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Home Equity Line of Credit

If you own your home and want the convenience of accessing extra funds without applying for a new loan each time, the JBT Home Equity Line of Credit (HELOC) is your answer. With a HELOC you can borrow up to 80% of the value of your primary residence to make home improvements, finance a vacation, manage unplanned expenses, cover medical bills, or consolidate high-interest bills.

The best thing about JBT's HELOC is the flexibility it provides. While having a line of credit allows you to borrow funds only when you need it, it typically is a variable rate. With a JBT HELOC you have the ability to convert portions of your balance into a fixed rate and fixed term. Best of all, as you make principal payments on the converted portion of any term loan, those amounts become available again on your line. Features include:

  • 35-year term with a 15 year draw period
  • Payments during the draw period are interest only.
  • Portions of the HELOC may be converted for periods of 1 to 20 years. These payment are principal and interest. A conversion fee may apply.
  • Flexibility in accessing funds - check, online banking, phone or at any JBT office.
  • Interest may be tax deductible – be sure to ask your tax advisor
  • As you pay off the balance, funds are available to use again and again without having to apply for new loans each time
  • Apply now at the JBT Digital Lending Center!

Our goal is to provide the highest level of service at competitive rates. You can apply online or connect with a JBT Loan Officer:

This product is a variable rate, open-end loan secured by your primary residence.