Online Banking

We will be closed on July 4

Happy Birthday USA! As our country celebrates its independence on Tuesday, July 4, Anchor Bank and the Federal Reserve will be closed in observance of the holiday.

Home Equity Line of Credit

 

Photo of  child and kitchen


EQUITY CAN HELP YOU UPDATE EVERYBODY’S
FAVORITE ROOM

 


HOME EQUITY LINE OF CREDIT
Introductory rate for the first 6 months 
as low as

1.99% APR*
Variable rate after introductory period as low as
4.49% APR*

 


 


Talk to a banker to get started: (952) 230-1630
 

*Introductory Annual Percentage Rate (APR) is fixed at 1.99% during the six-month introductory period. After the six-month introductory period the APR is variable and based on the Prime Rate as published in The Wall Street Journal Money Rates Table (4.00% as of 03/16/17), plus a margin. This line of credit has a 10-year draw period, after which you will be required to repay any amounts borrowed within a 20-year repayment period. The quoted APRs are available for well qualified applicants with credit lines secured by a single-family owner occupied residential property, combined loan-to-value not exceeding 80%, and a first real estate mortgage balance of $450,000 or less. The quoted APRs reflects a 0.25% interest rate discount for automatic payment from an Anchor Bank checking account. Without the automatic payment feature, the offer has an Introductory 2.24% APR and a Variable rate after the introductory period of 4.74% APR. The maximum APR is 18.00% and will not go below 4.49% APR or 4.74% APR after the six-month introductory period. $100 processing fee is waived. Fees, less a $200 credit, are applicants' responsibility; average fees range from $475 to $1,780. Property insurance and, if applicable, flood insurance are required. Your pricing may be higher based on your credit qualifications, combined loan-to-value, first real estate mortgage balance, term and whether you elect the automatic payment feature. Please ask us about our other available Home Equity Line of Credit plans. Offer available for a limited time and only on new credit lines of $10,000 or more or existing credit lines increased by a minimum of $10,000. Offer is subject to credit approval. Other terms and conditions may apply. Rates subject to change.