Transform your home with a HELOC from Riverview Bank
With a Home Equity Line of Credit (HELOC) from Riverview Bank, you can unlock the equity in your home to finance a wide range of expenses, including home improvements, big purchases, and debt consolidation.
APPLY FOR A HOME EQUITY LINE OF CREDIT
Rates as low as 5.75%*
You can use a HELOC for a variety of purposes, such as home improvements, debt consolidation, or unexpected emergencies. This versatility makes a HELOC a convenient option for homeowners who have multiple financial needs.
- Pay for repairs, renovations, and more
Finance big purchases with ease
Consolidate your debt and save
Increase your monthly cash flow
*Discounted Introductory Fixed Rate of 5.75% Annual Percentage Rate (APR) during the first 6 months of the draw period are available for applications received by 10/15/2023 and meet all qualifying requirements listed below. After the initial fixed rate period, rates are variable and the APR will change based on the Prime Rate published in the Wall Street Journal (as of 5/5/2023 8.25%), plus a margin; margin is based on your combined loan to value, type of collateral, and loan amount; margins range from .25% to 1.50% during the draw period. Introductory fixed rate is subject to change during the promotional period. Minimum APR after the fixed rate period will be 4.25% and 5.25% for manufactured homes. Maximum APR is 16.00%. The term of a HELOC is 30 years: 10-year draw period, 20-year repayment period. The APR during the repayment period will be a fixed rate at the prevailing Wall Street Journal Prime Rate (as of 5/5/2023 8.25%) plus a margin. The margin is based on your combined loan to value, type of collateral, and loan amount; margins range from 1.25% to 2.50%. Payments during the repayment period will be principal plus interest. Property insurance is always required, and flood insurance is required where necessary. $400 termination fee will be charged if loan is paid off in the first 36 months from Note date. If a $300 credit was applied toward an appraisal, an additional $300 termination fee will be charged for a total of $700.