Home Equity Line of Credit (HELOC)

A lot of hard work has gone into your home — see it all pay off by tapping into that equity to finance a wide range of personal needs. HELOCs differ from traditional loans in that they provide you a line of credit, similar to a credit card, that can be accessed repeatedly.

With a HELOC from Volunteer State Bank, you’ll enjoy competitive rates and flexible terms. And with no need to reapply for financing, you can dip into your line of credit anytime to get what you need.

  • Open credit line allows you to meet ongoing needs as they arise
  • Competitively low rates for a wide range of recurring or seasonal needs:
    • Home improvements/remodeling
    • Personal Expenses
    • Family vacations
    • Education costs
    • Medical expenses
    • Debt consolidation
    • And more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Direct, anytime access to funds without the need to reapply
    • Write a credit line check at any time
  • Interest paid may be tax deductible*
  • Only pay interest on the part that’s used
  • Local decision-making and processing
  • Friendly Middle Tennessee service from start to finish

Review the following booklet and disclosures to learn more about HELOCs.

*Consult a tax advisor.