Home Equity Line of Credit

Man and woman looking at blue prints. Home Equity Lines Of Credit Sandy Spring Bank

A Home Equity Line of Credit May Be the Ideal Solution

Is there a major home renovation you’d love to start? How about paying for college? Or even a dream trip you’ve always wanted to take? No matter your reason, the equity already in your home may be the perfect option for you, providing affordable access to additional funds whenever you need them.

What is a home equity line of credit? 

A line of credit secured by your home that provides access to funds to use for a variety of purposes. It offers flexibility and is useful for projects with multiple purchases. Calculate your home equity line of credit payment ».

Apply Now

Easy & Accessible

  • Convenient and easy access to available funds.
  • Lower interest rates than other types of credit, including credit cards.
  • No origination or annual fees.1
  • The option to lock-in a portion of your outstanding balance at a fixed rate.
  • Overdraft protection, linked to your home equity line of credit, helps to avoid overdraft fees.
  • Interest rate discount of 0.25% for automated payments set up from a Sandy Spring Bank checking account at loan origination. 

4 Reasons Clients Use a HELOC*

  • Home improvements and additions
  • Vacation funding
  • Education costs
  • Medical expenses

Frequently Asked Questions (FAQs)

  • Disclosure

    View our Fair Lending Policy statement. » 

    Loan program subject to change without notice and cancellation at any time. Actual qualification is subject to verification and approval of income, credit, property appraisal and other factors. Additional fees, terms and conditions may apply. Other rates and terms are available. Please consult your tax adviser regarding tax deductibility.

    Home Equity Line of Credit

    1To open an account, you must pay certain fees to third parties such as appraisers, credit reporting firms and government agencies (closing costs). These third party fees generally total between $540.00 and $1,400 for a $50,000 line of credit. We will pay your closing costs, up to $5,000. You must pay any and all closing costs that exceed $5,000, including any applicable transfer taxes whether in part or in full. You will reimburse us for all closing costs that we paid on your behalf to third parties if the line is terminated (by you or us) during its first three years. Upon request, we will provide you with an itemization of these closing cost. Closing cost are not waived for purchase transactions.

    * According to Bankrate, https://www.bankrate.com/home-equity/reasons-to-use-home-equity/.