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Rate Details

Home Equity Loans & Lines of Credit

Home Equity Loans & Lines of Credit

Type Terms Up To Minimum Loan APR As Low As Approx. Monthly Pmt.* Apply Now
Home Equity Easy Payment Line 10/20 Various $25,000.00 4.25% Varies APPLY NOW

Home Equity Fixed
10 Year Balloon**

10 Years $10,000.00 4.75%

$52.19

(119 pmts. of $52.19 & 1 Balloon pmt. of $8,123.97)

APPLY NOW
Home Equity Fixed Rate Loan 5 Years $10,000.00 3.75% $457.62 APPLY NOW
Home Equity Fixed Rate Loan 10 Years $10,000.00 4.25% $256.12 APPLY NOW
Home Equity Fixed Rate Loan 15 Years $10,000.00 4.75% $194.50 APPLY NOW
Home Equity Fixed Rate Loan 20 Years $10,000.00 5.25% $168.51 APPLY NOW

Loans:  

*Monthly payment estimates based on a $25,000.00 Home Equity Loan. Rates effective as of 6/15/2017.

**The Home Equity 10 yr Balloon contains a balloon provision. This means that even if you make all payments in full and on time, the loan will not be paid in full by the end of the final payment date. A single balloon payment covering the remaining outstanding balance will be due and payable. Only 2nd position lien loans qualify. Loan payment example is based on a $10,000 loan amount.

Rates, terms and conditions are subject to change without notice and may vary based on creditworthiness, qualifications and collateral conditions.  Not all applicants will qualify for the lowest rate. APR = Annual Percentage Rate.  Managed risk lending pricing is used for all consumer loans.  

First Mortgages are available in all 50 states and DC.First Mortgage rates quoted are with 1 point.

The following additional disclosures apply:

  • The Annual Percentage Rate (APR) is based on representative loan amount for stated term.
  • These special rates are only available when you pre-qualify and are not guaranteed until lock-in.
  • All loan applications subject to credit and property approval.  Flood and/or property hazard insurance may be required.  Additional fees and closing costs apply.
  • Assumes no subordinate financing.
  • Maximum loan limits and minimum equity / down payment requirements apply.
  • Other restrictions may apply.
  • Additional rates and programs are available.
  • Calculated assuming 15 days of prepaid interest.

Amounts may be rounded up.  Additional fees and closing costs may apply.  If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.

Rates and APRs may vary depending on loan details, such as loan amount, loan-to-value, your credit, property type, purpose (purchase or refinance with cash-out vs. no cash-out), occupancy (owner occupied, second home or investment) and points paid.  Rates are subject to change without notice.  You will need to speak to one of our loan officers to obtain a specific quote or to lock a rate. 

Rates and APRs assume that an escrow account is set up for payment of property taxes, hazard insurance, and mortgage insurance if applicable.  Escrow waiver may be available in some cases and additional fees will apply.

Rates assume purchase of an owner occupied single family residence with a minimum of 20% down payment.  1 point is equal to 1% of the mortgage amount (e.g. $1,000 on a $100,000 loan).  Payments for conforming loans are based on the purchase of a $375,000 property with 20% down payment and a $300,000 mortgage.  Payments for jumbo loans are based on the purchase of a $600,000 property with a 20% down payment and a $480,000 mortgage.

 

Lines of Credit:

APR is variable.  Maximum APR that can be imposed is 18%. Closing costs range from $250.00 to $2,500.00

HELOC and Home Equity Loans are available.  Minimum line of credit is $10,000.00.  Maximum line of credit amount is $300,000.00. Variable rates tied to Prime as published in the Wall Street Journal.

 

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