Home Equity Loans

 Loan TypeTermAnnual Percentage Rate (APR*) as low as
Home Equity Line of Credit (90% LTV)**20 Years7.50% APR Variable
Home Equity Line of Credit (100% LTV)20 Years8.50% APR Variable
Home Equity Fixed Rate Loan (90% LTV)5 Years6.00% APR
Home Equity Fixed Rate Loan (90% LTV)***10 Years6.50% APR
Home Equity Fixed Rate Loan (100% LTV)5 Years7.50% APR
Home Equity Fixed Rate Loan (100% LTV)10 Years8.00% APR
  

*APR = Annual Percentage Rate. Rate based on credit approval and subject to change. **For a $50,000 home equity line of credit, for a term of 240 months with an 7.25% APR, the monthly payment will be $395.30  This does not include taxes and insurance.  The rate and terms listed are examples only and are subject to change without notice.   Maximum rate charged could be note rate + 6%.  Property and flood insurance may be required.  Closing costs vary by state or locality and range from $670 - $1,140.

***For a $20,000 10-year fixed home equity loan at a fixed rate of 6.50% APR, the monthly payment would be $227.13.

Financing up to 100% LTV for qualified borrowers on home equity line of credit and home equity loans. Rates are based on credit approval and insurability. Rates are subject to change.

 

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