Allegacy Home Equity Line of Credit…a smart way to manage life’s expenses!

An Allegacy Home Equity Line of Credit is a smart way to manage:

• Summer vacations
• Home improvements
• College tuition
• Unexpected expenses
• Debt consolidation

Allegacy offers home equity loans on primary homes and on second homes*. Regardless of how long you've lived in your house, you may have enough equity to access those funds and make your home work for you. Qualified borrowers may be able to borrow up to 110% of their equity!

An equity loan may reduce your tax liability (consult a tax advisor), reduce your interest payments on other high-interest debt, and pay for college tuition, home improvements, and other major purchases.

Our rates are lower than most banks' rates and may be lower than your credit cards or other loans. Allegacy will even pay closing costs up to $500!

Allegacy offers three types of home equity loans:

Basic Home Equity Line of Credit
Variable rate tied to the Prime lending rate** subject to quarterly adjustment. Allows future advances to a pre-determined credit limit. Use your free EquityChoice Visa Debit Card to access your Equity Line of Credit.

Fixed-Rate Home Equity Loan
A fixed rate for the entire term of the loan. The payment amount remains the same throughout the term of the loan. Offered on primary and secondary homes.

Interest-Only Equity Line
Variable rate tied to the Prime lending rate** subject to quarterly adjustment. Allows future advances to a pre-determined credit limit. Only required to pay interest on the balance for the first 15 years!

* Second homes must be owner-occupied. Rental properties are not permitted.
**Prime lending rate as published in The Wall Street Journal.