introductory APR on a
Home Equity Line of Credit
2.50 % *
Special 12-month
It’s finally time to get back out there. And we’re ready to help.

Let your home take you places with a Home Equity Line of Credit (HELOC) from Lake Shore Savings Bank. A HELOC is a smart lending option to help support your next step, whatever it may be.

Open the door to what’s possible with a HELOC or explore our full suite of other mortgage and lending products that can be tailored to fit your specific needs. Plus, our bankers are always ready to give you the expert guidance you deserve.

Apply online or call your local branch. All processing and decisions are made locally.

How can I use my HELOC?

Cover a large expense

Consolidate your debt

Gain more financial flexibility


*2.50% Annual Percentage Rate (APR) is available on Home Equity Lines of Credit (HELOC) during the 12-month introductory period. Offer is available for new applications submitted beginning January 1st, 2021. Interest rate will be fixed at 2.50% for 12 months. After the 12-month introductory period, the APR is variable and is based upon index (Prime Rate as published in The Wall Street Journal ) plus a margin, and is subject to change as the Prime Rate changes. After the introductory period, rate reduction of 0.25% applies if borrower maintains autopay from a Lake Shore Savings deposit account. After introductory period, the rate will not vary above 15.00% APR or below 4.00% APR. As of February 1st, 2021, the HELOC rates have ranged from 3.50% to 5.50% APR. Higher rates may apply due to increases in the Prime Rate or due to a lower credit score. Lake Shore Savings will pay all closing costs on HELOCs between $7,500 and $300,000. HELOCs less than $7,500 require borrower to pay all closing costs. For HELOCs ranging from $300,000 to $548,250, the following is paid by the borrower: appraisal amount above standard ($225), mortgage tax on amount above $300,000, and non-standard fees for a HELOC such as attorney fees or title insurance. If you cancel the HELOC within three years, you must reimburse us for certain fees. These fees will generally total between $500 and $4,000 (for a HELOC up to $548,250) plus non-standard fees, as applicable. HELOC is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required. Consult your tax advisor for details on the tax deductibility of interest. See an employee for more details.