Home Equity Loan (Line of Credit)

Fair Market Value % APR (as low as) Payment per $1,000
80% prime rate + 0.25% 1.5% of Balance
90% prime rate + 1.25% 2.0% of Balance
APR=Annual Percentage Rate. LTV=Loan to Value. Rate and margin depends on credit worthiness and LTV. No closing costs unless a property appraisal is necessary. $50.00 annual fee does apply, waived if aggregate balance is greater than $10,000 for 12 months. Prime rates are reviewed at the end of each month and will change the first of each month. Home Equity Line of Credit has a 5-year draw period. $100 renewal fee will apply at the end of the draw period.Early termination fee of $250 will be assessed for lines closed within 36 months of origination.
Rate as of Dec 16  of 2017

Home Equity Loan (Fixed Rate)

80% LTV 90% LTV
Terms (months) APR (as low as) Payment per $1,000 APR (as low as) Payment per $1,000
60 3.25% $18.08 Call for current rate
120 4.00% $10.12 Call for current rate
180 Call for current rate Call for current rate
APR=Annual Percentage Rate. LTV=Loan to Value. Rate and margin depends on credit worthiness and LTV. $250 closing costs, unless a property appraisal is necessary.
Rate as of Dec 16  of 2017