Home Equity Rates

Rates as per July 21, 2017

Home Equity Line of Credit (HELOC’s)

INITIAL RATE OF 1.99% (APR**)                                                                              FOR 12 MONTHS                                                                                                                          THEN PRIME MINUS .51% FOR LIFE* (3.74% APR**)

No Points and no Annual Fee. Recording fee will be paid by applicant(s).
*The rate of interest is 1.99% per annum for the first 12 months. After 12 months the Annual Percentage Rate (APR) is variable and based upon the Prime Rate as most recently published in the Wall Street Journal at the beginning of the month (currently 4.25%), minus .51% for the life of the loan, however the APR shall never fall below 3.00%. The maximum lifetime APR is 18%. 1-4 family owner occupied properties only. Property insurance required. We will lend to 50% of the assessed value or 80% of an appraisal. Maximum LTV on condos or townhouses is 70%. If an appraisal is required the applicant will pay the cost of $350.00 – $475.00. If you cancel the line of credit anytime within the first 36 months, you will be required to reimburse us for any closing costs we paid but no more than $500.00.
**APR=Annual Percentage Rate. The rates are accurate as of the date indicated and are subject to change. Terms are dependent upon amount financed. Rates shown above are for members with the best credit profile. Other rates are available, based on your credit score.


Home Equity Loan

INTEREST RATE APR (as low as)** Payments per thousand per month
5 Year
3.50%
3.50%
$18.19
7 Year
3.75%
3.75%
$13.55
10 Year
4.00%
4.00%
$10.13
15 Year
4.25%
4.25%
$7.52

No Points and no Annual Fee. Recording fee wil be paid by applicant(s). We will lend to 50% of the assessed value or 80% of an appraisal. If an appraisal is required the applicant will pay the cost of $350.00 – $475.00. If you cancel the loan anytime within the first 36 months, you will be required to reimburse us for any closing costs we paid but not more than $500.00. 1-4 family owner occupied properties only. Property Insurance required. Maximum LTV on condos or townhouses is 70%. **APR=Annual Percentage Rate. The rates quoted are accurate as of the date indicated and are subject to change. Terms are dependent upon amount financed. Rates shown above are for members with the best credit profile. Other rates are available, based on your credit score.

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