Home Equity Loan Rates

All rates are quoted as Annual Percentage Rate (APR) and effective as of December 1, 2014. Rates are subject to change without notice. Please click on each title to obtain additional payment information for each product.

Home Equity Loan Rate APR Points
15 Year Fixed Rate Second 7.25% 7.281% 1
15 Year Fixed Rate Second 7.5% 7.531% 0
 
*APR=Annual Percentage Rate. CLTV = Combined Loan to Value. All loans are subject to credit approval. Full product information is also available in our branches.
 

Primo Home Equity Line of Credit

Home Equity Loan Rate APR Points
Primo Home Equity Line of Credit 6.5% 6.5% 0

 

*All rates subject to change. Full product information is also available in our branches. Prime Rate + 0% Annual Percentage Rate (APR) based upon 80% or less Loan to Value ratio. Rate to change quarterly (January 1, April 1, July 1, October 1) and will correspond to changes in the Index. The Index is the Major Bank Prime Rate as published periodically in the Wall Street Journal. The Index value used at each Change Date is the value in effect on the first day of the month preceding each calendar quarter. Minimum line amount is $20,000; Maximum line amount is $250,000. There is a 10-year draw period (interest only payments) with a 15 year (fully amortized) repayment period. Minimum draw is $500. LBS Financial will pay closing costs (estimated at $535). If Primo line of credit is terminated within the first 36 months, borrower must reimburse LBS Financial for the closing fees. Other restrictions may apply. No line granted below 6.50% APR.