Home Equity

All rates are effective

Home Equity Lines of Credit – NO FEES!

A Home Equity Line of Credit is a revolving credit line that can provide a source of continuing credit for homeowners who have built up equity in their homes. Customers may easily access their approved line for any purpose they choose, personal or business, simply by requesting an automatic deposit to their pre-authorized checking account. The loan is secured by a mortgage against the borrower’s primary residence.

Home Equity Lines of Credit
Rate APR
3.25% 3.25%

Disclosure: Your Home is On the Line
Disclosure: HELOC Application Disclosure

 

Home Equity Term Loans – NO FEES!

A Home Equity Loan allows homeowners to utilize the accumulated equity in their property as collateral for long-term borrowing purposes. Long-term borrowing allows for reasonable equal monthly payments. Homeowners borrow a fixed amount of money at a fixed rate of interest for a specific time period. The loan is secured by a mortgage against the borrower’s primary residence.

5 Year Term Loan
Rate APR
3.79% 3.79%
3.79% APR 5 Years, Payment Amount per $1,000 borrowed $18.32

 

10 Year Term Loan
Rate APR
4.49% 4.49%
4.49% APR 10 Years, Payment Amount per $1,000 borrowed $10.36

 

15 Year Term Loan
Rate APR
4.74% 4.74%
4.74% APR 15 Years, Payment Amount per $1,000 borrowed $7.77

 

 

Download our application here: Home Equity Loan Application

 


Home Equity Line of credit Disclosure: Loan-to-value (LTV) ratio not to exceed 80%. Maximum LTVs may be reduced based on customer credit worthiness. Available on one family primary residence, excluding: condos, mobile homes, co-ops, investment properties, homes for sale, under constructions or leased land. Annual Percentage Rate (APR) is variable based on Wall Street Journal Prime which is 3.25% as of . Maximum APR is 18% with a floor of 2.50%. Minimum line amount is $10,000. Maximum line amount is $300,000. Property insurance is required. Title insurance may be required for loan amounts of $200,000 or more. A balloon payment may result. Rates subject to change without notice. Loans subject to credit approval.


Home Equity Term Loan Disclosure: Loan-to-value (LTV) ratio not to exceed 90%. Maximum LTVs may be reduced based on customer credit worthiness. Available on one family primary residence, excluding: condos, mobile homes, co-ops, investment properties, homes for sale, under constructions or leased land. Minimum loan amount is $10,000. Maximum loan amount is $300,000. Property insurance is required. Title insurance may be required for loan amounts of $200,000 or more. Rates subject to change without notice and are effective as of . Loans subject to credit approval. The payment amounts listed above do not include amounts for taxes and insurance premiums.