Home Equity Line of Credit

As a homeowner, you can now gain access to the equity in your home through Blue Ridge Bank's Easy Access Line of Credit. Whether you want to buy a car, take a vacation, remodel a room or consolidate high interest credit cards, the Easy Access Line of Credit can help meet your needs, and it's easy.


Once your loan is established, you just write a check. You will only be charged interest on the money you use and still have the remaining funds available for future needs.

  • No annual fees
  • No prepayment penalty or termination fee
  • $5,000 minimum credit line to open plan
  • Quick and simple approvals
  • No closing costs
  • Easy access - just write a check!
  • Interest paid may even be tax deductible

With our LEVEL 1 Line of Credit, you can borrow up to 80% of the value of your home at a variable rate of PRIME - 1/2% (Prime currently 3.25%  Floor Rate is 5.00%). View and download the full disclosure and application by clicking Level 1 Application.



The annual percentage rate will be based on a range from 5.00% APR (Floor Rate) (as defined in the Wall Street Journal, Midwest Edition, as of December 17, 2008) to Prime. The APR may change monthly, but will not exceed 24.00% APR (Ceiling Rate).


$5,000 minimum credit line to open plan. Property insurance required. Other finance charges may include (points) $125 at modification of existing plan. Minimum monthly payments will be equal to the accrued finance charges or $100, whichever is greater. At maturity, you will be required to pay the balance in a single "balloon" payment. Consult your tax advisor for deductibility.



Lock a Portion of Your Line
You can choose to lock a portion of your line of credit. Set up payments and pay off debt while continuing to have the flexibility of your equity line for future purchases.



For more information contact our Customer Service Center at (816) 795-9933 or email call.center@blueridgebank.net.