It’s your home…make it yours with a Home Equity Line of Credit (HELOC). Whether it’s upgrading your kitchen or a new deck to enjoy in warmer weather, we can help bring your dream home to life.

Let's Talk About Your Dreams

Our team will be there every step of the way to walk you through the HELOC process and answer your questions. Fill out this form and one of our local bankers will be in touch to talk about your goals.


HELOC Rates & Benefits at Merchants Bank

  • An introductory APR as low as 2.9% for the first 6 months and 4.00% APR after 6 months.*
  • Convenient access to funds when you choose.
  • Potential tax advantages on the interest paid on HELOC. Consult your tax advisor for more information.
  • Local service from your Merchants Bank branch.

*Subject to credit approval. As of March 16, 2020, the Annual Percentage Rate on a home equity line of credit with an 80% or less loan-to-value and a credit score greater than or equal to 700 was 4.00%. This special offer has fixed-rate pricing as low as 2.9% APR for the first six months, based on relationship reward discounts. Following that six-month period, the rate will become variable, subject to change, based on U.S. Bank, N.A., prime rate plus a margin that is determined based on the loan-to-value in your home and your credit score at the time of application. Current rates vary from 4.00% to 5.75% APR. Maximum possible APR is 18%. Minimum possible APR is 4.00% An origination fee may apply, in addition, you are responsible for certain fees to third parties, such as appraisers, credit reporting firms and government agencies, which are generally from $100–$1,000. Following the first year, there will be an annual fee of $25. Offer available on new home equity lines of $10,000 or more only or on existing lines of credit with an increase of at least $10,000. Consult your tax advisor regarding the deductibility of interest expense. Property insurance will be required. Limited time offer.