4.74% Home Equity Line of Credit Special

4.99% AND an Extra 0.25% off your rate with Automatic Payments

  • Apply for a Bank of Clarke HELOC and receive 0.25% off your rate!
    • Sign up for Automatic Payments to receive the discount*
      • Automatic payments must come from a Bank of Clarke deposit account. 
  • Available for new Home Equity Line of Credit applications 
  • Refinance of an existing Bank of Clarke Home Equity Line is not eligible for this offer.

Features & Benefits: 

  • Lower interest rates than credit cards or personal loans
  • Tax deductibility advantages
  • Revolving line of credit allows you to borrow as little or as much as you need
  • Flexibility to pay down and reuse your HELOC
  • Convenient access to funds – by check, by phone, at a branch, or through online banking
  • A 10-year term with the possibility to refinance at maturity -- as the equity in your home grows, we may increase the amount of your line at this time]


                                                                  Apply Here




Refinance of an existing Bank of Clarke Home Equity Line is not eligible for this offer.

*Subject to credit approval. This is a variable rate loan. Please consult a tax advisor for further information regarding the deductibility of interest and charges. Refinancings of existing Bank of Clarke Home Equity Lines of Credit are not eligible for this offer. All rates and terms are subject to change without notice. Minimum initial advance of $10,000. Please contact us for more information. Bank of Clarke will pay all closing costs for HELOCs up to $500,000 for requests secured by an owner-occupied single-family residence unless the HELOC is terminated within the first three years of origination. Closing costs start with a $250 origination charge plus any attorney’s fees, appraisals, recording costs, credit report fees, as well as any other fee that may be assessed in association with the loan origination. Closing costs generally range between $300 and $4,500. 

 1 The 4.74% Introductory Annual Percentage Rate (APR*) is based on a promotional rate of 4.99% APR minus a .25% discount for setting up automatic payments. The introductory rate is fixed for six months and, after the fixed period, will change to a variable rate transaction which means the APR, minimum payment amount, and final payment amount may change monthly. During the variable rate period, the APR will be determined based on the Wall Street Journal Prime Rate plus a margin and will be rounded to the nearest 0.125%. As of April 15, 2025, the Wall Street Journal Prime Rate is 7.50%. The margin is based on several factors including credit score, loan to value, and loan amount. The APR does not include costs other than interest.  Under no circumstance will the APR go below 4.00% or exceed 18.00%. Excellent credit is required to qualify for the lowest rates.  At least 50% of booked applicants applying for the advertised rate qualified for the advertised rate based on data from 1/1/24 – 1/31/25.

 2 The ”auto pay” discount of 0.25% is available by setting up automatic payments at or before account opening from an eligible Bank of Clarke deposit account and maintaining those automatic payments throughout the term of the loan. If for any reason the automatic payments are terminated, the interest rate discount will be terminated, and the rate will increase by 0.25% effective the next business day and will remain for the life of the loan.

All rates and terms are subject to change without notice.