Home Equity Line of Credit

Give us a call today to see how much you can borrow!

State Bank Group LogoWith our Special 40th Anniversary Home Equity Line of Credit (HELOC), borrow against as much as 80% of your home's value to fund home improvement projects, consolidate debt, pay for college, etc.

For a limited time, we are offering rates as low as PRIME less 1.00%*
Including. . .

  • No Annual Fee
  • No Appraisal Costs, Application or Closing Fees
  • Pay Interest Only on what You Use
  • Flexibility to Use as Needed
  • Local Decisions & Quick Turnaround

    Mike McCauleyMike McCauley, Loan Officer
    NMLS #655246
    815-943-8604
    Jim KingJim King, Loan Officer
    NMLS #418491
    815-728-8619

*Rate is effective October 19, 2019 and subject to change. Variable rate is tied to Prime Rate as stated in the Wall Street Journal, plus a margin that varies based on credit worthiness of borrower(s) at time of application along with combined Loan to Value (LTV) and other criteria. To receive a .50% rate discount you must authorize The State Bank Group (TSBG) to withdraw your HELOC payment each month from a TSBG checking account. The advertised rate of 4.00% includes this discount and is based on 65% LTV. Maximum Annual Percentage Rate (APR) is 18.00%. Minimum loan amount is $10,000. Maximum combined LTV is 80%. TSBG HELOCs are subject to credit qualification, income verification, and collateral evaluation. If the line of credit is closed within the first 36 months, fees will apply. Homeowners insurance required. Flood insurance required, if applicable. Additional restrictions, limitations, and exclusions may apply. This offer is available for a limited time.