Special HELOC Rate from 1st Source Bank - 1st Source

What you'll get

  • Equity Based Limit: A loan amount based on home equity, not just income and credit history.
  • Low Interest Rates: Better rates than most unsecured loans or credit cards.
  • Convenient Access: Tap into your funds whenever you need them.
  • Interest Savings: Only pay interest on the amount you’ve actually used.
  • Revolving Credit: Borrow again as you repay the balance.
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How to apply

Apply online or visit your local banking center to apply.  The process is quick and easy.  If you have any questions, give us a call at (800) 513-2360

 

Map of 1st Source Bank at 10570 N Michigan Rd, Carmel, IN 46032

Find a banking center

The Annual Percentage Rate (APR) is subject to credit approval and is available for owner-occupied, 1-4 family dwellings in Indiana or Michigan with up to 80% loan-to-value. To open the plan, a minimum credit line of $5,000 is required, with a minimum draw of $250. Hazard insurance and a 1st Source Easy Banking Club Checking account are mandatory. Additional finance charges may include a $49 annual fee. The APR is variable, based on the Prime Rate as listed in the Money Rate column of the Wall Street Journal, NY-US Edition, as of March 18, 2026. The APR may adjust monthly, ranging from a minimum of 3.50% (Floor Rate) to a maximum of 18.00% (Ceiling Rate). After the 10-year draw period, a 7-year repayment period will commence, with minimum monthly payments equal to 2% of the outstanding balance or $50, whichever is greater. If these payments do not fully repay the principal, a single balloon payment may be required at the end of the term. Special offering is available for a limited time only and ends on July 15, 2026 (subject to change). Applications must be submitted by July 15, 2026.

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