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Fixed-Rate Loan Option



Does a Fixed-Rate Loan Option make sense for you?

Enjoy the predictability of fixed payments when you convert some or all of the balance on your variable-rate home equity line of credit (HELOC) with a Fixed-Rate Loan Option. Your fixed rate won't change for the selected term — which means you're protected from the possibility of rising interest rates.

Existing HELOC customers: If you have questions about your account, please call customer service for more information at 800.934.5626 (Mon.–Fri. 7 a.m.–7 p.m. local time).

How a Fixed-Rate Loan Option may save on interest payments

  • Transfer credit card or installment loan balances from other financial institutions to your HELOC — and set up a Fixed-Rate Loan Option to pay off the balances

  • If variable rates move above the fixed-rate of a Fixed-Rate-Loan-Option you could pay less interest

Benefits of a Fixed-Rate Loan Option

  • Predictable monthly payments that stay the same for the selected term- never worry about the possibility of rising interest rates

  • No fees to convert your variable-rate HELOC balances to a Fixed-Rate Loan Option

  • Flexibility of maintaining up to 3 Fixed-Rate Loan Options at one time

How does a
Fixed-Rate Loan Option work?

Here's an example using a home
equity line of credit of $40,000

Total home equity
line of credit:
  • Fixed-Rate Loan Option
    (kitchen remodel)
    locked at a fixed rate
  • Withdrawals made at
    variable rate (car repairs)
  • Available credit

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Sat. 8 a.m.-6:30 p.m. ET

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