Freedom HELOC Special | Ridge View Bank

5.00% APR* Introductory Special With the Freedom Home Equity Line of Credit (HELOC)

*Annual Percentage Rates (APRs) are subject to credit qualifications, based on FICO score. Rates are effective May 5, 2025 and are subject to change. Promotional rate available for all new HELOCs. Introductory rate of 5.00% APR for 6 months and a variable rate based on The Wall Street Journal Prime Rate minus 0.25% thereafter. Your monthly payment will increase after the introductory period ends. The post-introductory interest rate is subject to monthly adjustments as the Prime Interest Rate changes, which is currently 7.50% as of April 28, 2025. Your APR will not exceed 18% or go below 3.25% at any time during the term of your account. The disclosed rates require a credit score greater or equal to 680, and an eligible Ridge View Bank checking account with auto-charge enabled for the payment. Maximum LTV of 85% on primary residence to qualify. 10-year draw period and a 20-year repayment period. Lines of credit are available starting at $2,500 and are for personal, family and household purposes. Other rates and terms may be available. Adequate property and tax insurance is required. A $49 annual fee applies to the draw period. A $99 fee applies each time the fixed rate lock is established. Introductory APR does not apply to fixed rate locks.

**No closing costs for loan amounts up to $500,000. If the line is terminated within the first 36 months, you will be required to reimburse Ridge View Bank for the third-party costs associated with originating the loan. Third party costs are estimated between $600 - $6,200 based upon loan amounts up to $500,000, and must be paid at the payoff and termination of your account.

Home isn’t just for today—it’s the freedom to plan for tomorrow.

No Closing Costs | No Application Fees**

Ridge View Bank’s Freedom Home Equity Line of Credit (HELOC) is like a traditional line of credit, where you have the flexibility to pay just the interest on the portion you borrow. Plus you have the freedom to lock in a portion of your line of credit and pay it off with fixed monthly payments. Take advantage of the equity in your home with these benefits:

Flexible payment options
Lock the rate on what you borrow
Easy access to funds
Competitive interest rate

How It Works

When you’re approved for a Home Equity Line of Credit, you have the option to draw on your line of credit or lock in portions just like a fixed rate, fixed term loan.

The maximum lock periods available is three, and there is a fee per lock each time you lock a portion of your HELOC balance.

As you pay down the HELOC, the funds become available again on your line of credit.

Get started today!

Unlock the financial flexibility you need with a Home Equity Line of Credit (HELOC). Whether you're looking to renovate your home, consolidate debt, make a big purchase, build an emergency fund, or invest in new opportunities, a HELOC gives you access to the equity in your home—on your terms. Take advantage of this introductory rate and the ability to borrow as needed, so you can stay in control of your financial future. Don’t let your home’s value sit idle—put it to work for you today!

Visit your local Ridge View Bank Branch or call 1-866-223-8877.

Apply Now

Borrowing Best Practices

How Much Should I Borrow?

A good rule of thumb is to borrow the amount you can comfortably afford, not the amount you qualify for. Otherwise, this could leave you in a pinch with day-to-day expenses.

Debt to Income Ratio

Your monthly debt payments divided by your gross total monthly income calculates your debt-to-income ratio. This ratio is used in determining the credit limit and monthly payment you qualify for.

Credit Score & Interest Rate

The interest rate you receive is based on your credit score. The lowest rates are given to customers with a credit score of 680 or higher.

Fixed vs. Variable Rate

Fixed rate loan payments remain the same throughout the life of the loan. Variable rate loans are tied to a market index, so rates and payment amounts could vary over time.

Additional Mortgage Information

Ridge View Bank takes pride in the experience and expertise of our mortgage lenders. The Nationwide Mortgage Licensing System Registry gives you access to a free service to confirm that the mortgage company or mortgage professional employed by us is authorized and licensed to conduct mortgage business. Access this information by clicking here. NMLS#410748

Ridge View Bank appreciates the opportunity to be your financial partner.

Contact Us Today!

If you're interested in learning about our products or services, please contact us toll-free at 1-866-223-8877, visit us at any Ridge View Bank branch location, or send an email to CustomerServiceCenter@RidgeViewBank.bank.