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At Fremont Bank, the community comes first. And that’s the Fremont Bank Way.
Get to Know UsHome Equity Loans and 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. Call us to learn more!
Ready to fund that renovation or pay off high interest rate debt? Choose from our home equity loan or line of credit options, each uniquely designed to fit your financing needs.
With a home equity loan, 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, if you have one. Generally, you can borrow up to 80% of your home’s appraised value less the amount owed on the mortgage.
Check These Rates*
Enjoy 5.99% APR for the first 6 months after the loan funds on our HELOC Interest-Only and HELOC 360 products. Our HELOAN also offers low starting rates and a longer fixed-rate period.
For a limited time2 pay no application fee, no closing costs1, no set-up charge, and no annual fee for the first year. Set up automatic loan payments with us for a rate discount.
We offer discounts when you replace your first mortgage or add a home equity product in first position.
Want to keep the rate on your existing first mortgage and access more cash? Our HELOAN offers a second lien adjustable rate mortgage up to $500,000 underwritten by us for maximum flexibility.
Our best-in-class mobile app allows you to easily make payments, get an advance on your HELOC, access your tax documents, and more.
A Home Equity Loan (HELOAN) or Home Equity Line of Credit (HELOC) can be used on primary residences, second homes, and investment properties. Any of our products can help you fund home improvements, tackle major expenses, or consolidate debt.
Best for: Access to available funds during the draw period. Flexibility and to minimize monthly payments in the short term.
Best for: Large one-time payment up front. Longer fixed period than a traditional HELOC.
Interest rates are generally lower than for other types of credit, like credit cards and auto loans.
Access available funds during the draw period with a check, transfer to your Fremont Bank checking account, or withdrawal at a branch.
Only make payments on the portion you use.
Pay down the balance and the credit line amount is available again during the draw period.
Convert your home’s equity into cash you can use today. Let our team help put your HELOC or HELOAN in motion.
Use your computer, smartphone or tablet from the comfort of your home.
Speak with a professional Loan Officer, who will help guide you through your application.
Find a Relationship Loan Officer in your area.
A loan representative can answer your questions and take your application.
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 12/19/2024 is 7.50%. As of 12/19/2024, 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 8.00% APR to 8.25% APR on an owner-occupied 1-4 family residence and from 9.50% APR to 9.75% 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 5.99% for primary and second homes, and fixed at 6.49% 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 9/30/2025. 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.
