Access to funds. Access available funds during the draw period when you need it by simply writing a check for as little as $300, transferring funds to your Fremont Bank checking account online, or in person at one of our branches.
  • Flexible payments. Make payments only on the portion you use.
  • Revolving credit line. As you pay down the balance, the available credit line amount becomes available for use again during the Draw Period.

We offer the following HELOC products:  
Home Equity Interest-Only
Home Equity 360
25 Year Term (10-year Draw Period followed by a 15-year Repayment Period) 30 Year Term (10-year Draw Period followed by a 20-year Repayment Period)
Interest-Only payment option** during the Draw Period allows greater payment flexibility Monthly amortizing payments comprised of principal and interest during both the Draw and Repayment Periods
Qualifying ratios are more demanding to assure borrowers have the ability to repay the loan Qualifying ratios are more flexible which allows borrowers to have greater purchasing power
Competitive market rates for Interest-Only option on primary residences Primary residence rates reflect a lower margin than on our Interest-Only HELOC

If minimum payment is made during 10-year Interest-Only period this product will not build equity; monthly minimum payments cover only the interest

Every payment helps rebuild equity by reducing principal balance

For a limited time* we are waiving many fees that are commonly charged:

  • No Application Fee2
  • No Closing Costs1
  • No Set-Up Charge2
  • No Annual Fee For the First Year2
  • Rate Discount With Automatic Loan Payment from a Fremont Bank Personal Checking Account1


Here’s how they work

With a Home Equity Line of Credit, you are borrowing money from the available equity in your home. A home's equity is typically defined as the difference between the appraised value of the home and the outstanding mortgage balance. Generally you can borrower up to 80% of the value of your home less the amount you owe.



Ready to get started?

Consult with one of our local loan agents by calling 877-969-1846.  Find out how easy it is to access your home’s equity.

* Offer available for new applications submitted by 12/31/2020. The introductory rate promotion applies to new Home Equity Lines of Credit (HELOC) on single family, owner-occupied primary, second homes and investment properties; excludes purchase or refinance combo (“piggyback”) second liens. The promotional Annual Percentage Rate (APR) for the first 9 months will be fixed at the 2.99% for primary and second homes, and fixed at 3.99% on a HELOC 360 for investment properties. After the introductory rate period ends, the loan will become a variable rate loan and all remaining balances will convert to the variable rate based on the Prime Rate in effect as published in The Wall Street Journal, plus a margin, per the terms of borrower’s credit agreement. The minimum monthly payments will be interest-only payments. All home loan programs are subject to credit qualification, income verification, and collateral evaluation. No other discounts are eligible during the introductory period including ALP. Additional restrictions, limitations and exclusions may apply. Property insurance, may include flood insurance, required.

Home Equity Line of Credit features variable rates based on the Prime Rate published each day in The Wall Street Journal Money Rates Table (the "Index"), plus a margin. The APR can change monthly, but will not vary above 18% APR, or below 3.99% APR for 1-4 family owner-occupied/second homes. For non-owner occupied 1-4 family homes the APR will not go below 5.99%. The index as of the last date changed on 3/17/2020 is 3.25%. As of 3/17/2020, the variable rate for home equity credit lines of $20,000-$250,000, with a combined-loan-to-value ratio (CLTV) up to 75% range from 3.99% APR to 4.50% APR on an owner-occupied 1-4 family residence and from 5.99% APR to 6.24% APR on non-owner occupied 1-4 family homes. APR includes a 0.50% interest rate discount for maintaining automatic loan payments (ALP) from a Fremont Bank personal checking account. ALP discount only applicable as long as automatic payments are set up from a Fremont Bank personal checking account. Only one ALP discount per home equity line of credit will apply. The removal of any discount will increase the rate. Higher rates may apply for credit limits below $20,000 or above $250,000, and/or lien position. Rates are subject to change without notice.


We may reduce or suspend your credit limit if any of the conditions that existed at the time your HELOC was opened change significantly, such as the value of your home declines, we reasonably believe you may no longer be able meet the repayment terms, or you default on a material provision of your HELOC agreement.

** Paying the minimum interest only monthly payments will not repay the principal that is outstanding on your line. Your monthly payment may increase, possibly substantially, once your credit line transitions into the repayment period.


1 No Closing Cost Loans are subject to terms and conditions of Fremont Bank's Application Fee Agreement, which lists the specific costs and fees the borrower will not pay. Borrower is responsible for paying all fees and charges imposed by brokers or an existing third party lender (for example, payoff demand statement fee and/or a reconveyance fee) as well as any prepayment penalty imposed by any third party lender or Fremont Bank. Loans with lower nominal interest rates may be available to borrowers willing to pay points and fees.


2 The $250 Application Fee and $95 Set-Up Charge are waived when you apply by 12/31/2020. You may also be required to pay certain fees to open this credit line. These fees generally total between $0 and $900. The $75 Annual Fee is waived for the first year. After the first (1st) year, during the Draw Period, you will be required to pay an Annual Fee of $75 for each year the account is open, whether it is used or not. The Annual Fee will not be refunded in whole or in part and will be owed to the bank once it is posted to your account, even if the account is subsequently changed, frozen, closed or terminated for any reason. For credit lines of $25,000 and higher, if you terminate your HELOC account within 36 months of opening it, you will be required to pay an early closure fee of $500 plus any reconveyance and recording fees Fremont Bank paid on your behalf.

Consult your tax advisor regarding the deductibility of interest and charges.

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