Alliance Bank continues to offer the popular Home Equity Line of Credit (HELOC). An Alliance Bank HELOC can be a valuable financial tool that can provide you with additional flexibility and control of your finances by giving you access to cash based on the equity in your home, and with interest only payments during the first 15 years, you control the principal.
General Parameters:
- Revolving line of credit with 15 years of interest-only payments followed by a 15 year repayment period.
- Approval generally available within 2 business days after receipt of full application which would include: Application, Income and Asset verification.
- Adjustments to rate will be based on individual credit factors.
- An additional rate reduction is available for automatic payments from Alliance Bank accounts.
- Subject to receipt and satisfactory review of title work and appraisal.
- Properties valued above $1,000,000 may require increased equity.
- All rates based on owner occupied properties. Loans on investment properties also available.
- Our business market consists of Northern Virginia, Washington D.C. and Maryland counties contiguous with Washington D.C.
For more information or to request an application, send us an e-mail or call us at 703.814.7200
