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5.95% rate/APR* on a Home Equity Line of Credit
Introductory rate for 12 months from the closing date, then as low as *Prime + 0.75% thereafter.

*APR = Annual Percentage Rate. This Home Equity Line of Credit has a variable rate with a floor of 5.00% and a ceiling of 18.00% APR. Floor is subject to change based on such factors as credit score.   As of March 25, 2024, Prime Rate is 8.50%.  Your APR will change after 12 months from the closing date to anywhere between Prime + 0.75% and Prime + 1.25% and whenever the Prime Rate changes thereafter. Prime Rate is the advertised rate in the “Money Rates” table in the Wall Street Journal. The Prime Rate is 8.50% + 1.25%; the APR would be 9.75%. The APR range is determined by credit scores. Available to qualified borrowers. Offer subject to change at any time. The yearly maintenance fee of $50 is waived for the first year. The estimated closing costs are as low as $250 plus fees for property evaluation if needed. Fees are due at time of closing. Limited to 80% maximum loan-to-value ratio. Homeowners Insurance is required. New home equity lines of credit only.  FVSBank is limited to making home equity loans in Wisconsin.


You worked hard to build equity in your home–now, let your home equity work for you. A home equity line of credit is an affordable way to finance a home improvement project or other big expenses such as college tuition, wedding, dream vacation, and more. For more information on our home equity line of credit options, please contact one of our home loan specialists to learn more. You can also start the application process online.

What is equity in your home?

Equity refers to the difference between your home’s market value and your current mortgage balance. Homeowners build equity by making mortgage payments, improving and repairing aspects of the home, and living in a real estate market where prices are rising. Once you’ve built enough equity in your home, you can borrow against it at a low interest rate. Homeowners use home equity loans for a variety of things such as debt consolidation, home renovations, and more.

What is a Home Equity Line of Credit (HELOC)?

A HELOC is a revolving credit line, similar to a credit card. Instead of receiving a lump sum after opening a HELOC, you have a credit limit that you can borrow from when needed. There are two phases to a HELOC:

When your HELOC is active, you can draw funds from the account when you need to. You can make payments or pay more toward the principal. Draw funds, pay back what you borrowed, and use the HELOC again.

Which type of Home Equity Loan is right for me?

The choice between a second mortgage (Home Equity Loan) and a HELOC will depend on your specific situation and goals. For example:

A home equity loan is usually a better option than a home equity line of credit (HELOC) if:

  • You know the exact amount that you need for a fixed expense.
  • You’re financing a one-time expense (wedding, kitchen renovation, etc.).
  • You want to consolidate higher interest debt.
  • You live on a fixed income and need a set monthly payment that doesn’t fluctuate.

A HELOC is usually a better option than a home equity loan if:

  • You need a revolving credit line to borrow from and pay down variable expenses, such as multiple smaller home improvement projects.
  • You want a credit line available for future emergencies but don’t need cash now.
  • Situations where you need access to funds at different or unpredictable times.

Apply for a Home Equity Line of Credit (HELOC) in Wisconsin!

Not sure why type of home equity financing is right for you? Contact one of our home loan specialists to learn more. FVS Bank is conveniently located in the Fox Valley region of Wisconsin in Fond du Lac, Oshkosh, and Waupun. We offer repayment terms customized to fit your budget, friendly service from start to finish, and local decision-making and process. Ready to get started? Apply online today!