FlexLoan + Line of Credit

choose for you.

With a FlexLoan or a Flex Line of Credit, you choose your own terms. You can use it to lock in a fixed interest rate on one or more portions of a variable-rate loan, or consolidate high-interest debt into one monthly payment. As a revolving loan, it also lets you borrow and repay as many times as you like.

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Find out if you're eligible for an Allegacy FlexLoan + Line of Credit.

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Purchasing Power

Borrow up to $350,000 on your primary residence, with a loan-to-value max of 100%

Fixed + Variable Rate

Convert all or part of your variable-rate home equity into multiple fixed-rate loans

Open-Ended Borrowing

A revolving, open-ended loan that lets you borrow funds, repay and borrow again + the ability in Online Banking to transfer funds to your Allegacy Checking Account. That means no office visits or waiting in line

What others are saying

surfer on a large ocean swell with yellow helicopter hovering nearby
Ephraim H.
member from Germantown, NC

You can never over-state the importance of business support that truly makes an impact. Since the inception of FILMCOVE, Allegacy has been there every step of the way. I’m sure their positive impact will continue to be felt by us and others for many years to come. We are grateful.

Boy hugging grandmother outdoors
Deborah B.
member since 2002

There are many advantages to being an Allegacy member. Allegacy membership was recommended to me by a friend, and I will very likely “pay it forward”.

Tourist senior couple taking a selfie
Edmond W.
member since 2013

Excellent service and great location for service and convenient ATMs.

Dad and kids take travel selfie by car
Frantz S.
member since 1998

I have been a member for over 20 years and service beats the banks hands down

Two young women hiking take selfie portrait at mountain top
Jessica G.
member since 2009

My experience felt personal and was handled in a timely fashion.

Apply for a loan

Find out if you're eligible for an Allegacy FlexLoan.

apply now

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  • APR=Annual Percentage Rate. Rates are based on as low as the Prime Rate minus 0.25%. Rate is also affected by your credit history and profile and, like terms, are subject to change without notice. For FlexLoan segments, which can be exercised up to 5 times, a portion of your balance will have a fixed rate. Minimum amount for each option is $5,000. The FlexLoan Line of Credit is a variable rate with a 15-year draw period. The total maximum line of credit amount for the loan is $350,000 up to 100% LTV on primary residence. Using the Line of Credit option at a variable rate, if you made only the minimum monthly payment and took no other credit advances it would take 13 years to pay off a credit advance of $10,000 at 5.75% APR. During that period, you would make 60 payments of $73.49 to $100.00 followed by 95 payments of $95.21 and one (1) final payment of $94.43. For the fixed rate option, if you took no other credit advances it would take 10 years to pay off a credit advance of $10,000 at 7.74% APR. During that period, you would make 119 payments of $120.00 and one (1) final payment of $118.33. Appraisals are required on loan amounts of $100,000 or greater. Closings costs are paid up to $500. There is no annual fee or prepayment penalty fee. Homeowner’s insurance and, if applicable, flood insurance is required. Interest may be tax deductible; consult tax advisor for details.