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Home Equity Line of Credit

How does that work?

A home equity line of credit, or HELOC, is a line of credit line that uses the equity you already have in your home as collateral.  Your credit limit depends on the amount of equity you have.   

  • Use for projects or expenses that need to be done over time
  • Checks issued for convenience
  • Adjustable interest rate
  • Funds available at any time
  • Interest rates are typically lower than credit cards or personal loans.

Best of all, Jarrettsville Federal will pay all closing costs on HELOCs, up to $100,000, as long as you keep your account open for three years.

For current rates Click Here

Our loan officers are waiting to work with you today, call us at 410-692-5151 or toll free at 1-800-429-6616 to see how we can help you with your home loan options.