Current Rates: Home Loans |
The following rates are effective on June 1, 2013, and subject to change without notice. |
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- Homeowner Loan
- Home Equity Loan
- ClassicLine
- SmartLine
| Homeowner Loan |
| Terms |
Loan Amounts |
APR* |
| Up to 120 months |
Minimum: $ 7,500 |
7.50% |
Maximum: $30,000
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- Adjustable rate loan (Prime +1.0%)
- Adequate property and flood insurance is required.
- Minimum rate: 7.50%
- Maximum rate: 18.00%
- No points.
- Owner occupied properties only.
- No appraisal is required.
Payment example:
Monthly payments on a 5-year $10,000 Homeowner Loan based on an interest rate of 7.50% APR would be $118.73.
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| Home Equity Loan |
| Terms |
Loan Amounts |
APR* |
| Up to 60 months |
Minimum: $7,500, Maximum: $750,000
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4.88% |
From 61 to 120 Months |
Minimum: $7,500, Maximum: $750,000 |
5.13% |
From 121 to 180 Months |
Minimum: $7,500, Maximum: $750,000 |
5.38% |
- Fixed Rates. Fixed Payments.
- Up to 90% loan-to-value ratio (lower LTV may apply)
- Repayment up to 180 months.
- No points.
- Adequate property and flood insurance is required.
- Owner occupied properties only.
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| ClassicLine |
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APR* |
Prime + 0% |
3.25% |
- Up to 90% loan-to-value ratio (lower LTV may apply)
- Owner-occupied property only.
- Repayment terms: 120 month draw period with an additional 120 month repayment period.
- No points.
- Variable interest rate subject to change quarterly. Rate equal to the WSJ Prime Rate in effect on the last day of each calendar quarter subject to a floor of 3.00%.
- The maximum credit limit is $750,000.
MINIMUM PAYMENT REQUIREMENTS: You can obtain credit advances for 120 months (the draw period). During the draw period, payments will be due on a monthly basis. Your minimum monthly payment will be established at an amount equal to 1.50% of your unpaid account balance at the end of the billing cycle, subject to a minimum of $75. After the draw period ends, you will no longer be able to obtain credit advances and you must repay the outstanding account balance (the repayment period). The length of the repayment period will depend on your outstanding account balance at the beginning of the repayment period but in no event exceed 120 months. During the repayment period, minimum payments will be due monthly. The
minimum monthly payment will be established at the beginning of the repayment period or change in interest rate in an amount necessary to fully amortize your outstanding balance over 120 months from end of the draw period.
MINIMUM PAYMENT EXAMPLE: If you made only the minimum monthly payment and took no other credit advances it would take 151 months to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 4.00%. During that period, you would make 150 monthly payments varying between $150 and $75 with a final payment of $19.54.
FEES AND CHARGES: To open or maintain a home equity line of credit, you must pay certain fees to third parties. These fees generally range from $500.00 to $1,300.00. If you ask, we will give you an itemization of the fees you will have to pay to third parties.
LATE PAYMENT FEE: If your payment is more than 10 days late, you will be charged 5.00% of the payment due.
PROPERTY INSURANCE: You must carry insurance on the property that secures this plan.
MINIMUM LINE OF CREDIT: The minimum Home Equity Line of Credit is $5,000.00.
TAX DEDUCTIBILITY: You should consult a tax advisor regarding the deductibility of interest and charges for the plan. |
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| SmartLine |
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APR* |
Prime + 0% |
3.25% |
- Up to 90% loan-to-value ratio (lower LTV may apply)
- Owner-occupied property only.
- Repayment terms: 120 month draw period with an additional 120 month repayment period.
- No points.
- Variable interest rate subject to change quarterly. Rate equal to the WSJ Prime Rate in effect on the last day of each calendar quarter subject to a floor of 3.00%.
- The maximum credit limit is $750,000.
MINIMUM PAYMENT REQUIREMENTS: You can obtain credit advances for 120 months (the draw period). During the draw period, payments will be due on a monthly basis. Your minimum monthly payment will be established at an amount equal to 1.50% of your unpaid account balance at the end of the billing cycle, subject to a minimum of $75. After the draw period ends, you will no longer be able to obtain credit advances and you must repay the outstanding account balance (the repayment period). The length of the repayment period will depend on your outstanding account balance at the beginning of the repayment period but in no event exceed 120 months. During the repayment period, minimum payments will be due monthly. The
minimum monthly payment will be established at the beginning of the repayment period or change in interest rate in an amount necessary to fully amortize your outstanding balance over 120 months from end of the draw period.
MINIMUM PAYMENT EXAMPLE: If you made only the minimum monthly payment and took no other credit advances it would take 151 months to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 4.00%. During that period, you would make 150 monthly payments varying between $150 and $75 with a final payment of $19.54.
FEES AND CHARGES: To open or maintain a home equity line of credit, you must pay certain fees to third parties. These fees generally range from $500.00 to $1,300.00. If you ask, we will give you an itemization of the fees you will have to pay to third parties.
LATE PAYMENT FEE: If your payment is more than 10 days late, you will be charged 5.00% of the payment due.
PROPERTY INSURANCE: You must carry insurance on the property that secures this plan.
MINIMUM LINE OF CREDIT: The minimum Home Equity Line of Credit is $5,000.00.
TAX DEDUCTIBILITY: You should consult a tax advisor regarding the deductibility of interest and charges for the plan.
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*APR = Annual Percentage Rate
 Download the complete Ratesheet.
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Routing Number: 254075250
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