Home Equity

You've officially run out of excuses for putting off that big home remodeling project. We're offering a limited-time introductory rate of: 

1.50% APR on a Home Equity Line of Credit

Get an introductory rate of 1.50% APR* for 6 months and a variable rate 

as low as 3.99% APR thereafter. 


Our HELOC application is not currently available on mobile or tablet devices - we apologize for the inconvenience.
Please use a PC or visit us in person to complete your application. 

*After the introductory period, the APR may vary each month and is determined by adding or subtracting a margin to an index. The index is the Prime Rate published by the Wall Street Journal which, as of 1/13/2017, was 3.75%. Your margin will be based on loan to value and credit score. The APR will not exceed 18% or be less than 3.99%. The minimum monthly payment will be the finance charges accrued on the outstanding balance during the previous month. The Annual Fee is waived for the first year and ranges from $50 to $100 thereafter. Closing costs consist of title insurance ranging from $40 to $825 and, if required, appraisal costs from $400-$450. All other standard third party costs are waived. This offer applies to new Home Equity Lines of Credit for amounts of $5,000 or greater. The offer is not available for refinances of existing State Bank Home Equity Lines of Credit. Property must be owner occupied. Application must be received by 7/31/2017 to receive the introductory APR. Property insurance is required. Flood insurance may be required. Subject to credit approval. Rates subject to change. 

Home Equity Line of Credit

A Home Equity Line of Credit from the State Bank of Cross Plains works more like a credit card and lets you borrow money when you want up to your limit. Benefits include: 

  • Paying interest rates that are far below those paid on typical credit cards
  • Deducting the interest you pay from your taxes. (Contact your tax advisor for specific information) 
  • Flexibility of interest only monthly payments
  • Access funds as needed without having to re-apply

Home Equity Loan

A Home Equity Loan can help cover the cost of a large purchase, like a new roof on your home, a college education for your child or an unexpected medical bill. It allows
homeowners to borrow money by leveraging the equity they have built up over time.  A Home Equity Loan from State Bank of Cross Plains provides the money you need now with loan options that work for you. 

Choose from two options:

Fixed Rate Loan Option

  • Great way to consolidate your debt 
  • Funds disbursed in one lump sum
  • Fixed monthly payments for the life of the loan 
  • You may be able to deduct the interest you pay from your taxes (contact your tax advisor for specific information) 

Adjustable Rate Loan Option

  • Great choice for borrowers looking to stay in their home for the short-term
  • Interest rate is locked for the initial period and then adjusts annually
  • Monthly payments adjust as interest rates adjust
  • You may be able to deduct the interest you pay from your taxes (contact your tax advisor for specific information) 

To learn more about the benefits of a Home Equity Loan, contact us today at (855) 256-7328. To secure a Home Equity Loan, APPLY NOW