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

  • Receive an attractive introductory rate of 2.49% APR for 12 months.
    The rate becomes variable thereafter.

  • Get a SmartLock introductory rate of only 2.49% APR for the first 12 months. 
    3.50% 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 fantastic option, taking advantage of the optional SmartLock feature may offer additional benefits.

HELOC

  • Fixed introductory rate; variable 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.

  • An annual fee of $75 applies and an early closing fee of $500 may apply if you close your HELOC within three years of the loan opening date.

SmartLock Feature

  • Fixed interest rate: You know exactly how much you’ll pay each month. 

  • 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.

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.

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