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1.800.FULTON.4 (1.800.385.8664)

Take advantage of your introductory HELOC Rate!

Schedule an appointment with your local financial center or  

APPLY NOW »

  or Contact a Loan Specialst (1.800.385.8664)

OPTIONLINE
HOME EQUITY LINE OF CREDIT1

Have big plans you’re ready to launch? Our home equity line of credit can fuel it. Ideas like remodeling your kitchen, making a down payment on a new vehicle, consolidating high-interest debt or creating an emergency fund. You dream it and OptionLine can help you get it done. Let's make it happen! 

N O W

N O W

4.99%2
Special introductory
APR for 6 months

L A T E R

L A T E R

7.75%3
Variable APR after the 
introductory period

Take advantage of your introductory HELOC Rate!

Schedule an appointment with
your local financial center or

APPLY NOW

OPTIONLINE

HOME EQUITY LINE OF CREDIT1

Have big plans you’re ready to launch? Our home equity line of credit can fuel it. Ideas like remodeling your kitchen, making a down payment on a new vehicle, consolidating high-interest debt, creating an emergency fund, or even starting a small business. You dream it and OptionLine can help you get it done. Let's make it happen! 

N O W

N O W

4.99%2
Special Introductory
APR for 6 months

L A T E R

L A T E R

7.75%3
Variable APR after the 
introductory period

Benefits of our Home Equity Line of Credit

ANYTIME ACCESS TO YOUR MONEY »

Write a check, use Online and Mobile Banking4, or visit a branch.

FLEXIBLE PAYMENT OPTIONS »

Choose how you want to pay including interest-only payments.

NO APPLICATION FEES »

More cash in your pocket without application fees.

OPTIONAL RATE LOCK »

Option to lock in up to three balances at a fixed rate

Benefits of a

Home Equity Line of Credit

ANYTIME ACCESS

Write a check, use Online and Mobile Banking4, or visit a branch.

FLEXIBLE PAYMENT OPTIONS

Choose how you want to pay including interest-only payments.

NO APPLICATION FEES

More cash in your pocket without application fees.

OPTIONAL RATE LOCK 

Option to lock in up to three balances at a fixed rate

HELOC 101

HELOC (home equity line of credit) is a loan that’s secured by your home. It’s like a credit card but is generally used for larger expenses vs. everyday purchases. You are approved for a certain amount to borrow (credit limit), and you can use as you need it. You can choose to pay interest only on the money you withdraw or pay more.  

 

Plus, while a HELOC has a variable rate (the rate can move up or down depending on the market), you have the option to lock in a fixed rate for certain amounts, so you have more control over how much you pay. 

What can you use a HELOC for?

Traditionally, a HELOC is used to for home improvements, but there are many other ways to put it to work for you: Consolidate high-interest debt, pay for a new car, create an emergency fund and paying for college. It can also provide peace of mind knowing you have that money available and ready for unplanned expenses like medical or unexpected home repairs.

 

Home Equity Calculator

Frequently asked questions:

Home equity loan vs. equity line?

Home equity loans typically have a fixed interest rate, meaning the payment is the same each month; that makes them easier to factor into your budget.

What's a fixed vs. variable interest rate?

Fixed-rate financing means the interest rate on your loan does not change. Variable-rate financing means the interest rate on your loan or line of credit can change throughout the life of the product. This rate change may be based on factors such as "prime rate" or another rate called an “index.”

What does LTV mean?

LTV stands for loan-to-value. It is the total amount of liens on a property divided by its fair market value. LTV is one factor used to determine how much you’re eligible to borrow.

Is the interest I pay tax deductible?

Under the new tax law, only certain interest is deductible. For example, money used to improve your home. Consult with your tax advisor to determine if the interest you pay is eligible.

Keep your home in top shape all year long.

You've worked hard to buy your own home. Use this seasonal maintenance checklist to keep your home in the best condition inside and out. »

Fulton Bank, N.A. Member FDIC.

 

Fulton Bank does not offer products and services to individuals that live outside of our service area. View our service area here.

 

1The product is a variable rate line of credit secured by the primary residence and not exceeding an 80% loan-to-value (LTV) ratio. This account includes a fixed-rate option. This rate may vary, but once established as a new Fixed Rate Advance, will not vary thereafter. A $100 rate lock fee applies each time you establish a Fixed Rate Advance (except in the State of MD). The fee is waived if the rate is locked at closing. A separate rate schedule applies for Fixed Rate Advances.

 

Most closing cost fees will be waived on primary 1-4 family residence secured credits up to 80% LTV. Closing costs for lines of credit of up to $500,000 typically range from approximately $185 to $1994 depending on line amount, appraisal requirements and property location. Properties that require a commercial appraisal may incur additional costs of up to $3875. For properties in PA, DE, and NJ, if you close your account or your account goes into default within 36 months of opening it, you will be required to pay back any closing cost fees the bank initially paid on your behalf.

 

In addition, the borrower is required to purchase title insurance if the line is used to purchase the collateral property or the line amount is for more than $500,000. For properties held in the name of a trust, a $300 Trust Review fee will be charged and cannot be waived. The borrower will be responsible to pay mortgage satisfaction fees at the time of loan termination. Property insurance is required. For properties in MD & VA, Fulton Bank will only pay municipal recordation taxes on the Eligible Property Value subject to the tax. Eligible Property Value, for purposes of this payment of taxes, is defined as the lesser of the following two amounts: $250,000 or the difference between the appraised value of the property and the sum total of any recorded liens. Municipal recordation taxes are based on loan amount and taxes charged in excess of the sum paid for by the bank are the responsibility of the borrower.

 

2The advertised introductory rate applies to new lines of credit of $5,000 or more. There is no maximum line amount required to qualify for this introductory APR offer. The 6-month introductory period begins at loan closing. The introductory APR offer may be withdrawn at any time and is subject to change without notice. The introductory rate offer does not apply to the refinance of existing Fulton Bank debt. Rates are accurate as of 12/15/2022.

 

3After the expiration of the 6-month introductory rate period, the variable APR will be based on the Wall Street Journal Prime (WSJP) rate as published daily plus or minus a margin, and will vary with WSJP. Based on this structure, the advertised 7.75% APR is our current standard rate with automatic deduction of payment from any Fulton Bank deposit account. Your APR is based on credit qualifications, appraisal requirements, LTV ratio, and payment option selected and will increase by 0.25% if automatic payment is discontinued. The WSJP rate may change at any time and is subject to change without notice. Your APR will not exceed 18% at any time during the term of your account.

 

Rates and terms are subject to change and may be withdrawn without notice. Rates are available to qualified borrowers and loans are subject to credit approval. Properties currently listed for sale may not be pledged as collateral for OptionLine. A minimum credit score of 620 is required.

 

4Message and data rates may apply.

Fulton Bank, N.A.

1.800.385.8664
One Penn Square, Lancaster, PA, 17602


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