Home Equity Loan Rates
|Home Equity Loan||Rate||APR||Points|
|10 Year Fixed Rate Second||5.25%||5.292%||0|
|15 Year Fixed Rate Second||5.75%||5.78%||0|
|Home Equity Line of Credit||Intro Rate||Current APR after Intro||Points|
|Special Home Equity Line of Credit||3.99%*||6.50%||0|
All rates subject to change and subject to credit approval. Full product information is also available in our branches.
For Home Equity Loans: No lender origination fees when a minimum loan amount of $40,000 and maximum $100,000 is approved. Accommodation- recording fees, title charges to clear or transfer liens, or indemnification due to construction on the subject property may be required. The borrower is responsible for these costs.
For the Home Equity Line of Credit: *3.99% APR is an introductory rate for the first six months and then Prime Rate + 1% Annual Percentage Rate (APR) based upon 80% or less Loan to Value ratio with a FICO Score of 740. 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 $10,000; maximum line amount is $300,000. There is a 10-year draw period (interest only payments) with a 15 year (fully amortized) repayment period. Minimum initial draw is $10,000. Closing fees are $1,250.The Closing Cost will be deducted from the first draw at close of your loan. Other restrictions may apply. No line granted over 90% Loan to Value. If you make the minimum monthly payment during the term of your loan on or before the due date, the loan will be paid in full after the repayment period ends.The Annual Percentage Rate will never exceed 18.0%. Review full disclosure and terms for our Home Equity Line of Credit by requesting a rate quote.