Home Equity Line of Credit (Effective 10/28/2026)
Current HELOC Options (10 year draw period, 15 year repayment period):
| Property Type | Loan Amount | APR as Low as* | Term | Maximum CLTV |
|---|---|---|---|---|
| Owner-Occupied | $15,000 - $100,000 | 8.00% | 25 Years | Up to 80% |
| Owner-Occupied | $100,001 - $1,000,000 | 7.50% | 25 Years | Up to 80% |
| Non-Owner-Occupied | $15,000 - $100,000 | 9.00% | 25 Years | Up to 70% |
| Non-Owner-Occupied | $100,001 - $500,000 | 8.50% | 25 Years | Up to 70% |
For loan amounts over $1,000,000, please contact a banker. Annual fee, early closure fee, third-party fees, and non-owner-occupied loan fee may apply.
Important HELOC Details
*The Annual Percentage Rates (APR) shown above are APRs and include a 0.25% automatic payment discount from an Exchange Bank deposit account. The APR may vary based on credit history, approved line amount, combined loan-to-value (CLTV), property type, and available discounts. Your APR may increase or decrease monthly based on changes to the Wall Street Journal Prime Rate plus a margin. The maximum APR is 18.00%.
An additional 0.25% relationship discount may be available for eligible Premier Plus Checking customers or customers with a qualifying Exchange Bank Trust & Investments relationship. See the Premier Plus Rewards Program Disclosure for details.
The margin does not change during the initial 120-month interest-only draw period. After the draw period ends, the margin is 1.50% for the remaining 180-month principal and interest repayment term.
Fees and Costs
For qualifying single-unit owner-occupied properties with line amounts up to $400,000, the Bank may waive certain upfront Bank fees when an automated valuation model (AVM) and limited title policy are available.
For loan amounts over $400,000, or when an AVM or limited title policy is not available, you may be responsible for certain third-party fees, including appraisal, title, government, servicing, sub-escrow, or vesting correction fees. These fees may range from $0 to $9,491.60.
A $75 annual fee will be charged beginning in the second year.
If the account is closed within 35 months of opening, an early closure fee may apply based on the original line amount, ranging from $500 to $5,000.
Example early closure fee schedule:
| Time Account Is Closed | Fee |
|---|---|
| Months 0–12 | 0.75% of line amount |
| Months 13–24 | 0.50% of line amount |
| Months 25–35 | 0.25% of line amount |
Non-Owner-Occupied Properties
Investment properties may be considered up to 70% CLTV. For non-owner-occupied properties, the APR/margin is 1.00% higher than the applicable owner-occupied rate, and a 1.00% origination loan fee applies. Early closure fees may also apply.
Additional Disclosures
Exchange Bank offers HELOCs only for properties located in California.
Credit is subject to approval. Terms and conditions apply. This is not a commitment to lend. Products, rates, terms, and conditions are subject to change without notice. Property insurance is required. Flood insurance is required where applicable by law.
During the 120-month draw period, minimum payments are interest-only. At the end of the draw period, any outstanding principal balance must be repaid during the repayment period. If only minimum payments are made during the draw period, a balloon payment or higher payments may result.
Consult a tax adviser regarding the deductibility of interest and charges.