Arundel Federal Savings Bank Becomes Arundel Bank. – Read the story

Home Equity Lines of Credit

by | Apr 21, 2026

Call 410-768-7800 for current rates.

Features
  • Revolving line with check writing convenience
  • 10 year initial draw period (renewable)
  • 15 year repayment period
  • Interest-only payments during draw period
  • Access up to 90% of the available equity in your home
  • Interest may be tax deductible (consult your tax advisor)
  • No closing cost option available (excluding city/county/state imposed transfer and/or recordation taxes)
    • Borrowers must take $10,000 advance at closing
    • Prepayment Penalty
Current Rates

Call 410-768-7800 for current rates. 

Effective Date: Friday, June 5, 2026

Home Equity Line of Credit (Rate Table)
perks80%85%90%

Actions

4.99%* Interest Rate for 6 months offer

Required
Minimum
Credit
Score
660		Required
Minimum
Credit
Score
680		Required
Minimum
Credit
Score
720
Borrower Pays Closing
WSJ Prime Rate+


0.000%


0.500%


1.000%

Apply Online

No Closing Costs *
WSJ Prime Rate+


1.000%


1.500%


2.000%

Apply Online

Revolving line of credit. Interest varies monthly based on Wall Street Journal Prime rate +/- the margin shown. The maximum APR on Home Equity Lines of Credit is 18%. Minimum loan amount $10,000. Borrowers must exhibit minimum credit scores to qualify. Home Equity Lines of Credit have initial draw periods of 10 years which can be extended for another 5 years at the discretion of AFSB. The repayment period is 15 years. All loan applications are subject to credit and property approval. No fees to use, not use or close your Home Equity Line of Credit loans and No Closing Cost Loans after 36 months. State and/or local government taxes may apply at closing. Closing cost fees for loans of $50,000 range from $500-$1,900. Property insurance is required on your home. Call for rates for loan amounts above $1,000,000.

* $10,000 advance required at loan closing. Excludes any county/city-imposed transfer taxes. Borrower is responsible for all closing costs if the loan is paid off and closed in less than 36 months. Minimum loan amount is $10,000. Borrowers must meet minimum credit scores to qualify for combined LTV in excess of 80%. See program disclosure for additional details. All rates are subject to change without notice. 

+Prime Rate as published in the "Money Rates" table in the Wall Street Journal. An increase or decrease in the index will result in an increase or decrease in the APR and the Finance Charge you will pay. The Wall Street Journal Prime rate as of June 5th, 2026, was 6.75%.

SUBJECT TO CREDIT APPROVAL