Home Equity Loans
We understand you have big plans. Horizon Bank is your one-stop shop when it comes to home equity loans. From a Fixed-Rate loan to a Line of Credit, we have options to best suit your needs.
Fixed-Rate Term Loan details
*Annual Percentage Rate (A.P.R.) is 3.99% for a home equity term of 36 months with loan-to-value ratio of 80% or less. All loan requests are subject to normal Horizon Bank underwriting standards. Offer expires December 31, 2017. Example: The monthly payment of a loan for $5,000 repaid over a 36-month period is $147.60 per month. This payment example does not include taxes and insurance, if applicable, and the actual payment may be greater. Interest rate includes .25% discount for monthly payment automatically deducted from a Horizon Bank Checking Account with e-Statements.
Home Equity Line of Credit Details
**Introductory APR (Annual Percentage Rate) will be fixed at 1.99% for the first 3 months for those lines with up to 89.9% loan to value (LTV). Thereafter, the rate may vary. The rate is based on credit score, LTV and the Prime Rate/the highest Wall Street Journal (WSJ) prime rate as published in the WSJ effective the date the 3 month introductory period expires. As of 7/1/17 WSJ prime rate was 4.25%. Example: credit score of 730+ and LTV of 70% or less will have a rate of 4.25% as of date of publication following introductory period. Maximum rate is 21%. Annual fee is $50, waived for first year. Reimbursement fee up to $399 applies if line is closed within the first 36 months. Subject to credit approval. Other terms and conditions may apply and are subject to change without notice. Offer expires 12/31/17.