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 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

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.

older couple kissing and taking a selfie
Karen B.
member from Kernersville, NC

Easily answered all my questions and concerns. Very helpful and helped me know what I needed to do.

young sporty couple on bike ride
William P.
member from Winston-Salem, NC

Felt a personal connection with the Allegacy associates that I dealt with.

father and son taking a selfie photo with their beagle dog
Darrel D.
member since 2004

Great folks to guide us through the process.

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

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Disclosures

  • 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.