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HELOC Slider April 2020


HOME Equity Line of Credit

1.99% APR for the first 6 months.

Variable APR thereafter will range from Wall Street Journal Prime (WSJP), which is currently 3.25%, to WSJP + 2.00*%, subject to a minimum APR of 4.25%.

Advertised APR effective as of June 1, 2020 and subject to change without notice.

Minimum line amount of $10,000 and maximum amount of $250,000.

Intro Rate available for NEW HELOC lines only.


*5-year term.  APRs apply to Home Equity Lines of Credit, not loans.  Home equity lines of credit are subject to satisfactory appraisal, title, and proof of ownership of subject property.  Property insurance required.  Normal credit qualifications apply.  Introductory APR (Annual Percentage Rate) for six month period with a variable APR thereafter which will range from Wall Street Journal Prime (WSJP) to WSJP + 2.00%.  As of June 1, 2020, the WSJP was 3.25%.  After introductory period, APR will never be less than 4.25% (our standard HELOC minimum), or more than 21.00%, depending on credit score; and a discount of .25% from APR is available for payment made via auto debit from a deposit account at Progressive Bank. 

Offer is available for NEW credit lines only.  Offer valid for owner-occupied, single-family residences only.  Minimum line amount is $10,000.


Progressive Bank is an Equal Housing Lender. 


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