Second Mortgage Loans/Home Equity Line of Credit*
|Product||Structure||Maximum Term||Rate as low as||APR as low as**|
|Second Mortgage||Fixed||3 Years||2.875%||3.436%|
|Second Mortgage||Fixed||5 Years||3.375%||3.720%|
|Second Mortgage||Fixed||10 Years||3.875%||4.056%|
|Second Mortgage||Fixed||15 Years||4.375%||4.502%|
|HELOC***||Adjustable||10 yr draw, 10 yr repay||4.99%||4.99%***|
* Rates shown for top qualifying credit, 80% CLTV, owner occupancy second mortgages. Loans are subject to credit approval, credit score and LTV. Closing costs apply. A sample principal and interest payment on a 180 month $50,000 fixed rate loan amount with a 4.375% interest rate (4.502% APR), closing costs and 80% CLTV is $379.31. Actual interest rate may vary based on credit history, LTV and loan type.
** APR is based off of guidelines shown above, a $50,000 loan amount, the rate shown, highest term shown and closing costs.
***HELOC rate assumes A+ credit. Floor will not fall below 4.99%. Maximum APR 18.00%. Assumes 70% loan to value. Estimated loan fees between $98.00 – $493.00.
Other terms are available based on qualification.
Rates are effective as of July 20, 2020 and are subject to change without notice.