If you want stability in a loan, you can get the money you need up front with one of our fantastic Home Equity Loan options.
A home equity loan is secured by your home and enables you to access a portion of your available equity in the form of a single payout. Once approved, you may qualify for up to 95% of the appraised value of your home, less the balance of your first mortgage. Interest rates are variable and indexed to Prime Rate as published in The Wall Street Journal.
Prefer the flexibility of accessing available funds on an ongoing basis? Consider a Home Equity Line of Credit.
Our Home Equity Loan Options Include:
|Home Equity Loan 10/1 ARM||Home Equity Loan 5/1 ARM|
A sample Home Equity Loan 10/1 loan payment based on $50,000 at 4.362% APR for 15 years is $376.14 and can change in the 121st month.
A sample Home Equity Loan 5/1 loan payment based on $50,000 at 4.613% APR for 15 years is $382.50 and can change in the 61st month.
Current Home Equity Loan Rates
Payments shown do not include taxes and insurance premiums. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates.
|Home Equity Closed End Loans||Rate||Points||APR||Months||Payment|
|Home Equity Loan 5/1 ARM (5 yrs fixed rate/10 yrs variable)||4.250%||0.000||4.362%||1-60||$376.14|
|Home Equity Loan 10/1 ARM (10 yrs fixed rate/5 yrs variable)||4.500%||0.000||4.613%||1-120||$382.50|
Annual Percentage Rates. APRs above are calculated using loan amounts of $50,000, credit score of 740 or greater and loan to value of 80% for a single family residence. The APRs for Home Equity Loan 10/1 ARM and Home Equity Loan 5/1 ARM are variable and are based on The Wall Street Journal Prime Rate as published on the 1st business day of every month plus or minus a margin and will vary with the Prime Rate, but will not exceed 18%. Payments for the variable portion of the loans will depend on the then current index, margin and remaining outstanding loan balance. Programs, rates, terms and conditions are subject to change without notice. Cumulative loan to value and loan to value ratios, margins, rates, and payment amount may be higher or lower than the advertised rate and payment amount. Fees: A $375 processing fee applies to all Home Equity Loans plus applicable state-specific and title insurance fees may apply.