ASB offers Home Equity Lines of Credit and Home Equity Loans as Solutions to access your home’s untapped equity
You’ve Got Choices with various introductory rates and repayment terms available.
Home Equity Loan*
With an ASB Home Equity Loan Solution, use the equity in your home to get the funds you need now. Get your entire sum of available credit distributed to you at closing.
- No Annual Fee
- Fixed Monthly Payments
- Various Repayment Terms
Rate Effective Date: 04/04/2025
Home Equity Line of Credit
If your home is worth more than you owe, you have equity and chances are you can borrow from it to fund things like home upgrades, trips, or other large expenses. A HELOC allows you to use only what you need when you need it.
- Revolving line of credit with a draw period followed by repayment period
Rate Effective Date: 04/04/2025
* Annual Percentage Rate (APR): Variable rate after the introductory period, is prime rate, as published in the Wall Street Journal minus 0.50% currently 8.50% as of 6/25/2024. Minimum APR is 3.49% with a maximum APR of 12.00%. Rates quoted are for owner- occupied 1-4 family and owner-occupied residential condominiums. Additional fees will apply if the property is held in a trust. The maximum combined LTV (loan to value) is 80% of the property value. With each product there is a 10-year draw period with interest only payments followed by a 10-year repayment period with interest and principal payments due. Minimum loan amount is $10,000.00. Property insurance and flood insurance (if applicable) are required. If the line is closed within 36 months, the Bank paid closing costs must be repaid and can range from $500-$1,500 depending on the final expenses incurred by the Bank. A $50 annual fee applies. Offer and rates are subject to change at any time and all loans are subject to credit approval. Consult a tax advisor on the deductibility of interest.
** Annual Percentage Rate (APR): Variable rate after the introductory period, is prime rate, as published in the Wall Street Journal currently 8.50% as of 6/25/2024. Minimum APR is 3.49% with a maximum APR of 12.00%. Rates quoted are for owner- occupied 1-4 family and owner-occupied residential condominiums. Additional fees will apply if the property is held in a trust. The maximum combined LTV (loan to value) is 80% of the property value. With each product there is a 10-year draw period with interest only payments followed by a 10-year repayment period with interest and principal payments due. Minimum loan amount is $10,000.00. Property insurance and flood insurance (if applicable) are required. If the line is closed within 36 months, the Bank paid closing costs must be repaid and can range from $500-$1,500 depending on the final expenses incurred by the Bank. A $50 annual fee applies. Offer and rates are subject to change at any time and all loans are subject to credit approval. Consult a tax advisor on the deductibility of interest.