Home Equity Line of Credit

With a Home Equity Line of Credit, we can help you use your home’s equity as a source of credit to make important purchases with incredibly competitive interest rates. Use it to pay for home improvements or emergency repairs, fund college tuition, or take the trip you’ve been holding out for.

Home Equity Line of Credit Benefits

Borrow up to 89% of your home’s equity
Manage your loan anywhere with free online, mobile, and telephone banking
Pay less with competitive interest rates.
Set automatic payments from Reliance Bank checking and savings accounts
Manage your loan confidently with low monthly payments

Current Special Rates

* Introductory 0.99% Annual Percentage Rate (APR) is fixed for the first three (3) months and will not increase during that period. After the first three (3) months and during the initial ten-year draw period, the rate will be variable based on the then-current Prime Lending Rate as quoted in the Wall Street Journal, with a margin of -.26% with a lifetime minimum APR of 2.99% and a maximum APR of 18.00%. The current APR without the introductory rate is 8.24%. After the ten (10) year draw period ends the rate will be fixed and will not change for the duration of the fifteen (15) year repayment period. The fixed APR during the repayment period will be based on the then-current Prime Lending Rate, as quoted in the Wall Street Journal with a margin of +2.00% and can range from a minimum APR of 4.00% and a maximum of 18.00%. The rates shown are current as of (July 27, 2023) and can change at any time, and require monthly payments to be deducted from a Reliance Bank deposit account. The minimum loan amount for this APR is $75,000, and applicants borrowing $25,000 or more must advance a minimum of $25,000 new money (money not used to refinance an existing Reliance Bank loan) when you open your line. Please ask about other rates and terms available for loan amounts less than $75,000. The borrower pays no closing costs. An Annual Assess Maintenance Fee of $35 will be due each year beginning on the first anniversary of the account opening date. Property Insurance is required. APR available for owner occupied 1st and 2nd Lien loans up to 89% Loan to Value. Credit subject to approval.

**Not what you are looking for? Ask us about our Traditional Home Equity Line of Credit Product.


It depends. We strongly recommend you talk to a tax advisor to assess your individual situation.

Absolutely. We’ve made our online, mobile, and tablet banking services free, as in ZERO fees, NO charges. Just remember, your mobile carrier may charge for internet access or text messages, and message and data rates may apply.

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