Loans | Options & Rates

Effective 9/2/2010
Rates are subject to change without notice.

Home Equity Line of Credit -

Home Equity Loan -

¹ The Annual Percentage Rate (APR) will be fixed for the first six (6) months from closing and may vary monthly thereafter, and will be based on the highest prime rate published in the Wall Street Journal, and shall be adjusted on the first business day of each monthly statement cycle to Prime + 0%. The minimum APR is 4.00%. The maximum  APR is 17%. Rate assumes an 80% loan to value. Maximum loan to value is 80%. A termination fee of $400 will be charged if the equity line of credit is terminated by you within the first three years after the date of agreement. Property insurance is required. Minimum line amount is $10,000. No closing costs. As of 12/17/08, the prime rate is 3.250%.
² Fixed Rate, Fixed Term Loans are an option of our Home Equity Line program. The Annual Percentage Rate (APR) will be based on the most recent monthly "Effective Rate" as published by the Federal Housing Finance Board (FHFB). The Interest Rate will be rounded to the nearest 1/8 of 1% plus a margin of 0.0% for a five (5) year term; 0.50% for a ten (10) year term; and 1.0% for a fifteen (15) year term. The minimum APR is 4.00%. The maximum APR is 17%. Minimum conversion amount is $5,000. As of 8/26/10, the "Effective Rate" as published by FHFB is 4.90%.