*The introductory rate of 5.99% Annual Percentage Rate (APR) applies to new home equity line accounts. The introductory rate is only available to new borrowers on qualified new home equity lines of credit. Only one introductory rate offer is available per property. Prior Sandy Spring Bank home equity line customers, increases to existing home equity lines and refinances of existing Sandy Spring Bank debt are not eligible for this offer. After the six-month introductory period, a Standard Rate applies for the remaining portion of the draw period. Standard Rates may vary and are based on changes in Prime, the highest rate published in The Wall Street Journal’s “Money Rates” section on the first business day of every month. Currently Standard Rates range from 7.25% APR to 11.25% APR (Prime plus 3.75%) and are based upon credit qualifications, loan-to-value ratio, and approved credit limit. The lowest featured Standard Rate is available to well-qualified borrowers with an approved credit line of $125,000 or more, a loan-to-value ratio of 80% or less, and a credit score of 720 or higher, and having monthly payments automatically deducted from a Sandy Spring Bank checking or savings account. Maximum APR rate is 24%. Minimum APR is 4.00%. The APRs quoted are accurate as of 12/18/2024 and are for 1-4 family, owner-occupied residences. There is an annual fee of $100. To open an account, you must pay certain fees (closing costs) to third parties such as appraisers, credit reporting firms and government agencies. These third-party fees generally total between $540 and $1,400 for a $50,000 line of credit. We will pay your closing costs, up to $3,500. You must pay any and all closing costs that exceed $3,500, including any applicable transfer taxes whether in part or in full. You will reimburse us for all closing costs that we paid on your behalf to third parties if the line is terminated (by you or us) during its first three (3) years. Upon request, we will provide you with an itemization of these closing costs. Closing costs are not waived for purchase transactions. Borrowers paying closing costs above $3,500 have the option to have the closing costs paid from the proceeds of the loan to avoid paying cash at settlement.

Please consult a Sandy Spring Bank employee for specific details. This is not an offer of credit or commitment to lend. Actual loan qualification is subject to verification and approval of income, credit, property appraisal, and other factors. Adequate property insurance required. Loan program subject to change without notice and cancellation at any time. Additional fees, terms and conditions may apply.

¹You may lock in a portion of your outstanding balance to a fixed-rate, fixed-term loan during your draw period. The rate for a term loan will be determined at the time of your lock request.  As you pay off your term loan, that amount will become available to you again on your home equity line of credit. There is a fee of $75 per lock, and you may exercise the lock-in option a maximum of five (5) lock-ins at any one time during the draw period of your home equity line of credit.