Unlock a HELOC and use it for home upgrades, debt consolidation, or life’s big goals.
Tap into your home’s hidden value with a flexible Home Equity Line of Credit (HELOC). You borrow funds
as you need them, enjoy lower rates than personal loans or credit cards, and take advantage of potential
tax benefits (consult a tax advisor**).
A HELOC offers an affordable, flexible way to reach your goals.
Introductory rate of
1.99% APR*
fixed for the first 6 months
Variable rate as low as
6.00% APR*
thereafter
No Closing Costs – No Appraisal Costs*
Property must be located in Forrest or Lamar Counties, MS | Maximum loan amount of $150,000*
Why Choose a HELOC (Home Equity Line of Credit)?
- Flexible use of funds — renovate, consolidate debt, or take a dream trip.
- Only pay interest on what you use, when you use it.
- Borrow funds as needed using your home’s equity.
- Local decisions — work with a trusted local lender.
- Possible tax advantages; consult a tax advisor.**
Ways To Use Your Extra Cash
Home Improvement
Looking to remodel your kitchen or build an outdoor living area? A HELOC (Home Equity Line of Credit) might be a great option.
College Tuition
Use HELOC (Home Equity Line of Credit) to pay for your college expenses or your child’s.
Debt Consolidation
You could save money by using a HELOC (Home Equity Line of Credit) to consolidate higher cost debt, such as credit cards or student loans.
Major Expenses
A HELOC (Home Equity Line of Credit) may be a smart way to cover major expenses, such as home improvements, college tuition, or other large purchases.
Keep Your Current Low-Rate Home Loan
No Closing Costs - No Appraisal Fees*
What is a HELOC (Home Equity Line of Credit)?
- A Home Equity Line of Credit lets you borrow against your home’s value and use the funds however you need.
- HELOCs are a great choice over other loans because you have flexible access to funds, lower intro rates, and pay interest only on what you use.
- It is available to homeowners in Forrest and Lamar Counties, Mississippi.
- Our decisions are made in the Pine Belt so you get to work with a trusted local lender.
- Applying couldn’t be easier. Apply online today or connect with a local loan officer at (601) 705-2361.
Frequently Asked Questions
A Home Equity Line of Credit, or HELOC, is a revolving line of credit secured by your home. It allows you to borrow from your available credit as needed, up to your approved credit limit. Interest is charged on the amount you borrow, subject to the terms of your HELOC.
The amount you may qualify to borrow depends on several factors, including your home’s value, existing mortgage balance, credit history and other underwriting requirements. At Grand.bank, your outstanding mortgage balance plus your HELOC credit limit generally cannot exceed 85% of your home’s fair market value. All loans are subject to credit and property approval and other applicable requirements.
HELOC funds can generally be used for a variety of purposes, such as home improvements, education expenses, debt consolidation or other major expenses. Because a HELOC is secured by your home, consider the costs, terms and your ability to repay when deciding whether to use home equity for a particular expense.
Grand.bank’s current HELOC promotion includes an introductory fixed-rate period, followed by a variable interest rate. After the introductory period, the APR is based on the Wall Street Journal prime rate, plus or minus a margin, subject to applicable minimum and maximum rates. Your applicable APR will depend on factors described in the offer disclosures. See the current HELOC offer terms and disclosures on this page for complete details.
The introductory offer is available for qualifying HELOCs secured by a primary residence located in Forrest or Lamar County, Mississippi. Eligibility is subject to application, credit and property approval, documentation, collateral requirements and other applicable underwriting criteria. Additional terms and restrictions apply. See the offer disclosures on this page for complete details.
Generally, no. A HELOC is typically a separate line of credit secured by your home and does not replace your existing first mortgage. Your existing mortgage balance is considered when determining the amount of home equity that may be available to borrow. A Grand.bank lender can help you understand how a HELOC may work with your existing mortgage.
Apply Online or Contact Your Local Lender:
Michael Slay
Loan Originator | NMLS #1834001
Email*: michael.slay@grand.bank
NOTE: For your protection, do not email personal information such as social security or account numbers.
Voted Best Mortgage Division Two Years in a Row!
Two more reasons to choose us for your home loan.
We’ve been recognized for making homebuying easier, faster, and more personal. With our award-winning team, you’ll get expert guidance and local support — every step of the way.
How much cash could you get with a HELOC?
Use the Banzai HELOC (Home Equity Line of Credit) calculator to help you estimate how much you could be approved for. But remember, this is only an estimate, give us a call for a personalized quote.
*Property must be located in Forrest or Lamar Counties, MS to be qualified for the introductory rate. Introductory rate of 1.99% APR (Annual Percentage Rate) is effective for the first 6 months of the loan. After 6 months the HELOC APR is based on the Wall Street Journal prime rate (6.75% as of 8.25.26), plus or minus a margin. HELOC APR will never be more than 14.00% or less than 6.00%. Your APR will be based on several factors including: credit score, credit history, loan-to-value (LTV) ratio; escrow of taxes, insurance, and other assessments. All home lending products are subject to credit and property approval, documentation, collateral, and other requirements. Loans may require escrow of taxes, insurance, and other assessments. HELOCs are only for primary residences and must be a loan on the home. Existing (outstanding) mortgage balances plus the credit limit of HELOC cannot exceed 85% of the fair market value of your home. Maximum loan amount $150,000 for intro rate. Contact a Grand.bank® Mortgage Loan Originator for current details. Advertised rates, program terms, and conditions are for illustrative purposes only, are subject to change without notice, and assume a borrower with excellent credit.
**Grand.bank® and its representatives do not provide tax or legal advice; please consult your tax and/or legal advisor(s) regarding the deductibility of interest.
Important Information About Procedures for Opening a New Account or Establishing a New Customer Relationship:
The USA PATRIOT Act is a federal law that helps the government fight the funding of terrorism and money laundering activities. Federal law requires all U.S. financial institutions to obtain, verify and record information that identifies each person who opens an account or establishes a customer relationship with Grand Bank for Savings, FSB. What this means for you: When you open a bank account, we will ask you for your name, address, date of birth, and other information that will allow us to reasonably identify you. We may also ask to see and/or photocopy your driver’s license or other identifying documents at any time.