Think big and build for the future with two ways to take advantage of a Home Equity Line of Credit (HELOC) from Umpqua Private Bank

 

 

  • Receive a low introductory rate of 1.99% APR for 12 months.
    The rate becomes variable after your first 12 months.

  • Get a SmartLock introductory rate of 1.99% APR for for 12 months.
    Only 3.25% APR thereafter for up to 9 years.

A home equity line of credit with Umpqua can mean much more than just home renovations. It’s the power to choose–offering the opportunity for greater financial freedom, confidence, and flexibility by getting the most from your home.

Choose the approach that fits your needs

While a HELOC is a great option, taking advantage of your SmartLock feature may offer additional benefits.

HELOC

  • Variable interest rate: Introductory rate of 1.99% APR for 12 months, then an attractive variable rate thereafter

  • Interest-only monthly payment

  • Low rate options

  • Choice on how you want to use your loan: You choose how much and for how long you want to borrow.

  • Closing Fees:
    Loans under $500,000: Umpqua Private Bank pays your standard closing costs; no early loan closure fees apply.
    Loans over $500,000: Umpqua Private Bank pays your loan origination costs; there is a $1500 early loan closure fee if the loan is closed within three years of the loan opening date. But the early closing fee will be waived if you choose to pay the third-party fees

SmartLock Feature

  • Fixed interest rate: You know exactly how much you’ll pay each month. Get 1.99% APR for 12 months, and only 3.25% APR thereafter for up to 9 years

  • Fixed monthly payments of principal & interest

  • Low rate options. Lock in all or a portion of your new draw balances

  • Choice on how you want to use your loan: You choose how much and for how long you want to borrow.

  • SmartLock Feature Fee. SmartLock fee is waived during the promotion period.



     

Open a HELOC today

Whether you want to remodel your house to sell, or make improvements you’ll enjoy for years to come, a HELOC can be a smart choice for financing. Here are six ideas to improve your home and maximize the value of your home equity line of credit.