heloc rates

Current Rates

FEATURES

  • Uses the equity in your home
  • Lines of credit available up to $1,000,0001
  • No annual fee
  • Interest may be tax deductible - consult your tax advisor
  • Access line of credit by Equity ExpressSM Visa® card or checks
  • Fixed Rate Equity Loan Options available2

 

SERVICES

 

COMPARE ALL LOANS AND LINES OF CREDIT >

 

To learn more about a Home Equity Line from American Savings Bank,
request a follow-up from one of our loan officers.

All fields required

Be among the first to hear about new offers and exciting events at American Savings Bank. We only share information as described in our Privacy Policy.
Opt-in:
 

 

COMPARE ALL LOANS AND LINES OF CREDIT

  1. Line of credit amount depends on home equity borrower's creditworthiness and occupancy.
  2. Promotion effective for requests submitted 12/1/16 through 5/31/17. The promotional rates apply to up to five Fixed Rate Equity Loan Options (FRELO) during the draw period of your HELOC; it is available to existing and to new owner-occupant EEX accounts with an advance on the line of at least the minimum loan amount and automatic payment from an American Savings Bank checking account. Based on a 7-year fixed rate loan of $50,000 at 3.50% APR, there will be 84 monthly principal and interest payments of $671.99. For 7-year terms, the minimum loan amount is $50,000 and the maximum loan amount is $250,000. Based on a 10-year fixed rate loan of $20,000 at 3.75% APR, there will be 120 monthly principal and interest payments of $200.15. For 10-year terms, the minimum loan amount is $20,000 and the maximum loan amount is $250,000. Investor rates are available. Current non-promotional rates as of 2/1/17 are 6.25% for a 7-year fixed rate loan and 7.00% for a 10-year fixed rate loan. Other FRELO terms and rates are available. FRELO may be added upon your request, provided that you and all named borrowers on the Equity Express account execute the Equity Express with Fixed Rate Equity Loan Options Addendum to the Equity Express Credit Agreement.
* Offer is a two-year promotion (Promotion Period): annual percentage rate (APR) is 1.00% fixed for year one (months 1 through 12), from the date your new Equity ExpressSM (EEX) Home Equity Line of Credit (HELOC) account is opened followed by APR of 2.00% fixed for year two (months 13 through 24). Offer is based on borrower’s credit score and is for a qualifying first or second lien request on an owner-occupant or first lien request on investor applications received 12/1/16 through 5/31/17 that fund by 6/30/17. Promotional rates require automatic payment from an American Savings Bank (ASB) checking account and are subject to change or discontinuance without notice. Depending on borrower’s credit score the promotional rate may be one of the following:  (a) 1.00% APR in months 1 through 12, followed by 2.00% APR in months 13 through 24; (b) 2.00% APR in months 1 through 12, followed by 3.00% APR in months 13 through 24; or, (c) 3.00% APR in months 1 through 12, followed by 4.00% APR in months 13 through 24. Offer is not available for a second lien request on an investor line, on properties listed for sale within the prior six months, to any existing ASB HELOC account opened prior to 12/1/16 and secured by the subject property, or when paying down/off any existing ASB residential mortgage loan balance. If you have not closed your loan and a new promotion begins with a different rate, you may opt for the new promotion. Promotional or discounted rate requires you to have automatic payment with an American Savings Bank Checking account. Cancellation of automatic payment anytime during the life of the loan may increase your rate to the non-discounted rate. After the Promotion Period ends, the interest rate is variable. Current variable rate effective 2/1/17 is 4.50% APR, and is subject to change monthly based on the highest Prime Rate published in the Wall Street Journal, plus a margin (subject to the floor rate of 4.50%; maximum APR is 18.00%). If your line amount is more than $25,000, a fee of $500 will be charged if you request we close it within three years from the agreement date. This fee will not be charged if: (i) your line is $25,000 or less, (ii) you sell the Collateral to an unrelated/unaffiliated third-party, or (iii) you payoff your loan with proceeds from a real estate secured loan from us. EEX must be secured by fee simple property located in Hawaii. Fire, hurricane, flood (if in flood hazard zone) and localized peril (if in a lava hazard zone) insurance policies are required at homeowner’s expense. For owner-occupant EEXs up to $250,000 (excluding properties listed for sale within the prior six months), ASB will pay or waive fees and costs for flood certification, bank’s title insurance (up to $125), escrow, credit report, trust review, condo review, mortgage recording, notary, recording fee for the release of third-party mortgage, and valuation through an automated valuation model and property condition report (up to $60) of ASB’s choice; however, at their own cost, customers may request an appraisal at an estimated cost between $500 and $1,200. For owner-occupant EEXs up to $250,000 (excluding properties listed for sale within the prior six months), receive a credit of up to $500 at loan closing to offset a third-party lender’s early closing fee when you make an initial advance on your new EEX to pay off your existing home equity line balance of at least $10,000 with that third-party lender. This early closing fee must be assessed and identified by the third-party lender through its payoff procedure in order to receive the credit at loan closing.
 
ASB will process your application, and if approved, have the credit documents ready to schedule your signing appointment within 21 calendar days of receiving the completed application. If ASB does not meet the 21-day service guarantee, you will receive $100 at account signing. Service guarantee is available to all United States citizens and permanent resident aliens, and does not apply to the following:  1) applications for lines greater than $250,000; 2) applications that require an appraisal; 3) applications made simultaneously with an application for a residential first mortgage loan; 4) application delays relating to title, trust, insurance, and property condition reports; and 5) properties subject to shared appreciation equity or other buyback restrictions. Effective for applications received 12/1/16 through 5/31/17.