Limited-Time HELOC Special
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Unlock Your Home's Value While Locking in a Great Rate
Are you thinking of a spring or summer remodel or renovation project? OR do you have any large purchases or expenses on the horizon? Consider a HELOC from Reliance State Bank! With a limited time offer through June 30th, the documentation fee is waived! Now is the perfect time to start your projects or make those purchases.
Our HELOC offers a convenient 5-year draw period, with low closing costs and no prepayment penalty. Simply apply and continue to borrow throughout the 5 years, as needed. You can advance your HELOC at any time, through online/mobile banking transfers, automatic overdraft balance transfers, or by calling or stopping in the bank. It's that easy!
HELOC Features
- Variable-rate financing.
- Access funds when you need them
- Revolving line of credit - allows you to borrow and pay down, then borrow again as needed.
- Monthly repayment amount based on outstanding balance
- Credit available up to 90% of your combined loan to value.
- Interest may be tax deductible (Consult your tax advisor)
- Funds may be advanced through online/mobile banking transfers, phone transfers, or in person.
- Automatic Overdraft Balance Transfer is available
- Homeowner's insurance is required
Use Your HELOC for:
- Home Improvements
- Landscaping
- Remodeling
- Education Expenses
- Emergencies
- Vehicle Purchases
- And More!
Apply Today!
Use our easy online application, or call or visit us at one of our convenient locations!
Apply Online
Contact A Local Lender
Denise
Fosse
Story City
515-733-3135
Email Denise
NMLS#744780
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Nathan
Dykstra
Garner
641-923-4305
Email Nathan
NMLS#1113589
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Damon
Quandt
Garner
641-923-4302
Email Damon
NMLS#1438196
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Justin
Reding
Garner
641-923-4121
Email Justin
NMLS#2175870
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*Documentation fee of $85.00 is waived on new home equity lines of credit, if opened by June 30, 2025. Additional Closing costs apply of approximately $400 plus appraisal fee, if required. Subject to loan approval. Variable rate, 60-month term, maximum loan-to-value 80% (credit score 620-700), or 90% (credit score above 701). Current plan rate of 7.75% Annual Percentage Rate (APR), based upon the Prime Rate as the index as published in the Wall Street Journal plus a margin, as of April 15, 2025, and is subject to change without notice. Maximum APR of 16%. Promotion excludes home purchase loans, refinances of home loans, and loans for business purposes. Applies to owner-occupied residential real estate only. Property insurance required. Consult a tax advisor regarding potential deductibility of interest. No application, annual, or non-use fees associated with this product. No prepayment penalty.
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