Home Equity $0 Closing Costs
Fixed Home Equity: Maximum term available is 240 months. Payment per $10,000 (excluding tax and insurance): 80% is $118.24 at 7.34% APR for 120 months, $81.39 at 7.59% APR for 240 months, and 90% Loan-To-Value is approximately $87.69 at 8.59% APR for 240 months. Home Equity Line of Credit (HELOC): The Lockable HELOC has both variable and fixed rate advance options. Minimum loan amount to convert HELOC to fixed is $5,000. Rate may vary based on Wall Street Journal (WSJ) Prime Rate plus disclosed margin, applicant's credit qualifications, and collateral. Rate floor is 4% and will not exceed 18%. Lockable rate is based on available 20-year Fixed Home Equity 80% Loan-To-Value rate. Payment is the greater of 1% of outstanding balance or $50. Member is responsible for all closing costs, including appraisal, if less than $25,000 advanced at consummation. Closing costs including appraisal generally range from $300-$3,000. Rate based on applicant’s credit qualifications, collateral, and loan term. Minimum loan amount is $25,000. Member responsible for cost of appraisal regardless of completion of loan. Appraisal fee may range from $102-$1,000 depending upon location. Homeowners insurance is required. Rates subject to change at any time. Other restrictions may apply. Contact us for additional details.
