Cardinal Bank - Personal Banking - Home Equity Line of Credit

A Home Equity Line of Credit, or HELOC, uses the equity in your home to free up cash for home improvements, big purchases and other miscellaneous expenses. A HELOC provides more flexibility than a home equity loan by allowing homeowners to withdraw cash on an as-needed basis.

No closing costs.

3.60% APR*

Home Equity Line of Credit $25,000 or more
3.60% APR for 6 months

After introductory period, Wall Street Journal Prime minus 0.75%
for the life of the line.
Rate will not go below 4.00% APR.

Apply today by clicking below or by calling the Cardinal Loan Center at
703.246.7347. You may also stop by one of our conveniently located offices.

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Home Equity Line of Credit
* Terms and Conditions: Limited time offer. Annual Percentage Rate (APR) effective as of 1-10-12 on Home Equity Lines $25,000 and above and is subject to change. The 3.60% APR is valid for six months. After six months, the interest rate adjusts to a variable rate equal to the Wall Street Journal Prime Rate minus 0.75% (current APR 4.00%). The minimum APR will not go below 4% and the maximum APR will not exceed 24%. After the initial six months, the rate is subject to change monthly based upon changes in the Wall Street Journal Prime Rate. Direct debit of minimum monthly payments from a Cardinal Bank account is required to obtain this product at this rate. Available for principal residences only located in the Washington metropolitan area. Cooperatives and purchase money loans are not eligible. Rates apply to loan-to-value ratios of up to 80% when the appraised value is $750,000 or less, 75% when the appraised value is $750,001 to $1,250,000 and 65% for First Trust lines of credit. Property insurance is required. No closing costs offer is for standard lines up to $250,000. If you close your account within 36 months, closing costs must be reimbursed. The minimum line amount is $25,000, with a minimum initial advance of $10,000. Offers subject to credit approval and are for new accounts only. Other products and terms may exist for applications which do not qualify under above conditions. Interest paid on home equity account may be tax deductible. Consult your tax advisor regarding tax advantages.

Existing HELOC Customers may convert to the new lower APR for a fee of $500.00 (requires completion of a new credit application). Introductory rate is not offered for these modification requests.