Home Equity Line of Credit Special

Keep Your Plans, Add Flexibility. A Home Equity Line of Credit is more than a source of funds. It’s a strategic way to put your home’s equity to work. Whether you’re planning renovations, funding education, pursuing a business opportunity, or preparing thoughtfully for the future, a Paragon HELOC provides access designed to move with your goals. The right options don’t just expand possibilities; they strengthen your plan.

Features of Paragon Bank's twenty year HELOC product:

Up to 89.9% Loan to Value
No Annual Fees
Paragon Bank will cover closing costs up to $1,500

No pre-payment penalty as long as you keep line of credit open for three years†
No minimum balance is required

HELOC Special Rate Details

NOW

3.74% APR

Special Introductory Variable APR* for six months
(with a Paragon checking account and a direct deposit)

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LATER

6.75% APR

Variable APR** after the introductory period
Based on rates as of 12/12/2025 and can change

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Based on rates as of 12/12/2025 and can change.

This is not a commitment to lend. All loans or offers of credit are subject to credit and underwriting approval. Other eligibility requirements may apply. Programs, rates, terms and conditions are subject to change without notice. Consult a tax advisor about possible interest deductibility.
Account Terms:
This Home Equity Line of Credit offers a 10-year draw period with interest-only payments, followed by a 10-year repayment period with monthly principal and interest payments. Property insurance is required. Additional restrictions may apply.
*Introductory APR:
You will receive a promotional rate of 3.74% annual percentage rate (APR) for the first 6 months from account opening when you maintain a Paragon checking account with direct deposit. This promotional APR is a variable rate based on the Wall Street Journal Prime Rate (“Prime”) minus a discount. If no Paragon Bank checking account, the introductory rate will be 3.99% APR for 6 months and thereafter revert to the standard HELOC variable rate.
**APR After Promotional Period:
After the first 6 months, your APR will convert to the standard variable rate, based on Prime plus a margin. The margin is determined by creditworthiness, property value, property location, combined loan-to-value ratio (CLTV), and other underwriting factors. Your APR will not exceed 24% at any time during the life of the line. As of 12/12/25, the APR for new accounts is 6.75%, based on Prime plus the applicable margin. Rates, terms, and conditions are subject to change at any time.
†Fees:
If the account is closed within 36 months, an Early Closure Fee applies based on loan amount. For loan amounts up to and including $100,000, the early closure fee is $350; for loan amounts between $100,001 and $250,000, the early closure fee is $750; and for loan amounts greater than $250,000, the early closure fee is $1,500. Fees may vary by state law.