• The Annual Percentage Rate (APR) for our Home Equity Line of Credit may vary and is indexed to the Prime Rate as published daily in the "Money Rates" section of the Wall Street Journal (currently 3.25% variable APR as of December 17, 2008.)
• The variable rate may be as low as Prime + .50% (3.75%), however, our lines have a floor APR of 4.25%.
• No Application Fee, No Closing Costs*, No Annual Fee, No mandatory draw, Minimum Line amount of $20,000.
• Home Equity Lines of Credit have 60-month draw periods, followed by a 180 month repayment period.
• To qualify for the lowest rate, customers must take out a line of credit at the minimum amount of $20,000, have a good credit history, and meet loan to value conditions.
• Loan amount cannot exceed an 85% loan to appraised value ratio.
• Payments must be drafted from a Community Bank Delaware account
• Certain other limitations apply.
• Loans are subject to credit approval.
• Rates are variable and subject to change daily. Maximum APR is the lesser of 25.00% or the maximum rate allowed by applicable law. 
• Property insurance (and flood insurance, if applicable) will be required.
• Consult a tax advisor concerning the deductibility of interest.
• This home equity line of credit is secured by a primary residence only. We do offer other home equity line of credit products for 2nd homes.
• This offer available to U.S. residents only in the state of Delaware.

*Community Bank Delaware will pay closing costs on new home equity lines of credit above $50,000. Lines paid off and closed in less than 36 months from the loan origination date will require reimbursement of all closing costs paid by the Bank. Closing costs typically range between $150.00 to $1,000.00.

Home Equity Term Loans are also available. For more information, contact our Loan Department at (302) 348-8611