*After the 6-month introductory period, the APR (annual percentage rate) will be based upon an index plus a margin. The index is the Prime Rate published by the Wall Street Journal which, as of 7/27/2023 Prime was 8.50%. The margin will be based on your credit score. APR is variable and subject to change monthly but will not exceed 18% or be less than 3.99%. The minimum loan amount is $10,000. Loans are subject to credit approval and program guidelines. Property securing the loan must be an owner-occupied principal residence. This offer applies to new Lake Ridge Bank Home Equity Lines of Credit (HELOC) with applications received between 9/01/2024 and 12/31/2024. To qualify as new, applicant may not have an existing or a prior Lake Ridge Bank   HELOC within the last 12 months. HELOC requests for credit limits exceeding $400,000 do not qualify for the introductory rate. When refinancing an existing Lake Ridge Bank HELOC, your credit limit must be increased by $25,000 or greater to receive the introductory rate. Special offering is only available with the set-up of automatic recurring monthly payments from a Lake Ridge Bank checking account. Closing costs may include title insurance ranging from $150-$500 and appraisal costs ranging from $495-$550, if required. All other standard third-party costs are waived. Property insurance is required. If the collateral is determined to be in an area having special flood hazards, flood insurance will be required. Interest rates and program terms are subject to change without notice.