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Home Equity

Summit Community Bank makes it easy for you to leverage the equity in your home to help fund personal needs.

Home Equity Line of Credit
(For Line Amount $25,000 or Greater)

Variable interest rates, tied to Prime, for lines up to 90% of the value of your home
35 years***
Closing Cost
Summit Community Bank will pay closing cost up to $1,200.00 (additional closing cost are the  responsibilities of the borrower,  which are due at account opening). 
Early Termination Fee
Closing cost must be paid back if line is closed  within the first three years
Rates  0.00% APR*
Introductory Rate for the first 3 months.
-Normally ranges from 4.75% APR to 7.25% APR**

Let's Get Started

Summit makes it easy to get the process started right now. Simply download the
Home Equity Line of Credit kit, provide the information requested, sign, then contact your
Summit Personal Banker or bring into one of our branch locations today.

Loan Calculator


*Credit is Subject to Credit Approval.  Annual Percentage Rate (APR) as of 9/1/2017 for new HELOC only. The promotional rate will not apply to any existing Summit Community Bank HELOC customers. Purchase or Bridge Loans transactions are not eligible for the promotional rate and is required to pay all closing cost. After three months, the introductory rate will convert to a variable annual percentage rate. Maximum interest rate over the life of the loan is 18%. Minimum interest rate over the life of the loan is 3.99%. Annual percentage rate may increase after consummation.  Bank will pay closing cost up to $1,200.00 (additional closing cost are the responsibilities of the borrower, which are due at account opening).  However, if you close your account within three (3) years, we will add the closing cost to your payoff amount for the reimbursement of those fees.  Total closing costs generally range from $100 to $1,500. Some restrictions may apply. Rates subject to change. Limited time offer. See your local branch for more details. Summit Community Bank will take a security interest in the property purchased or property identified in the loan. Property insurance is required and flood insurance may be required. 
** Normal APR ranges from 4.75% APR ­to  7.25% APR based on your credit worthiness at the time of application.
*** Home equity lines of credit have an initial draw period of 15 years, followed by a 20 year repayment schedule.