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You > Loans > Home Equity

CNB FlexEquity

FlexEquity, a unique home equity product, combines the flexibility of a traditional home equity line of credit (HELOC) while also giving you the ability to have up to five sub-loans with a fixed interest rate and term. As you pay back the balance on your sub-loans, the funds automatically become available to use on your line of credit. Enjoy peace-of-mind knowing that you can use the equity in your home to finance your most important expenses.

As the Rochester, NY region's only local, full-service community bank, we've grown by offering competitive banking options and the kind of personalized service that builds long-lasting relationships.

CNB Home Equity Solutions:
  • Borrow up to 85% of the equity in your home
  • No Closing Costs - the bank pays all closing costs (unless the account is paid off and closed prior to 3 years)

It's fast, easy and secure.

Apply Online

Loan Rates  »

Loan-to-Value Borrow up to 85% loan-to-value of the available equity in your home.

FlexEquity lines of credit have a 20 year term with the ability to borrow from the line for the entire term.


CNB will allow up to 5 fixed-rate sub-loans at any given time over the term of the loan up to the total amount of the line of credit.  No new application is required to set up a fixed-rate sub-loan.  Each sub-loan must be at least $5,000 for a term of 3 to 10 years.  There is a $49 conversion fee for each sub-loan established. 

Interest Rates

Home equity lines of credit have a variable interest rate which can adjust monthly based on the Prime Rate as published in the Wall Street Journal on the first day of the month. 

Sub-loans have a fixed rate based on the term selected, line of credit amount & loan to value.

No Closing Costs There are no closing costs, or application fees if your FlexEquity account is opened for 3 years or more.
Easy Access Enjoy 24/7 access online to all of your FlexEquity accounts.
Consolidated Billing Your home equity line of credit and sub-loans are consolidated into one, convenient monthly bill.
Title insurance may be required for lines greater than $250,000 or where there is no institutional first mortgage. If the line is terminated for any reason prior to 3 years from the date of closing, borrower will be required to repay third-party fees incurred by the bank. These fees can range between $244 and $2,974. Consult your tax advisor regarding interest deductibility.

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