Essex Bank Login Locations Search View Menu Breadcrumb page navigation HomeMortgagesOther Real Estate LoansHome Equity Lines of Credit (HELOC) HOME EQUITY LINES OF CREDIT (HELOC) By using your home as collateral, a home equity line of credit (HELOC) allows you to borrow against available equity. Whether you are looking to make home improvements, consolidate debt, pay for college tuition, use the funds to take a vacation or purchase a car, the possibilities with a line of credit are endless! FEATURES: Convenient access to funds by writing a check Competitive rates Apply Online or in Branch Possible tax advantages at tax time* *Consult your tax advisor. HELOC Disclosure: Limited time offer is subject to credit and property approval and is based on a minimum equity line amount of $10,000 with a maximum combined loan to value of 85%. The lowest APR (Annual Percentage Rate) currently offered is 4.25% and is a variable rate, which is subject to change. All balances will be calculated at a standard variable APR as indexed to the Wall Street Journal Prime Rate (currently 3.25% as of July 1, 2021) plus a margin of 1.00% with a floor of 4.25% for the life of the loan. Automatic deduction of payment is required from an Essex Bank checking account to obtain advertised rate. APR may increase 0.25% if automatic payment is discontinued. The Maximum APR is 24.00% or the maximum required by state law, whichever is less. The line has a 10-year draw period followed by a 15-year repayment period. Effective with applications taken after 7/7/2021, Borrower will be responsible for paying all Closing Costs associated with the home equity line of credit. Depending on the circumstances of your loan, total closing costs generally range from $400 to $3,800. Product available only to primary and non-investment secondary single-family residential real property located in Virginia and Maryland. Property insurance and, if applicable, flood insurance, must be in effect on property securing the loan. Certain conditions and restrictions may apply. Consult a tax advisor regarding interest deductibility. HELOC Product Disclosure Still need help or have questions? Choose a banking location for more contact information.CHOOSE LOCATION CONTACT A BANKER YOU MIGHT ALSO WANT TO: Use Our Calculators » OTHER REAL ESTATE LOANS CONSTRUCTION LOANS RESIDENTIAL LOT LOANS HOME EQUITY LINES OF CREDIT RELATED PRODUCTS ONLINE BANKING FINANCIAL PLANNING PERSONAL LOANS Footer Area WAYS TO CONNECT 1-800-443-5524 Facebook Twitter LinkedIN QUICK LINKS HOMECONTACT USBLOGCALCULATORSCAREERSSECURITY CENTERPRIVACY POLICYSITEMAPTERMS OF USE CBTC - SHAREHOLDER INFORMATION We are publicly traded on the NASDAQ under the symbol ESXB. VIEW MARKET SUMMARY ROUTING NUMBER #051406909 Member FDIC Equal Housing Lender ©2021 Essex Bank. All Rights Reserved.