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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: 01.23.22
Loan Type1 Loan to Value Annual Percentage Rate2
(as low as)
Maximum Term Monthly Cost
per $10,000
First Lien Home Equity up to 80% 3.25% 5 years $180.81
First Lien Home Equity up to 80% 3.625% 10 years $99.48
First Lien Home Equity up to 80% 3.625% 15 years $72.11
Home Equity Fixed Rate up to 80% 3.50% 5 years $181.92
Home Equity Fixed Rate up to 80% 4.00% 10 years $101.25
Home Equity Fixed Rate up to 80% 4.00% 15 years $73.98
Home Equity Line-of-Credit up to 85% 2.99%3

(first 12 months; then, prime rate – currently 3.25%)

Varies
Fixed-Rate Home Equity Line-of-Credit up to 85% as low as 4.25% 20 years
First Lien Home Equity 80.01% to 90% 3.375% 5 years $181.36
First Lien Home Equity 80.01% to 90% 3.625% 10 years $99.48
First Lien Home Equity 80.01% to 90% 3.625% 15 years $72.11
Home Equity Fixed Rate 80.01% to 90% 3.75% 5 years $183.04
Home Equity Fixed Rate 80.01% to 90% 4.25% 10 years $102.45
Home Equity Fixed Rate 80.01% to 90% 4.375% 15 years $75.87

There is no application fee, but there is a minimum collateral evaluation fee of $325 on any home equity loan. This fee may be higher 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.  Loans more than $250,000.00 require title insurance. Property 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.