Home Equity Lines
of Credit

Tap into your home’s available equity and get funds for renovations and more. Our industry-leading digital application streamlines the application process. We also offer two Home Equity Lines of Credit (HELOC) options so you can get the right loan for your needs. Call us to learn more!

Talk to a HELOC expert (877) 969-1846
HELOC Features

Put Your Home’s Equity to Work

A Home Equity Line of Credit (HELOC) is a great tool for unplanned expenses or consolidating high interest rate debt like credit cards or auto loans. It’s also ideal for financing a home remodel or repairs. Draw on the equity line now, or whenever you need it. Find out why you should choose Fremont Bank.

How HELOCs Work

With a HELOC, you’re borrowing money from the available equity in your home. A home’s equity is typically defined as the difference between the home’s appraised value and the outstanding mortgage balance. Generally, you can borrow up to 80% of your home’s value less the amount you owe.

No Closing Costs1

For a limited time2 pay no application fee, no closing costs1, no set-up charge, and no annual fee for the first year. Rate discount available with automatic loan payments from a Fremont Bank personal checking account.

First Lien HELOC Discount

Many clients carry a small first mortgage or no mortgage on their home. You can use a HELOC to replace it, which allows access to your home's equity when you need it. We offer discounts for HELOCs in first position, which can make it more affordable than a traditional second lien HELOC.

Introductory Rate*

Take advantage of our special, introductory offer of 6.99% APR for the first 6 months after the loan funds on our HELOC Interest-Only and HELOC 360 products.

Easy Access

Our best-in-class mobile app allows you to easily make payments, get an advance on your HELOC, access your tax documents, and more.

HELOC Calculator

Is a HELOC Right for You?

Estimate how much you may be able to borrow with a Home Equity Line of Credit based on the value of your home and your current mortgage balance.

HELOC Highlights

Home Equity Line of Credit Benefits

Competitive Interest Rates

Interest rates are generally lower than for other types of credit, like credit cards and auto loans.

Funds When You Need Them

Access available funds during the draw period with a check, transfer to your Fremont Bank checking account, or withdrawal at a branch.

Flexible Payments

Only make payments on the portion you use.

Revolving Credit Line

As you pay down the balance, the credit line amount becomes available for use again during the draw period.

Compare HELOCS

Which HELOC Is Best for You?

A Home Equity Line of Credit can be used on primary residences, second homes and investment properties. Compare our options below.

Home Equity Interest-Only

  • 25 Year Term (10-year Draw Period followed by a 15-year Repayment Period)
  • Interest-Only payment option during the Draw Period allows greater payment flexibility
  • Qualifying ratios are more demanding to assure borrowers have the ability to repay the loan
  • Competitive market rates for Interest-Only option on primary residences
  • If minimum payment is made during 10-year Interest-Only period, this product will not build equity; monthly minimum payments cover only the interest

Best for: Borrowers who want more flexibility and who want to minimize monthly payments in the short term

Home Equity 360®

  • 30 Year Term (10-year Draw Period followed by a 20-year Repayment Period)
  • Monthly amortizing payments comprising principal and interest during both the Draw and Repayment Periods
  • Qualifying ratios are more flexible, which allows borrowers to have greater purchasing power
  • Each payment helps rebuild equity by reducing principal balance
Best for: Borrowers who want more purchasing power

4 Ways to Get Started

Convert your home’s equity into cash you can use today. Let our team help put your HELOC in motion.

Apply Online

Use your computer, smartphone or tablet from the comfort of your home.

Request a Call

Speak with a professional Loan Officer, who will help guide you through your application.

Locate a Loan Officer

Find a Relationship Loan Officer in your area.

Talk to an Expert

A loan representative can answer your questions and take your application.

Looking for Something Else?

With a nearly 60-year history, Fremont Bank is proud to provide a full range of banking and lending services to home-buyers and homeowners.

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 7/27/2023 is 8.50%. As of 7/27/2023, 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 9.00% APR to 9.25% APR on an owner-occupied 1-4 family residence and from 11.75% APR to 12.00% APR on non-owner occupied 1-4 family homes. APR includes a 0.25% 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.

Choosing a 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.

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

* The introductory rate promotion applies to new Home Equity Lines of Credit (HELOC) on single family, owner-occupied primary, second homes and investment properties only; excludes purchase combo (“piggyback”) second liens. The 6-month promotional Annual Percentage Rate (APR) for the first 6 months after the loan funds will be fixed at 6.99% for primary and second homes, and fixed at 7.99% on 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. Additional restrictions, limitations and exclusions may apply. Property insurance, may include flood insurance, required.

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. 

2 The $250 Application Fee and $95 Set-Up Charge are waived when you apply by 6/30/2024. 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. 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.