Do Your Thing... with a Freedom Home Equity Line of Credit

*Annual Percentage Rate (APR) is subject to credit qualifications, based on FICO score. This variable rate is based on The Wall Street Journal Prime Rate and as of 9/22/2022 the Prime Interest Rate is 6.25% APR. The interest rate is subject to monthly adjustments as the Prime Interest Rate changes. Your APR will not exceed 18% or go below 3.25% at any time during the term of your account. The disclosed rate requires a credit score greater or equal to 680, and an eligible CNB Bank checking account with auto-charge enabled for the payment. Maximum LTV of 85% on primary residence to qualify. 10-year draw period and a 20-year repayment period. Lines of credit are available from $2,500 to $250,000 and are for personal, family and household purposes. Other rates and terms may be available.

** Adequate property insurance is required. If the line is terminated within the first 36 months, an early termination fee estimated between $500 and $3,500 must be paid at the payoff and termination of your account. A $49 annual fee applies during the draw period. A $99 fee applies each time a fixed rate lock is established.

Use your money, your way.

You can use FCBank’s Freedom Home Equity Line of Credit (HELOC) like a traditional line of credit, and only pay interest on the portion you borrow. Plus, you have the option to lock in a portion of your line of credit and pay it off with fixed monthly payments.

Visit your local FCBank Branch,

call 1-855-880-3694  or

Freedom Home Equity Line of Credit

Our Freedom HELOC gives you the flexibility to use the equity in your home to have cash on hand when you need it. Take advantage of the equity in your home with these benefits:

  • Lock the rate on what you borrow

  • No application fees

  • Simple payment options

  • Easy access to funds

  • Competitively low interest rates

How it Works

  • When you’re approved for a Freedom Home Equity Line of Credit, you have the option to draw on your line of credit or lock in portions just like a fixed rate, fixed term loan.

  • Pay a $99 fee per lock to lock a portion of your Freedom HELOC balance. Plus, the number of lock periods are unlimited.

  • As you pay down the Freedom HELOC, the funds become available again on your line of credit.

  • Your remaining balance and available credit stay at the same variable interest rate.

Here are few things you can do with your HELOC:

Borrowing Basics

How Much?
Borrow what you can comfortably afford, not the amount you qualify for.
Debt to Income Ratio
Your monthly payments divided by your total income is your DTI. The lower your DTI, the more likely it is your loan will be approved.
Credit Score & Interest Rate
The higher your credit score, the lower your interest rate could be.
Fixed vs. Variable Rate
Fixed rate loan payments remain the same throughout the life of the loan. Variable rate loans are tied to a market index, so rates and payment amounts could vary over time.

Additional Mortgage Information

FCBank Bank takes pride in the experience and expertise of our mortgage lenders.  The Nationwide Mortgage Licensing System Registry gives you access to a free service to confirm that the mortgage company or mortgage professional employed by us is authorized and licensed to conduct mortgage business. Access this information by clicking here.  NMLS#410748

FCBank Bank appreciates the opportunity to be your financial partner.

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Contact Us Today!

If you're interested in learning about our products or services, please contact us toll-free at 1-800-492-3221, visit us at any FCBank branch location, or send an email to
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