Home Equity Loan Rates

Annual Percentage Rate (APR). Rates are based on evaluation of credit history so rate may differ. 

A Home Equity Line of Credit (HELOC) is a variable rate product.  APR adjusts quarterly based on the Prime Rate as published in the Wall Street Journal.  Value of your home is determined by estimating the appreciation value of your property since the opening date of your mortgage. The estimated value of your home and Available Home Equity Line amount may change based on the application date. A free current Automated Evaluation Method or assessed value will be obtained on the application date to finalize Line Amount. This value, less any outstanding mortgage loan balances, will be used to determine available equity. Combined Loan to Value (LTV) not to exceed 100%. Maximum Credit limit $250,000.  No closing costs for 2nd lien position.  Minimum Monthly Payment is 1% of loan balance or $50.00, whichever is greater, during the draw period. Draw period ends 5 years from date of closing. At the end of the draw period we will recalculate your payment. Your payment will be reset to pay the balance at the end of the draw period, at the current annual percentage rate, over 120 monthly payments. Offer subject to credit approval.  Primary residences only.  Not available in all states.  Not available for manufactured homes.  Property insurance is required. Flood insurance may be required.  Payment does not include taxes or insurance.