Home Equity
Line of Credit

Annual Percentage Yield (APY) is accurate as of 11/21/22 and is subject to change without notice. Minimum of $50,000 to obtain the advertised APY. Advertised APY assumes the principal and interest will remain on deposit for the entire term. A penalty will be imposed for early withdrawal. Fees could reduce the earnings on the account. Interest that is not compounded cannot remain on deposit and payout of interest is mandatory.


A Home Equity Line of Credit (HELOC) is a type of loan where you can borrow money using the equity in your home as collateral. The amount of equity in your home is the difference between the value of your home and the amount you owe on your mortgage. A HELOC is a revolving credit, which means that as you pay down your balance, you can continue to borrow against the available credit up to the limit of the loan - much like a credit card, but with much lower interest rates.


With a HELOC you benefit from being able to flexibly borrow only what you need for whenever and whatever you need it for. With a much lower interest rate than the average credit card interest rate, you can increase your spending power for those unexpected expenses without having to overpay in interest. Moreover, the interest paid may be tax deductible if the funds are used to improve or purchase a home.*


  • New Pool
  • Patio or Deck
  • Kitchen Remodel
  • Landscaping
  • College Tuition
  • Pay Off High-Interest Debt
  • Home or Vehicle Repairs
  • New Vehicle
  • Down Payment on 2nd Home
  • Wedding Expenses
  • Family Emergencies
  • In-Law Suite
  • Business Start-Up Expenses
  • Medical Debt
  • Rental Property AND MORE...


  • 4.99% Introductory Rate for the first 3 months (5.059% APR)*
  • We pay up to $500 of your closing costs
  • No application fee and No origination fee
  • Only required to make monthly interest-only payments during the 3-year draw period.
  • Borrow up to 85% of your home's equity for first lien positions (no max) or 80% of your home's equity for second lien positions (max of $50,000)
  • Minimum line of credit of $10,000
  • Access your funds anytime using your Online/Mobile Banking Account, or contact us by phone or visit your local branch during business hours.
  • Interest may be tax deductible–check with your tax advisor*

Click above to email loans@marion-bank.com or message us below if you're ready to get started!

*The Introductory Annual Percentage Rate (APR) is "discounted" meaning it is not based on the Index, which is the Wall Street Journal U.S. Prime Rate, and margin, which is 0.00%, used for later rate adjustments. This Introductory APR will be in effect for the first 3 months and begins on the date of account opening. During this “discounted” period, the APR is 5.059% and the Daily Periodic Rate is 0.0139%. For comparative purposes, currently, the non-discounted Index and margin APR is 8.50% and the Daily Periodic Rate is 0.02329%. After the first 3 months, the APR will be variable and can change daily. There is no limit on the amount by which the APR can change during any one year. However, under no circumstances will the APR exceed 18.00% per annum or go below 4.00% per annum at any time.

For an average $40,000 HELOC, the estimate for closing costs is $451 paid by the borrower after the $500 lender credit. These closing costs include a flood insurance determination charge of $18.00 and other closing costs that can vary by county and loan amount, such as title fees, appraiser fees, credit reporting fees, and government agency fees. There are no additional finance charges, not calculated by the daily periodic rate. If the Line of Credit is closed within three years of the agreement date, any lender-paid closing costs must be reimbursed to the lender. Offer is only for owner-occupied primary or secondary residences. All home equity lines of credit are subject to credit approval and is subject to change without notice.


We welcome you to contact us with any questions or concerns. However, please do not include any confidential information in your message.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.