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HELOC
Home Equity Lines of Credit
Unlock Your Home's Equity
Roll your debt into a single payment. Transform your kitchen. Plan a dream vacation. Send the kids to school in style. Don't worry about unexpected expenses. Your home's equity can help.
Today's Rate is 8.50% APR**
(The Wall Street Journal prime rate) For primary homes.
The Rate for Non-Owner-Occupied Properties is 9.00%** APR
(The Wall Street Journal prime rate +0.50%).
Closing Costs Waived
You could pay absolutely nothing to establish your Presidential Home Equity Line of Credit. No closing costs -- no application fee -- no appraisal fee -- no points. This can save you hundreds of dollars! Just keep your account open for 36 months to qualify for waived closing costs.
Click "Apply Now" to begin the application process. Create a log in for our secure application portal then provide the information needed to review and process your application. If you have any questions, call 800-808-1424 extension 3.
Easy to Use
You can draw against your line at any time during the first ten (10) years, simply by writing a check or making an online transfer to another Presidential account. Free checks are provided.
Uploading and Signing Documents is Easy, Too
It’s a digital process – which is faster and easier. You can continue to upload documents throughout the process. Already applied and ready to upload your documents? Click here to sign on to the secure and convenient web portal.
Learn more about your payment schedule. Click here to use our HELOC calculators.
Important Information
Click here to learn more about the specific terms and conditions for a Home Equity Line of Credit from Presidential Bank.
The offer of 8.50% APR** is for new Home Equity Lines of Credit [HELOCs] on 1-4 family, owner occupied residences, with a loan to value [LTV] no greater than 85%. The disclosed rate requires a credit score greater or equal to 680. Financing is subject to credit approval, income approval, and property appraisal; additional evaluation and verification criteria may apply. This offer and the disclosed rates are effective 04/01/2024 and subject to change without notice and cancellation at any time. We offer lines of credits from $10,000 to $500,000. Adequate property and flood insurance are required, if applicable.
The offer of 9.00% APR** (Prime rate plus 0.50%) is for Home Equity Lines of Credit [HELOCs] on 1-4 family, non-owner-occupied residences, with a loan to value [LTV] no greater than 85%. The disclosed rate requires a credit score greater or equal to 680. Financing is subject to credit approval, income approval, and property appraisal; additional evaluation and verification criteria may apply. This offer and the disclosed rates are effective 04/01/2024 and subject to change without notice and cancellation at any time. We offer lines of credits from $10,000 to $500,000. Adequate property and flood insurance are required, if applicable.
Lines of credit are for personal, family and household purposes. The HELOC program is not available in California, Nevada, Texas, Illinois, Michigan, Hawaii, Arizona, and New York. The line of credit APR will vary and will be based on the Wall Street Journal Prime Rate. The Prime Interest Rate last changed 07/27/2023 and is 8.50%. The maximum APR** is 24% and the minimum APR** is 4%. Prime may change at any time.
For additional information, see the Presidential Home Equity Line of Credit Disclosure Statement.
Remember to try the convenient Home Equity Line of Credit Calculators to understand the repayment obligation.
For Home Equity Line of Credit inquiries call (800) 808-1424 extension 3.
**APR = Annual Percentage Rate
