Home Equity Lines of Credit

24-Month Introductory Period


APR* Fixed Rate
After Introductory Period


APR* Variable Rate


You've worked hard to establish equity; make it work just as hard for you with our home equity options. We offer home equity lines of credit to help you finance a wide range of other personal needs, affordably.

Whether for one-time installments or for ongoing needs, rest assured our financing includes competitively low rates and terms that always keep your unique situation in mind. Plus, we process everything right here in the Finger Lakes region. Forget the red tape and hoops to jump through — we provide streamlined solutions for our customers.

Benefits of Opening a HELOC Account:

  • Competitively low rates for a wide range of ongoing expenses:*
    • Home improvements
    • Education and medical expenses
    • Important life events
    • Small business expenses
    • Vacation expenses
    • Bill consolidation
    • And more!
  • Utilize the equity in your home as collateral backing
  • Personalized repayment terms, consistent with your unique situation
  • Access funds anytime without reapplying for another installation
  • Funds available via a line of credit check or advances made in-person or by phone
  • Receive a monthly statement of all transactions (if your line has a balance)
  • Only pay interest on the part that's used
  • The interest paid might be tax deductible**
  • Local decision-making and processing
  • Focused, customized attention from start to finish

To get started please submit your information in the form and a Bank of the Finger Lakes representative which reach out shortly to discuss your options and next steps. Representatives also available via phone at (315) 789-1500.



*Subject to credit approval
**Consult a tax advisor

APR (Annual Percentage Rate). Rate is accurate as of March 16, 2020. The special offer applies to lines of $20,000 or more. Initial rate is fixed at 2.40% for 24 months. After 24 months, the variable rate can be as low as Prime minus .50% with a floor of 2.00% for the remainder of the loan. The maximum (ceiling) APR is 21.00%. The rate will be based on the Prime Rate as published in the Wall Street Journal. Loan to Value (LTV) of 80% or below. Offer requires automatic monthly payment transfer from USNY Bank retail checking or savings account. APR and the Initial Introductory Fixed Rate will increase by 1.00% if the auto pay feature is not selected prior to closing or is cancelled any time after the loan is in effect. This is only available to new Home Equity Line of Credit (HELOC) customers. The HELOC is for personal use when secured by a single family, owner occupied or secondary residence dwelling. Property insurance, including flood insurance if applicable, is required. The Bank pays for third party closing costs on this HELOC including credit report fees, flood determination fees and recording fees. If the line is closed and discharged for any reason within the first 36 months, you will reimburse USNY Bank for all of the third-party closing costs paid on your behalf at closing, generally ranging from $819 to $1,069 for a $50,000 line or loan. NYS mortgage tax required. Consult your tax advisor regarding interest deductibility. Must be 18 years of age or older to apply. Offer is subject to credit and property approval and may be modified or discontinued at any time. Other restrictions and limitations may apply. Offer expires May 29, 2020.