Home Equity Line Of Credit

HELOC Fixed Rate Locks


When you open a variable-rate Home Equity Line of Credit, you can lock in a portion of that line at a fixed interested rate for a specified term to take advantage of lower rates that won’t fluctuate. And you can set up additional Fixed Rate Locks as the need arises, up to the amount available on your Home Equity Line of Credit.

For example, you may have a $25,000 Home Equity Line of Credit. You can fix a portion of that amount, say $10,000 at a lower fixed rate for a five to 20 year term. The remaining $15,000 is still available to you at the variable rate, or to lock in at a fixed rate. You can have up to three Rate Locks in place at a time, with a minimum of $5,000 per Rate Lock.

Fill out the form below, drop in to a branch or contact our One Call Center at (888) 522-2265 for more information.

  • Lake City Bank opens accounts in our market area only, which includes Northern and Central Indiana. However, Lake City Bank reserves the right to make exceptions to this policy based on the individual situation.
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Use the options below to start or edit an existing Home Equity Line of Credit application.

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*The five year Fixed Rate Lock requires a Lake City Bank Home Equity line of credit, credit approval and an 85% or less loan-to-value ratio (90% loan-to-value if first mortgage is with Lake City Bank). Rates available for Fixed Rate Locks are subject to change. Higher APR applies without an automatic payment deduction from a Lake City Bank checking or savings account. Minimum loan amount is $5,000 with a cumulative maximum of $200,000. A maximum of three Fixed Rate Locks can be active at any given time. You must carry insurance on the property that secures your Home Equity line of credit. Contact Lake City Bank for current rate and other term options. Institution ID# 431669.

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