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HELoC Select offers convenience and flexibility

TruMark Financial’s HELoC Select allows you to choose when you want to borrow and how to pay it back. It starts as a line of credit and then allows you to switch all or part of the balance to a fixed rate at any time, giving you a manageable payment (see “Lock-in your rate” tab below for details). Whether you need funds for home improvements, consolidating debt, paying for education expenses, or taking a vacation, you’ll enjoy the convenience of choosing a payment option to meet your needs.

Additional benefits include:

Access your money as needed or use it all at once
Borrow up to 90% of your home’s value
Write checks directly from your home equity line of credit
Receive 20 free checks with the ability to reorder more
Borrow at a lower rate than most unsecured consumer loans
Make payments via automatic transfer, Account Management by Phone, online banking, the mail, the Member Service Center, or any branch location
Pay off the line early without penalty
No inactivity fee
No annual fee

Rates

Lock-in your rate

FAQs

Disclosures

HELoC Select Rates

Account

Loan Amounts

APR As Low As*

HELoC Select – Primary

Account

HELoC Select – Primary

Loan Amounts

$5,000 – $200,000

APR As Low As*

7.24%

HELoC Select – Vacation or Secondary

Account

HELoC Select – Vacation or Secondary

Loan Amounts

$5,000 – $200,000

APR As Low As*

7.24%

HELoC Select – Primary

Account

HELoC Select – Primary

Loan Amounts

$5,000 – $200,000

APR As Low As*

8.24%**

HELoC Select – Investment Properties

Account

HELoC Select – Investment Properties

Loan Amounts

$5,000 – $49,999

APR As Low As*

8.49%

*Annual Percentage Rate (APR) accurate as of 4/3/23, applies to minimum line amount of $5,000, is subject to change without notice, and applies to a loan-to-value (LTV) ratio of 80% for primary residence.
**Annual Percentage Rate (APR) accurate as of 4/3/23, applies to minimum line amount of $5,000, is subject to change without notice, and applies to a loan-to-value (LTV) ratio of 81% to 90% for primary residence.
*/**Annual Percentage Rate (APR) is subject to change without notice, depends upon amount financed, credit score, lien position, and collateral. Minimum floor APR is 2.99%, maximum APR is 18%. Best available rate is prime minus 0.76%, unless rate falls below the minimum APR. Property and/or flood insurance is required. APR is variable based on the highest Prime Rate published in The Wall Street Journal and is adjusted on a monthly basis. As of 3/23/23 the Prime Rate was 8.00%. All loans/lines of credit are subject to approval and collateral evaluation. $100 processing fee will apply. Fees and charges may apply. Additional restrictions, limitations, and exclusions may apply. You may elect to “lock in” or convert a portion of your variable-rate outstanding balance to a fixed APR over a set term. You may select the term of your lock feature from terms provided to you at the time you exercise this option. Offered rate will be based upon borrower’s creditworthiness and term selected. The minimum amount that may be locked in is $5,000. The minimum term of the lock feature is five years and the maximum term of the lock feature is 20 years. Please call TruMark Financial at 1-877-TRUMARK for further details. NMLS 404938

Switch all or part of your TruMark Financial HELoC Select balance to a fixed-rate at any time. HELoC Select holders can have up to three locks.*

Get started
Contact TruMark Financial’s Member Service Center or visit your local branch to request the amount and term you would like to lock-in. TruMark Financial will calculate the interest rate and payment of the requested locked-in portion of your HELoC Select balance based on credit score, term requested, and loan-to-value to determine your monthly payment and send you a Lock Agreement which must be completed and returned.

*You may elect to “lock-in” or convert a portion of your variable-rate outstanding balance to a fixed APR over a set term. You may select the term of your lock feature from terms provided to you at the time you exercise this option. Offered rate will be based upon borrower’s creditworthiness and term selected. The minimum amount that may be locked in is $5,000. The minimum term of the lock feature is five years and the maximum term of the lock feature is 20 years.

What is home equity?

Home equity is the difference between your home’s market value and the remaining balance owed on your mortgage.
If you own a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity. With a home equity line of credit, you can borrow against the value of your home. This could be a good strategy if you need extra money to pay for a large expense.

Why do I need a home equity line of credit?

How do I choose between home loan products?

How much equity do I need in my home to take out a HELoC?

How do I refinance my home equity loan from elsewhere with TruMark Financial?

Are there closing costs associated with a home equity loan or home equity line of credit?

Home Equity Early disclosure

Apply for a TruMark Financial loan today

At TruMark Financial, enjoy competitively low-rate loans for all of your financial needs. Apply now and be approved within minutes.

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HELoC Select offers convenience and flexibility

What is home equity?

Why do I need a home equity line of credit?

How do I choose between home loan products?

How much equity do I need in my home to take out a HELoC?

How do I refinance my home equity loan from elsewhere with TruMark Financial?

Are there closing costs associated with a home equity loan or home equity line of credit?

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