• Ultra Flex Home Equity® Line of Credit 

    Put your plans into motion now—home improvements, debt consolidation, or just living life—the choice is yours

    Find out if a Home Equity Line of Credit is right for you

    Whether you need funds to help you along life’s journey (a wedding or new family addition), consolidate debt, or prepare for the unexpected (home repairs), our Ultra Flex Home Equity® Line of Credit (HELOC) provides the flexibility to borrow in increments that match your needs. 

    A HELOC may be right for you if you:

    • Own your home
    • Need flexibility in borrowing or a safety net for future use
    • Have available equity in your home

    Choose your Home Equity Line of Credit options

    Our Ultra Flex Home Equity® Line of Credit lets you lock in up to three fixed-rate term loans within the line of credit at any one time. So if you have a specific project or expense that you would like to pay for with a fixed-rate loan, you have that option.

    Discover the benefits of a Home Equity Line of Credit

    Benefits you’ll enjoy include:

    • Easily access funds from the line of credit in a variety of ways, including First Niagara Branch and Call Centers, Online Banking, and convenience checks
    • Interest only option available

    • Competitive rates

    • No application fees*

    • No closing costs if the line of credit is kept open for three years (some exceptions apply)*

    • Interest paid may be tax-deductible (Consult a tax advisor regarding the deductibility of interest.)

    • Automatic payment and Pinnacle relationship discounts

    Understand Home Equity Line of Credit terms and conditions

    We want to help you better understand your Home Equity Line of Credit account. Here is some important information about qualifications and fees:

    What do I need to qualify for a HELOC?

    You must:

    • Hold the title of the residence
    • Have proof that taxes are current upon closing
    • Carry insurance on the property that secures the line of credit
    • Have a source of income that is sufficient to satisfy the minimum payment requirements
    • Not exceed the loan to value (LTV) ratio for your property. LTV varies based on property type, appraised value and additional information we obtain (generally 85% for owner-occupied homes, 80% for second/vacation homes)
    • Satisfy credit approval and collateral criteria
    What fees are associated with a HELOC*?
    • There are no application fees or closing costs, unless the line of credit is closed within three years of opening. If the loan is closed within three years, you must reimburse certain fees. 
    • A yearly fee may apply, depending on your outstanding balance.  An annual fee of $50 will be assessed if the total of all outstanding variable rate advances and fixed-rate loan outstanding principal is less than 25% of the initial credit limit.
    • A $50 lock-in fee applies for all fixed-rate loans made post closing.

    Rates, terms and conditions are subject to change at any time without notice. Other terms and conditions apply. Please contact your local branch for more details and full loan disclosure information.

  • The Bank will consider consumer loan requests from all applicants with United States citizenship who either reside or work in the Bank's designated lending area, subject to credit and collateral approval.

    *If you close the line of credit within three years of opening, you must reimburse us for certain fees we pay to third parties in connection with opening the line of credit. For lines of credit between $10,000 and $250,000, these fees are generally between $316.50 and $616.50 in Connecticut, $408.50 and $708.50 in Massachusetts, $401.50 and $3,273.50 in New York, and $297.50 and $755.50 in Pennsylvania. Depending on the unique nature of your property or application, other costs, such as hazard, flood, or title insurance may be required. In addition, if the collateral property is held in trust, a $300 fee will be charged for a review by outside counsel. Consult your loan officer for more detail.

    The corresponding APR for future variable rate advances within the Ultra Flex Home Equity® Line of Credit line may vary from one billing cycle to the next based on changes to the Prime Rate but will not exceed 15.9% or fall below 2.99%. Effective Wednesday, May 25, 2016, current variable rates are Prime Rate plus 0.49% for lines above $25,000 in Pennsylvania, Connecticut and Massachusetts and Prime plus 0.74% for lines above $25,000 in New York. The Prime Rate for any billing cycle will be the highest Prime Rate published by The Wall Street Journal in its 'monthly rate' table for our last business day of the month before the month in which the billing cycle begins. Rate Details

    Finance charges will begin to be earned on any outstanding variable rate advance on the day it is posted to the variable rate portion of your account. Beginning one year following the date on which you sign your line of credit agreement, and every year thereafter during the Draw Period, you must pay us an annual fee of $50 if on such date the Unpaid Principal on the Account is less than 25% of the Credit Limit. You must carry hazard (and flood, if applicable) insurance on the property that secures the line of credit. A fee of $50 applies for each fixed rate option advanced post-closing.

  • Email us for more information
    or call us at 1-866-892-2961
  • Why should I use a HELOC instead of a Credit Card? 

    Because your home is often your most valuable asset and can serve as collateral to secure the line of credit, the interest rate on a HELOC is generally much lower than a credit card. There is also a potential tax deduction related to borrowing against your home that isn't available with a credit card. Consult a tax advisor regarding the deductibility of interest.

  • Check out today’s rates.
    Find out how much you may be able to access right now.

Customize Your Experience.

By providing your ZIP code, we can customize our content to display the rates, products, locations and Mortgage Consultants in your area. Alternately, you can continue without ZIP code.