Equity Loan Rates

HELOC SPECIAL – 1.90% APR* 12 Month introductory rate, then prime – 0.25% 1

 

Home Equity Line of Credit – up to 80% financing available minus mortgage balance

 

Product Description Closing Costs Interest Rate
15 Year (10 Year Draw) Waived except for Appraisal fee ($310.00) Prime Rate – 0.25% = Rate
Not to go below Floor Rate of 3.00%

1 This loan has a variable rate feature and has an introductory rate of 1.90% APR* for the initial 12 months and will convert to a variable rate. The variable rate is based on the highest prime rate published in the Wall Street Journal on the first business day of each month minus .25%. Current prime rate as of 09/13/2017  is 4.00% APR*. The rate will vary. Rate will never exceed 18% APR* and has a floor of 3.00% APR*. Minimum cash out $15,000.00.  Maximum loan is $200,000. Minimum monthly payments are based on principal and interest of the amount advanced, amortized within the original 15 year term.

Repayment terms based on $1,000.00 15 year term at 3.75% APR* (Current Prime rate – 0.25%) is $7.28 month.
Homeowners insurance is required on all Mortgage and Equity loan products.

 

Fixed Rate Equity Loansup to 80% financing available minus mortgage balance.

 

Product Description Points Interest Rate APR* Payment Per $1000
5 Year Term N/A as low as 3.25% 3.25% $18.09/Month
10 Year Term N/A as low as 3.50% 3.50% $9.90/Month
15 Year Term N/A as low as 4.25% 4.25% $7.53/Month
20 Year Term N/A as low as 4.50% 4.50% $6.33/Month

Minimum Loan $15,000.  Homeowners insurance is required on all Mortgage and Equity loan products.

 

Home Improvement Loans

 

Product Description Points Interest Rate APR* Payment Per $1000
3 Year Term N/A as low as 9.50% 9.50% $32.04/Month
5 Year Term N/A as low as 10.25% 10.25% $21.38/Month
15 Year Term N/A as low as 10.75% 10.75% $11.22/Month

Homeowners insurance is required on all Mortgage and Equity loan products.

 

*APR = Annual Percentage Rate.

All rates are subject to change.  Please call for details.  Rates effective 09/13/2017.