Home Equity Line of Credit

You’ve worked hard to own your home,
now let your home work hard for you.

With lines of credit available up to $100,000, a HELOC from FCB can help you manage planned and unplanned expenses, tackle a home renovation project, consolidate debt into one low-interest loan, or plan for a rainy day.

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Act Now! This promotional rate is only available until 10/31/19

Promotional Rate

3.49%* APR

Fixed Introductory Rate for the First 12 Months

Regular Rate

5.0%-6.25% APR

Variable based on current rates thereafter

Use a HELOC to:

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Renovate & Remodel

A HELOC can help finance a major kitchen, bath or outdoor space remodel or finance the outdoor space of your dreams.

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Consolidate Your Debt

HELOC’s often offer lower interest rates than many other types of loans. Pay off or consolidate your debt into one low-interest loan.

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Make Repairs

If it’s time to replace appliances, the roof, siding, landscaping, or the heating and cooling systems, you might consider financing the projects with a HELOC.

What is a HELOC?

A Home Equity Line of Credit, also known as a HELOC, allows you to borrow against the available equity in your home using your house as collateral. A HELOC often has a lower interest rate than other common types of loans and offers revolving credit much like a credit card. 

Not all HELOCs are the same.
This limited time promotion from FCB offers:

  • Lines of Credit up to $100,000 
  • Fixed Rate for 12 Months
  • Great support from our local Frederick teams
  • Convenient access to your funds

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All Frederick County Bank loan products are subject to underwriting and credit approval.

To receive the rate of 3.49% fixed for 12 months, a $15,000 draw is required at settlement and a pre-authorized transfer (PAT) from a Frederick County Bank deposit account is required. A pre-authorized transfer (PAT) is not a condition of receiving a loan from FCB but is a condition of receiving the discounted rate of 3.49% for 12 months. Without a PAT, the Interest rate will be based on the Wall Street Prime (WSP) index plus a margin of 0.00% to 1.00%. The margin and APR depends on your credit limit, credit score and participation in direct debit.  As of March 1, 2019 the WSP Index was 5.50%. 

*After the first year, the annual percentage rate (APR) is variable and can change, which means your payments can change based upon WSP index plus a margin of 0.00% to 1.00%. The rate will not exceed 23% APR or fall below 4.00% APR.
Closing costs are estimated at $2,270.65 for the maximum line amount of $100,000 and postponed for three years then waived if the account remains open after three years. (Closing costs include flood certification, recording fees, recordation taxes, appraisal, title exam, title insurance (if applicable), credit report and verification of employment). 

For accounts up to $100,000, closing costs are postponed for three years if the borrower elects to pay recordation tax on entire line amount at settlement; then waived if the account is still open. Property insurance is required. 10-year draw period requiring monthly Interest only payments based on the outstanding balance followed by a 15-year amortized payment schedule. Payments may vary due to variable Interest rate. Subject to minimum loan amount of $15,000 and credit approval. Other Home Equity Line of Credit plans are available. Consult a tax adviser for further information regarding the deductibility of interest and charges. Limited time offer. 
Please note: Frederick County Bank's trade area is primarily Frederick County, Maryland.