Unlock the potential of your property or home with our flexible Home Equity Loans and Lines of Credit (HELOC) options, including our new fully-amortized fixed rate home equity loan. Whether it's your primary residence, a second home, or an investment property, our revolving line of credit and fixed rate loan options are designed to empower you with financial freedom and flexibility.
Use the equity in your home to fund a diverse range of personal needs, from transformative home renovations such as a kitchen remodel, expanding your property with an additional dwelling unit, or replacing your roof.
With a Home Equity Loan or Line of Credit with American Riviera Bank®, you’re borrowing against the available equity in your home up to a maximum loan-to-value that is based on the amount of your credit line or available loan balance*.
The interest rate on HELOCs is based on Wall Street Journal Prime (“Prime”), and you’ll receive monthly statements showing you your available balance and monthly payment owed. Interest may be tax deductible, so consult with your tax advisor for additional details. Fees also apply. Speak with your American Riviera Bank loan officer for information on costs associated with the HELOC.
Each time you pay down the balance on your HELOC you’ll have direct access to your available credit through online banking or by using special checks at any time during the draw period. At the end of the draw period, the remaining balance will be fully amortized in equal installments. You can also consider rolling the balance into a new mortgage with American Riviera Bank®, subject to credit approval.
Not interested in a variable rate line of credit? A Home Equity Loan is a one-time installment loan that lets you use the equity in your home as collateral. Home Equity Loans offer several benefits, including a fixed interest rate that may be lower than other types of personal loans, and a regular monthly payment that gives you a predictable repayment schedule for the life of the loan.
Start your application online today or reach out to one of our experts below - we are happy to walk you through the process!
*Subject to credit application and approval.
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American Riviera Bank knows and cares about our customers.
Vice President, Residential Lending Officer
Send
E-mail
805 730 4985
NMLSR: #809030
Location: Santa Barbara
Assistant Vice President, Residential Lending Officer
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E-mail
805 335 8128
NMLSR: 1775242
Location: Santa Maria
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American Riviera Bank knows and cares about our customers.
