Skip to Content

You are now leaving Cardinal Bank.

You are now leaving Cardinal Bank's web-site and are going to a web-site that is not operated by the Cardinal Bank.

Cardinal Bank is not responsible for the content or availability of linked sites.

Please be advised that Cardinal Bank does not represent either the third party or you, the member, if you enter into a transaction. Further, the privacy and security policies of the linked site may differ from those practiced by the cardinalbank.com.

You will now access:

Cardinal Bank

Online Banking

Cash Management

Login

Subscribe to Newsletter




I Want to…

Connect With Us

Befriend us on Facebook Read our profile on LinkedIn. Follow our Tweitter Follow us on Instagram Check us out on Yelp

Personal Borrowing

PRINT

Home Equity Lines 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.

2.29% APR* Home Equity Line of Credit $25,000 or more
2.29% APR for 12 months

*After introductory period, Wall Street Journal Prime minus 0.25% with auto debit for the life of the line. Rate will not go below 3.25% APR.

For More Information or To Apply

To learn more, call the Cardinal Loan Center at 703.246.7347 or visit a Cardinal Banking Office near you.  Or, <img  data-cke-saved-src='//pixel.mathtag.com/event/img?mt_id=1017742&mt_adid=122577&v1=&v2=&v3=&s1=&s2=&s3=' src='//pixel.mathtag.com/event/img?mt_id=1017742&mt_adid=122577&v1=&v2=&v3=&s1=&s2=&s3=' width='1' height='1' />

Our Mortgage Loan Originators are registered and comply with the National Mortgage Licensing System (NMLS) and Registry.  NMLS Consumer Accesssmhttp://www.nmlsconsumeraccess.org, is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state. Cardinal Bank's NMLS ID is 408985.


The promotional rate of 2.29% APR is available for the first 12 months. After the promotional period, the APR is the Wall Street Journal Prime minus 0.25%* for the life of the line. Rate will not go below 3.25% APR. APR effective as of 3/4/16 on home equity lines of $25,000 and above and is subject to change.

Terms and Conditions: Limited time offer. Annual Percentage Rate (APR)effective as of 3-4-16 on Home Equity Lines $25,000 and above and is subject to change. New Lines of Credit only. *With Auto Debit of Minimum Monthly Payments from a Cardinal Bank deposit account: The 2.29% APR is valid for twelve months. After the initial twelve months, the interest rate adjusts to a variable rate equal to the Wall Street Journal Prime Rate minus 0.25% (current APR 3.25%). The minimum APR will not go below 3.25% and the maximum APR will not exceed 24%. After the initial twelve 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.  Without Auto Debit of Minimum Monthly Payments from a Cardinal Bank deposit account: The 2.29% APR is valid for twelve months. After the initial twelve months, the interest rate adjusts to a variable rate equal to the Wall Street Journal Prime Rate plus 0.25% (current APR 4.75%). The minimum APR will not go below 4.75% and the maximum APR will not exceed 24%. After the initial twelve months, the rate is subject to change monthly based upon changes in the Wall Street Journal Prime Rate. No direct debit is required. 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, 70% when the appraised value is between $1,250,001 to $1,500,000 and 65% when the appraised value is between $1,500,001 to $2,000,000. There is a 65% maximum LTV for First Trust lines of credit. Property insurance is required. No closing costs offer is for standard lines up to $250,000. Title insurance and/or appraisal may be required. We cap the maximum property value at $2,000,000. If you close your account within 36 months, closing costs must be reimbursed. The minimum line amount is $25,000. A minimum initial advance of $10,000 is required for standard loan closing costs to be covered by Cardinal Bank on loan amounts up to $250,000. 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 modify 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. The Home Equity Line of Credit product has an annual $50 fee.   

Explore cardinalbank.com