Home Equity Line of Credit

Extra money that makes almost anything possible

Make purchases, pay for projects or cover expenses with a low-cost line of credit

Funds at your fingertips
Tap into your credit line as often as you wish for pretty much any purpose.
Always available
Borrow money in moments with checks, Online and Mobile Banking and at Carter Bank branches.
Budget-friendly payments
Make interest payments only on portion of the credit line that's actually in use.
Debt consolidation
Pay off higher-interest loans and credit card balances to save money with our lower rate.

All that hard work as a homeowner is about to pay off

You've paid down the mortgage, kept up with repairs and made some improvements. Now your home's market value is a good bit higher than what you owe on your loan. That means you have equity. And you can use it as collateral to obtain a low-cost line of credit that you can use to add a few rooms, buy new furnishings, cover college costs, consolidate debt or cross off anything else on your to-do list. 

  • Borrow from your credit line with the flexibility to repay what you owe
  • Carter Bank pays all closing costs on lines of credit below $250,000*
  • Rate discounts available if you schedule automatic payments from Carter Bank accounts
  • Interest on your home equity account may be 100% tax-deductible**


For contact information, including phone numbers, email addresses, and online inquiries, please visit our "Contact Us" page. You can also call us at (833.275.2228), or visit us at one of our locations. To find a location click here.

Checking your way

Get checking account options, all with convenient digital tools.

*In the event that the Home Equity Line of Credit is closed within 36 months of origination. Borrower will be required to reimburse lender for any closing costs paid by lender. 

Property and Hazard insurance may still be required.

**Consult your tax advisor about the deductibility of interest.

All loans are subject to credit approval.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.