You work hard for your home — let us put your home to work for you. Use the equity in your home as collateral for a line of credit. Funds can be accessed anytime for almost any purpose, from college tuition to home renovation. You'll only owe interest on what you spend — and you only have to apply once.
Home Equity Line of Credit (HELOC)
- Competitive rates for several ongoing or seasonal needs:
- Home improvements
- Emergency reserve
- Debt consolidation
- And much more!
- The existing equity in your home is used as collateral backing
- Accommodating repayment terms that work uniquely for you
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, more becomes available for use
- Funds easily available via online, in-person, and phone transfers to a specified FCNB checking account
- The interest paid might be tax deductible*
- Local decision-making and processing
- Helpful, customized service throughout the entire process
*Consult a tax advisor.