Skip to Main Content
Hold shift and hit enter to Skip to Online Banking

Fixed-Rate Home Equity Line of Credit

Flexible financing to make things happen.

Our Fixed-Rate Home Equity Line of Credit offers maximum flexibility with no surprises. It’s perfect for when you plan to draw funds over time but also want the security of knowing what your payments will be in the future. With our Fixed-Rate HELOC, you can draw against your line for up to two years before it converts to a term loan with a low fixed rate.  And best of all, you’ll know your rate from the day your application is approved. That means predictable payments you can easily plug into your budget and no surprises if interest rates rise. Think of our Fixed-Rate HELOC as the perfect short-term financing for longer-term projects requiring multiple payments.

The Fixed-Rate HELOC features:

  • 20-year fixed-rate repayment

  • Borrow up to 85% your home’s value, less outstanding mortgages

  • Minimum loan amount of $5,000

Don’t have enough equity in your home yet for your big renovation project?
Check out our Renovation Loan instead. You may be able to use your home’s after-renovation value to boost your borrowing power.

Want to learn more?

Provide your information and we’ll contact you.

 

You have the flexibility of choosing not to borrow the funds all at once. You can draw on your line as needed for up to 2 years. Then, your line will turn into a fixed-rate term loan with monthly payments that won’t change during the entire life of the loan.

To start, complete the form above. We will contact you to discuss your project and collect the necessary documents. From loan application to closing usually takes about 30 days.

Home Equity Loans and Lines

Rates effective starting: 08.14.22
Loan Type1 Loan to Value Rates (as low as) Annual Percentage Rate2
(as low as)
Maximum Term Monthly Cost
per $10,000
First Lien Home Equity up to 80% 4.375% 4.4840% 5 years $185.89
First Lien Home Equity up to 80% 4.750% 4.8070% 10 years $104.87
First Lien Home Equity up to 80% 4.875% 4.9150% 15 years $78.46
Home Equity Fixed Rate up to 80% 5.000% 5.1090% 5 years $188.74
Home Equity Fixed Rate up to 80% 5.375% 5.4330% 10 years $107.94
Home Equity Fixed Rate up to 80% 5.500% 5.5410% 15 years $81.74
Fixed-Rate Home Equity Line-of-Credit up to 85% as low as 5.75% 20 years $100.00
Home Equity Line-of-Credit (Variable at Prime) up to 85% as low as 4.75% 20 years $108.00
First Lien Home Equity 80.01% to 90% 4.500% 4.6090% 5 years $186.46
First Lien Home Equity 80.01% to 90% 4.875% 4.9330% 10 years $105.48
First Lien Home Equity 80.01% to 90% 5.00% 5.0400% 15 years $79.11
Home Equity Fixed Rate 80.01% to 90% 5.250% 5.3600% 5 years $189.89
Home Equity Fixed Rate 80.01% to 90% 5.50% 5.5580% 10 years $108.56
Home Equity Fixed Rate 80.01% to 90% 5.875% 5.9160% 15 years $83.74

1Home equity loans are not available in Texas or Puerto Rico. Monthly payment of $1360.19 based on a single family, owner occupied, 3.483% APR, 80% Loan-to-Value (LTV), five-year term First Lien home equity loan for $75,000 for borrowers with excellent credit.. Monthly payment does not include taxes and insurance. This is only an example. Your rate may vary based on a number of factors, such as Loan-to-Value ratio (LTV), credit score, term and property type. Title insurance is required on loan amounts greater than $250,000. Other fees may apply based on property type and state where property is located. Certain states, such as New York and Florida, incur a tangible tax that will be paid by the borrower. Available on 1-4 family primary or secondary residences. Property and/or flood insurance is required. All loans and lines of credit are subject to approval and collateral evaluation. The LTV ratio is the sum of the balance outstanding on your first mortgage, if any, and the amount of your new home equity loan or credit line divided by the fair market value of your home. Property must have a clean title and adequate appraisal to qualify. Per membership eligibility, you must maintain $5 in a savings account to utilize the credit union’s services. If you close your home equity line of credit within 36 months of opening, you will be required to reimburse the Credit Union for the bona fide third party fees paid on your behalf which could range from $250.00 to $2,500.00. Additional restrictions, limitations and exclusions may apply, offer subject to change, please contact an Ardent representative for further details and current rates. Equal Opportunity Lender. NMLS 498568

2APR = Annual Percentage Rate. APR includes a $199 processing fee. APR shown is for first and second lien position home equity loans, single family, owner occupied, and for a 80% or 90% Loan-to-Value (LTV) and various terms for borrowers with excellent credit. Ardent has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower's credit worthiness, Loan-to-Value (LTV), term and lien position. Rates are subject to change at any time. Other fees may apply based on property type and state where property is located. Certain states, such as New York and Florida, incur a tangible tax that will be paid by the borrower. APR effective as of date shown and is subject to change without notice. Rate reflects a 0.25% discount for loan payment via automatic funds transfer from an Ardent checking account. Otherwise, rate 0.25% higher. The rate(s) shown are the lowest available for each of terms listed. Loan subject to credit approval. Additional terms and rates available.

3Introductory rate of 2.99% APR is for the first 12 months after the loan open date. At the beginning of the 13th month, your regular rate will go into effect which is based on the value of an index (the Prime Rate published in the Wall Street Journal, currently at 3.25%). The APR will never be higher than 18.00% in a variable-rate plan. If you close your home equity line of credit within 36 months of opening, you will be required to reimburse the Credit Union for the bona fide third party fees paid on your behalf which could range from $250.00 to $2,500.00. Additional restrictions, limitations and exclusions may apply, offer subject to change, please contact an Ardent representative for further details and current rates.

There is a $199 processing fee. This will affect your Annual Percentage Rate or APR. Your rate may vary based on a number of factors, such as Loan-to-Value ratio (LTV) and credit score. Other fees may apply based on property type and state where property is located. Certain states, such as New York and Florida, incur a tangible tax that will be paid by the borrower. Title insurance is required on loan amounts greater than $250,000. Property and/or flood insurance is required.

Your home’s loan-to-value ratio, your credit worthiness and your income will determine your maximum loan amount. Loans more than $250,000.00 require title insurance. 

If you close your Fixed-Rate HELOC within 36 months of opening, you will be required to reimburse Ardent for bona fide third-party fees paid on your behalf, which could range from $250.00 to $2,500.00.