Home Equity Line of Credit (HELOC) 

Annual Percentage Rates (APRs) are effective: 5/29/2024

Rates and terms are subject to change without notice.

Commitment amount1

Introductory APR for 6 months2

APR after introductory period2

Margin3 during draw period

Draw period

Term period following draw period


$25,000 - $49,999




10 years

15 years

$75.00 annual fee beginning the second year

$50,000 - $99,999




$100,000 - $249,999




$250,000 - $400,000




1Please contact a banker regarding commitment amounts over $400,000 up to $1,000,000.

2APRs above are for owner occupied properties (1-4 residential). The introductory APRs above reflect a discount of 0.25% and are fixed for the initial 6 months; no other discounts are available during the introductory period. After the introductory period, the APRs are variable based upon an index plus a margin. The APRs will vary with the Prime Rate (the index) as published in the Wall Street Journal. Changes to APRs for existing HELOCs take effect on the first day of the month.
APRs listed above for both the introductory period and afterwards reflect a discount of 0.25% with an automatic payment from an Exchange Bank deposit account. APR may differ based on credit history and approved line amount and other discounts. After the introductory period, an additional 0.25% discount is available for customers that have a Premier Plus Checking account and the combined average daily deposit balance is $25,000 or greater; or a relationship with Exchange Bank Trust & Investments is maintained. Funds must be verifiable at the time the loan is approved and cleared for loan documents. The Premier Plus Reward discount of 0.25% is not subject to adjustment. Refer to the Premier Plus Rewards Program Disclosure for additional terms and conditions. The maximum APR is 18.00%

3The margin is the amount added to the index to determine the interest rate. The margin does not change during the initial 120 month draw period. After the draw period ends, the margin is 1.50% for the remaining term period.

4Exchange Bank offers a no-up-front-loan-fee for single unit properties with loan amounts up to $400,000 when an Automated Valuation Model (AVM), a statistical appraisal, is available. An AVM must be available, and a limited title policy must be obtained. If a line increase is requested on the HELOC, Exchange Bank will offer a no-upfront-loan-fee after two years, for the line increase with a satisfactory AVM and limited title policy. For loan amounts over $400,000 or those that do not have an AVM or a limited title policy available, you may have to pay certain fees to third parties such as title companies and government agencies, servicing companies, when a sub-escrow is required to pay off an existing lender, or if vesting corrections are needed. These fees range from $0 to $8,558.

If any loan documents have to be regenerated after the initial document preparation due to a missed or canceled appointment, an additional fee of $100.00 will be assessed and collected at loan signing.

A non-refundable annual fee of $75 will be charged to the credit line beginning the second year of the account. A balloon payment (outstanding principal owed) will result if only minimum payments are made.

Exchange Bank only offers HELOCs for properties in Northern California.

Amount available to lend: Maximum loan-to-value criteria for owner occupied properties is 80% on line amounts up to $500,000 and 70% for lines between $500,000 and $1,000,000.
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. Borrower must carry property insurance and flood insurance where required by law.

Exit fee: Customers may be subject to an early closing fee of $500 to $5,000 (based on underwriting costs) if the account is closed within 35 months of the account opening date. Example: Fee of 0.75% of line amount is charged during the first year (months 0-12), fee of 0.50% of line amount is charged during the second year (months 13-24), or fee of 0.25% of line amount is charged during the third year (months 25-35). The minimum payment is interest only and will result in a balloon payment if only minimum payments are made. Non-owner occupied properties: Second homes and investment properties may be considered up to $500,000. Maximum CLTV is 70%. Rates are increased by 1% over owner occupied rates and there is a 1% loan fee. Exit fees apply -- see above.

The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Consult a tax adviser for further information regarding the deductibility of interest and charges.

NMLS ID 643948