Home Equity Loans

Better loans, local service

Use the equity you’ve built up in your home to finance home improvements, bill consolidation, education, vacation or other big purchases. In addition to the personalized, convenient service you expect from our local lending team, our home equity loans or lines of credit feature reduced closing costs compared to that of a primary mortgage.

We have two great home equity loan products that will help you accomplish your financial goals. We have a Home Equity Line of Credit and a Fixed Rate Home Equity Loan.

Both options help you access the money you need from your full-service community bank.

Fixed Rate Home Equity Features

Fixed interest rate, affordable payments and convenient terms
Reduced closing costs
One-time loan proceed disbursement at settlement
Variety of competitive loan terms to fit your budget
Fixed rate home equity loan interest may be tax deductible; consult your tax advisor
Easy way to access funds by unlocking the potential of the equity in your home

Home Equity Line of Credit Features

Flexibility to borrower funds, pay back funds and re-borrow funds without an additional settlement
Convenient access of the line of credit through the use of home equity line of credit checks
Reduced closing costs
Variable rate
Home equity line of credit interest may be tax deductible; consult your tax advisor
Easy way to access funds by unlocking the potential of the equity in your home
Affordable monthly payments based on the outstanding balance
No closing cost option available

Fixed Rate Home Equity Loan

Comparison table of Fixed Rate Home Equity Loan
Term	Rate	Annual Percentage Rate*	Monthly Principal and Interest Payment
60 Months	8.125%	8.205%	$1,016.81
84 Months	8.375%	8.434%	$788.69
120 Months	8.875%	8.919%	$630.00
180 Months	9.125%	9.157%	$510.86

Home Equity Line of Credit Rates

Comparison table of Home Equity Line of Credit Rates
Product	Annual Percentage Rate*
Prime +0	8.500%

The Annual Percentage Rate (APR) is variable. The APR is based on the Prime Lending Rate published in the Wall Street Journal and will adjust periodically. The maximum APR can be as high as 24.00%. The minimum line of credit amount is $5,000 to open. A home equity line of credit must have a 1st or 2nd lien position on an owner-occupied residence. Your approval is subject to your creditworthiness and the verification of collateral. The monthly payments do not include an escrow payment for property taxes and homeowners insurance. Adequate property insurance is required, and if applicable, flood insurance would be required. Terms and rates are subject to change without notice and other conditions may apply. To qualify for the “no closing cost” option; closing costs will be paid for home equity lines that have a credit limit up to $150,000. The maximum closing costs paid for a qualified borrower will be $2,500. If the HELOC is paid off and closed within 36 months of the original note date, closing costs must be reimbursed to the Bank by the borrower. Lines of credit exceeding $150,000 are not eligible for the “no closing costs” option.

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Meet your lenders

L. Susan Barnhardt Vice President,
Loan Officer NMLS #: 446532 Email L. Susan

Sheila Bolton — Sheila M. Bolton Vice President,
Branch Administrator,
Branch Manager (Chestertown,
Spring Ave.) NMLS #: 446534 Email Sheila

David Bowman — David A. Bowman Senior Vice President,
Chief Lending Officer NMLS #: 1132599 Email David

Eva Hickman — Eva W. Hickman Asst. Vice President,
Branch Manager (Millington) NMLS #: 446537 Email Eva

Desiree McCracken Vice President,
Loan Officer NMLS #: 1070644 Email Desiree

Mary Chandler Obrecht Senior Vice President,
Chief Credit Officer NMLS #: 2045085 Email Mary Chandler

Cecil Reihl — Cecil A. Reihl Vice President,
Loan Officer NMLS #: 446538 Email Cecil

Kim Swyka Vice President,
Loan Officer NMLS #: 615426 Email Kim

Carolyn Walls — Carolyn L. Walls Asst. Vice President,
Branch Manager (Sudlersville) NMLS #: 446539 Email Carolyn

Get started

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