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Home Equity Lines of Credit

Home Equity Lines of Credit as low as 3.99% Annual Percentage Rate*  

Unlike other Home Equity Lines of Credit, we offer:

  • CREDIT* toward closing costs
  • NO* set up or annual fees
  • NO* prepayment penalties or requirements to repay closing costs if you payoff or close the line

It’s as simple as that!

Take advantage of the equity you have built in your home with Asheville Savings Bank’s Home Equity Line of Credit. It could be one of the smartest ways to get the money you need to do the things you want, like home improvements to increase the value of your home, purchase a new car, or take that once in a lifetime family vacation.

Plus you have choices in payment plans, flexibility to borrow as much or as often as you like (up to your credit limit), potential tax benefits like tax deductible interest (consult a tax advisor about deductibility of interest), and ongoing accessibility now and into the future!

Learn more about our personal banking services

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* The rate advertised is an example of our best rate currently offered. Your rate may vary and will depend on various factors including but not limited to credit qualification, loan amount and, repayment terms. Subject to approval and closing, the bank will provide the borrower $300 credit towards closing costs or a credit towards the actual fees, whichever is less. These fees generally range between $100 and $1,700 depending on the credit limit. This product is for an owner-occupied primary 1-4 family residences and excludes manufactured homes, investment properties, second homes, and homes currently listed for sale. Requirements include property insurance and flood insurance if needed. Our Home Equity Line of Credit programs have variable periodic rates that currently range from as low as 3.99% Annual Percentage Rate (APR) to 5.75% APR, with a maximum rate up to 18.00% APR. In order to receive the 3.99% rate, it is required that the loan-to-value be 80% or less, have a minimum credit score of 730, and have a minimum line of credit amount of $50,000. There is a $500,000 maximum line of credit amount for a first lien position and a $250,000 maximum line of credit amount for a second lien position.

For general inquiries contact us at:
800 222 3230 | | PO Box 652, Asheville, NC 28802

Copyright 2017. First Bank is doing business as Asheville Savings Bank until March 16, 2018.