Home Equity Line of Credit

We believe it’s our job to be the kind of bank that fits into your busy life, not the other way around. We understand the financial solutions you need to manage your money should be flexible, smart and convenient. Our home equity line of credit offers you just that, and more.

And, with no closing costs and interest rates as low as 3.99% APR*, there’s no better time to apply for an Associated Bank Home Equity Line of Credit.

Start your application today:

Call 866-469-3496
Visit a Branch

*Please see below for important disclosures.

Financial flexibility that fits you

Borrow as little or as much as you need, up to your credit limit. And, it’s there whenever you’re ready to use it for things like:

  • Home improvements, renovations or repairs
  • Consolidating higher-interest rate loans to become debt-free sooner
  • Long-term investments, like your child’s education
  • Purchase a new or used vehicle
  • Emergency or medical expenses

Smart benefits for your pocketbook

Here’s a few reasons why applying for our home equity line of credit benefits you:

  • Potential tax deductibility and savings†
  • Continuous access to your available credit line, which can regenerate its borrowing power as you pay down principal
  • Locked fixed-rate option, a convenient way to convert all or portions of your variable-rate balances for predictable, monthly payments

Convenient, with no surprises
It’s easy to get started. Call our home equity lending specialists at 866-469-3496 or visit a branch location near you today to start your application.

And, even if you already have a home equity line of credit or loan elsewhere, our knowledgeable lenders can review your overall borrowing strategy. We can help you make sure it’s a good fit for your home financing needs.

Home Equity Line of Credit Resources
Here’s some straightforward, useful information that can help you make the best decisions for your short- and long-term borrowing strategies.


No closing costs offer
Limited time offer and is subject to change, contact your local office for details.

The “no closing costs” offer applies to the minimum appraisal requirements of our appraisal policy. If you request a more extensive appraisal or additional appraisal work, the fees will not be paid by Associated Bank. In addition, the offer excludes satisfaction or subordination fees if charged by your previous lender. If a change in the title of the collateral property occurs at closing, closing agent and title insurance fees may apply. An annual fee of $50.00 applies to all lines and will be assessed on the annual anniversary of the account. Current Associated Bank home equity line of credit customers requesting this offer may be subject to an early termination fee (if applicable).

The Annual Percentage Rate (APR) for qualified applicants is variable at a lowest rate of 3.99%, subject to credit approval. The quoted variable APR of 3.99% assumes that:

  • You are obtaining a new home equity line of credit
  • The lien on the collateral property will be in a 1st or 2nd lien position
  • The home equity line amount and any other liens on the property do not exceed 80.00% of the property value
  • The collateral property is a single family owner occupied primary residence
  • You will maintain a qualified Associated Bank checking account (excludes Student Checking) during the term of the line of credit. If you choose not to maintain the Associated Bank checking account, your APR will be 0.50% higher.

Other APRs are available for lines that exceed 80.00% loan-to-value ratio, up to a maximum loan-to-value ratio of 90.00%.

How your rate is determined
The Prime Rate that is used to determine the APR is the Prime Rate published in the Midwest Edition of the Wall Street Journal on the second Tuesday of the month preceding the month the billing cycle begins. As of 05/13/2014, the Prime Rate was 3.25%. Based on the current Prime Rate of 3.25% with a floor rate of 3.99%, a fully indexed APR is 3.99%.

For example, on a draw of $10,000 from the line at the time of closing, the minimum monthly payment would be $33.89 per month based on an APR of 3.99%, which may vary according to the current index and margin. Interest-only payments may be available for 10 years or until the line is closed, whichever occurs first.

The APR for qualified applicants is variable and consists of the Prime Rate and a margin of +0.74% for the life of the loan with a floor rate APR of 3.99%. If you do not qualify for the Prime plus 0.74% for the life of the loan margin, your APR may range up to Prime plus a margin of 6.25% and it will be determined by the occupancy status of the property, combined loan-to-value ratio, and your creditworthiness.

Any APR rate changes on your billing statement will be determined by adding a margin as disclosed above. See your billing statement for actual APR rate changes and effective dates. The APR will not exceed 18.00% or be less than 3.99%.

Fees for utilizing our lock-in feature
There is a $100.00 fee to lock-in a fixed rate on all or part of your outstanding balances. This fee is waived when:

  • A lock is exercised in conjunction with the loan closing and when funds become available.
  • Your authorized lock-in amount is $10,000 or more.

Other requirements
This offer is only available on properties located in Wisconsin, Minnesota or Illinois and is subject to credit approval and property evaluation. Property insurance and flood insurance, if applicable, will be required on all collateral and are payable by the borrower. Proceeds from this line of credit may not be used to pay off an existing Associated Bank Home Equity Line of Credit. Offer subject to change. Consult your banking office representative for current rate and conditions.

†Consult your tax advisor concerning tax deductibility.

Equal Housing Lender. Associated Bank, N.A. is a Member FDIC and Associated Banc-Corp. (3/14) 5297

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