Per Equity

Home Equity Loans & Lines

Whether you want to create your dream kitchen, or pay off debts, the equity you have built in your home can provide you with possible tax-saving financing solutions.

Home Equity Line¹

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If flexibility is your priority, then a credit line is your best option. With a Home Equity Line, you have fast and easy access to the cash you need at a rate you can afford.

Ongoing accessibility: Access available funds now and in the future to pay for home improvements, education expenses, and other recurring needs without reapplying.

Flexibility: Adapt to changing interest rates without refinancing by setting aside a portion of your balance and repaying it like an installment loan with fixed-rate predictable monthly payments.

Potential tax benefits: Unlike personal loans or credit cards, the interest on your home equity line may be fully tax deductible. Consult your tax advisor for details.

  • Little to no closing costs for lines of $250,000 or less*
  • Borrow up to 90% loan-to-value
  • Convenient access in person or by check
  • Link to your Hancock personal checking account for overdraft protection


Fixed Rate Home Equity Loan²

The perfect solution for a purchase you've been planning or to consolidate high-interest debt. Lock in a low rate and get a fixed, predictable payment.

  • Little to no closing costs for loans of $250,000 or less*
  • Borrow up to 90% loan-to-value
  • Fixed-rate terms and equal payments
  • Interest may be fully tax deductible. Consult your tax advisor.


Normal credit qualifications apply. Information is subject to change without notice.

*Home Equity Lines and Loans require a mortgage on an owner-occupied 1-4 family dwelling with a minimum lendable equity of $10,000 and a maximum loan-to-value of 90%. Property insurance is required. Rescission rights may temporarily restrict availability of funds. Subject to credit approval; other terms and conditions apply. Information subject to change without notice.

*The bank will pay most closing costs on loans of $250,000 or less and up to $500 in closing costs for lines over $250,000. Closing costs typically range between $261 and $2,150. Waived closing costs exclude: AL-Mortgage Recording Tax; FL-Documentation Stamp Tax and Intangible Tax. If you voluntarily cancel your line of credit within 12 months of opening, you will reimburse to us the nonaffiliated third-party closing costs that we have paid up to 2% of your credit limit. If you voluntarily repay your loan in full within one year from the date you make the loan, you will be required to reimburse to us any reasonable third-party costs that were waived at consummation and paid by us on your behalf. However, in Mississippi, in no event will the amount of closing costs that you repay to us exceed 5% of the unpaid principal balance of the loan at the time of prepayment in full.

¹ The Home Equity Line of Credit annual percentage rate (APR) is based on The Wall Street Journal Prime Rate (the “Index”) plus a margin that could range from 0%-2.35%. Based on the 8/17/15 Index value of 3.25% and a typical margin of 0.15%, the formula that will be used for subsequent monthly rate adjustments would result in a current APR of 3.40%. However, due to the floor rate, the APR will never be less than 3.99%. The APR will vary but will never exceed 21% in AL/MS or 18% in FL. As of 8/17/15, typical APRs range from 3.99% to 5.50%. Repayment options and margins vary based on your creditworthiness, loan-to-value percentages, whether the mortgage securing your line is a first or second mortgage, and other factors. See a banker for details.

² The Home Equity Loan offers a fixed rate for up to 15 years. APRs vary and currently range from 4.99 to 8.24%. For example, a typical loan of $50,000 at a 5.49% APR for 15 years would result in a monthly payment of $410. Your APR may differ based on your term and creditworthiness. See a banker for details.