Home Equity Line of Credit Special
New Introductory Rate
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You've worked hard to build the equity in your home!
It's time to get rewarded with a Home Equity Line of Credit from Dime Bank, now available with a special introductory rate. From renovating your kitchen, to adding a pool in the backyard or even paying school expenses like tuition, a HELOC from Dime can help you achieve your financial goals.
5.25% APR*
Variable-rate thereafter, currently
Prime - 0.5% or 6.25% APR
Do more with a Home Equity Line
With a Dime Home Equity Line you can use the equity in your home to borrow whatever you need, whenever you need it:
- Borrow up to a specified amount based on your home equity
- Draw on your line of credit with one of three convenient ways; check access, in-person at any branch, or with DimeOnLine
- Withdraw whatever you need, whenever you need it
- Enjoy our special introductory rate available for new Dime Bank lines
- $25,000 minimum initial draw is required at closing
Contact Our Experts:
*Introductory Annual Percentage Rate (APR) of 5.25% is fixed for the first year. After the introductory rate, the APR is a variable rate based on the Wall Street Journal Prime Rate as published in the Wall Street Journal (currently 6.75%) - 0.500%, or 6.25% APR (subject to the floor/minimum rate of 4.00%, APR 4.00%) (Maximum rate to be charged is 15.00%, APR 15.00%), subject to change. Your actual (APR) may be different than the rates shown. APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, and combined loan to value. Offer available for new lines only. All loans subject to credit and underwriting approval. Properties must be located in Owner-occupied primary residences or second homes only. No Trusts or LLCs allowed. $25,000 minimum initial draw is required at closing and must be maintained for at least six months from origination/funding date. The following fees apply: account closure fee of 1% of the current credit limit if the account is closed within 36 months from the date the account is opened; annual fee of $50 due each year of the draw period beginning with the 13th billing cycle; Other fees may apply to open the line and can range from $0 to $2,351(estimated). Not intended for homes currently for sale or intended to be sold within 12 months of closing. Property insurance is required. Flood insurance where required by law. Offer available for a limited time only and may be withdrawn at any time. Rates subject to change. Other restrictions may apply. Consult your tax advisor regarding the deductibility of interest.