Home Equity Line of Credit (HELOC) Details

No closing costs
  • A promotional APR of 2.49% will apply for the first 90 days of the loan.
  • After the promotional period expires, the APR will adjust monthly based on the movement of a rate index plus a margin. 
    • The index is Wall Street Journal Prime.
    • A margin we have used recently is 0.00%, resulting in an APR of 8.25%.
  • Your promotional rate and your margin may be higher depending on your credit qualifications.
  • Your APR will never exceed 18%.
  • You will have to pay an annual maintenance fee of $50 after the first year.
  • Property and Hazard insurance are required.
  • Consult a tax advisor about the tax deductibility of interest and other charges.
  • No Closing Cost promotion is only available for your Primary Residence.

 

Home Equity Installment Loan (HELOAN) Details

  • The rates and payments shown are based on a credit score of 740 or higher and a loan amount of $25,000.  Your rate and payment may be higher depending on your credit qualifications. Property and hazard insurance are required. Consult a tax advisor about the tax deductibility of interest and other charges. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.