The Piedmont Home Equity Line of Credit

Need money for a new car? Want to make this year’s vacation the talk of the family? Need a little extra cash to help with college tuition or expenses? Or just want to consolidate debt? If so, then the Piedmont Home Equity Line of Credit could be right for you.

Once you’ve built up equity in your home, a home equity line of credit can be used to provide extra money whenever you decide you need it.

Mortgages traditionally have the lowest interest rates, but there are times when the prime interest rate is lower than the average mortgage rate. This can be a good time to consider a home equity line of credit.

Home Equity Line Features

Available to existing Piedmont Federal loan customers or to homeowners who currently do not have a first mortgage on their residence, as long as the total balance of your first mortgage and the equity line does not exceed 80% of your home’s value.

The ability to open an equity line is subject to loan approval and a current appraisal.

Piedmont Federal will refund up to $400 of the appraisal fee and absorb up to $150 of the attorney fee.

The loan rate is the Prime Rate as published in the Wall Street Journal and will vary, but will be no less than 3% or greater than 16%.

The interest you pay on your equity line may be tax deductible. (Consult a tax advisor regarding the deductibility of interest.)

With our home equity line, you’ll have the ability to access funds, up to the amount of your credit limit, by simply writing a check or transferring funds to your Piedmont Federal checking account through online banking. No office visits, no waiting – use the money you need, when you need it, and pay it back on a monthly basis.

The minimum draw amount is $300.

You can also use the Piedmont Home Equity Line of Credit as overdraft protection for your Piedmont Federal checking account.


We don’t sell our loans, which means your mortgage won’t bounce around between banks all over the country and you’ll always know who to talk to with questions. We keep your mortgage close to home where it’s not only secure, but stays here in the community. More reasons »


It’s as easy as 1-2-3.

Apply for a loan with Piedmont Federal in as little as 20 minutes using your smartphone, tablet or computer.

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