Home Equity Loans (HELOAN)



Questions about home equity?  Take a look at HELOC vs HELOAN - What's the Difference?  A brief, but helpful overview of the different home equity products we offer.
 
To ensure you have all the required documents needed to complete the application, please use our HELOAN Checklist.
 
 

First Position Lien                              APPLY NOW            PAYMENT ESTIMATOR

Loan Term Interest Rate APR* Loan Amount
5 Years 6.625%   Fixed 6.772% $15,000  -  $300,000.00
10 Years 7.000%   Fixed 7.076% $15,000  -  $300,000.00
15 Years 7.125%   Fixed 7.178% $50,000  -  $300,000.00
 
Second Position Lien                        APPLY NOW            PAYMENT ESTIMATOR
Loan Term Interest Rate APR* Loan Amount
5 Years 7.125%   Fixed 7.282% $15,000  -  $300,000.00
10 Years 7.500%   Fixed 7.581% $15,000  -  $300,000.00
15 Years 7.625%   Fixed 7.683% $50,000  -  $300,000.00



 
 
*APR = Annual Percentage Rate                                  View our complete listing of Mortgage Loan Originators

5 Year Fixed No Closing Cost Home Equity Loan Disclosure Information


All interest rates and terms in this advertisement are subject to change without notice. Maximum loan is limited to 80% of appraised value less consideration of first mortgage. If a first mortgage is in place it must be an institutional loan.  The account should not be closed prior to loan maturity.  

No Closing Costs simply means the customer is not charged for any of the “closing costs” of the mortgage.  Closing costs range from $615.00 to $2,500.00, but are waived.  Closing costs may include fee items such as abstract update, non-escrow, credit report, appraisal, attorney and other expenses that are non-recurring (one time) charges at the beginning of the loan process.  Borrower will receive a Lender Credit for these items.  Property without a first mortgage is eligible, but title insurance, survey and attorney fees may be required at the expense of the borrower.  The mortgage loan account must be kept open for a minimum of 3 years to avoid paying closing costs paid to third party vendors on borrower’s behalf.

Interest Rate (First Position Lien)

6.625% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 6.772% fixed for five years on borrowed amounts of $15,000.00 (minimum new money loan amount) to $300,000.00 (maximum loan amount). 


Example: A $25,000.00 fixed rate Home Equity Loan financed for 60 months at 6.625% would yield an APR (Annual Percentage Rate) of 6.772% with 59 payments of $490.62 and 1 final payment of $490.59.
 
Interest Rate (Second Position Lien)

7.125% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.282% fixed for five years on borrowed amounts of $15,000.00 (minimum new money loan amount) to $300,000.00 (maximum loan amount). 


Example: A $25,000.00 fixed rate Home Equity Loan financed for 60 months at 7.125% would yield an APR (Annual Percentage Rate) of 7.282% with 59 payments of $496.51 and 1 final payment of $496.21.

Payments do not include taxes and insurance which may result in the actual payment obligation being greater than the payment examples shown.

Single wide mobile homes are not eligible.  Double wide mobile homes are eligible only if permanently attached to a foundation.  A $375.00 Appraisal Fee is initially collected from the customer, but refunded in full at time of loan closing. If loan does not close and the appraisal was ordered the Bank retains the $375.00 appraisal fee.  Homeowner’s insurance will be required as well as flood insurance for applicable areas. All loans are subject to credit approval.  Approval restrictions may apply.

  

10 Year Fixed No Closing Cost Home Equity Loan Disclosure Information

All interest rates and terms in this advertisement are subject to change without notice. Maximum loan is limited to 80% of appraised value less consideration of first mortgage. If a first mortgage is in place it must be an institutional loan.  The account should not be closed prior to loan maturity.  

No Closing Costs simply means the customer is not charged for any of the “closing costs” of the mortgage.  Closing costs range from $615.00 to $2,500.00, but are waived.  Closing costs may include fee items such as abstract update, non-escrow, credit report, appraisal, attorney and other expenses that are non-recurring (one time) charges at the beginning of the loan process.  Borrower will receive a Lender Credit for these items.  Property without a first mortgage is eligible, but title insurance, survey and attorney fees may be required at the expense of the borrower.  The mortgage loan account must be kept open for a minimum of 3 years to avoid paying closing costs paid to third party vendors on borrower’s behalf.

Interest Rate (First Position Lien)

7.000% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.076% fixed for ten years on borrowed amounts of $15,000.00 (minimum new money loan amount) to $300,000.00 (maximum loan amount).

Example: A $50,000.00 fixed rate Home Equity Loan financed for 120 months at 7.000% would yield an APR (Annual Percentage Rate) of 7.076% with 119 payment of $580.54 and 1 final payment of $580.91.

 

Interest Rate (Second Position Lien)

7.500% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.582% fixed for ten years on borrowed amounts of $15,000.00 (minimum new money loan amount) to $300,000.00 (maximum loan amount).

Example: A $50,000.00 fixed rate Home Equity Loan financed for 120 months at 7.500% would yield an APR (Annual Percentage Rate) of 7.582% with 119 payment of $593.51 and 1 final payment of $593.36.


Payments do not include taxes and insurance which may result in the actual payment obligation being greater than the payment examples shown.

Single wide mobile homes are not eligible.  Double wide mobile homes are eligible only if permanently attached to a foundation.  A $375.00 Appraisal Fee is initially collected from the customer, but refunded in full at time of loan closing. If loan does not close and the appraisal was ordered, the Bank retains the $375.00 appraisal fee.  Homeowner’s insurance will be required as well as flood insurance for applicable areas. All loans are subject to credit approval.  Approval restrictions may apply.

  

15 Year Fixed No Closing Cost Home Equity Loan Disclosure Information

All interest rates and terms in this advertisement are subject to change without notice. Maximum loan is limited to 80% of appraised value less consideration of first mortgage. If a first mortgage is in place it must be an institutional loan.  The account should not be closed prior to loan maturity.  

No Closing Costs simply means the customer is not charged for any of the “closing costs” of the mortgage.  Closing costs range from $615.00 to $2,500.00, but are waived.  Closing costs may include fee items such as abstract update, non-escrow, credit report, appraisal, attorney and other expenses that are non-recurring (one time) charges at the beginning of the loan process.  Borrower will receive a Lender Credit for these items.  Property without a first mortgage is eligible, but title insurance, survey and attorney fees may be required at the expense of the borrower.  The mortgage loan account must be kept open for a minimum of 3 years to avoid paying closing costs paid to third party vendors on borrower’s behalf.

Interest Rate (First Position Lien)

7.125% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.178% fixed for ten years on borrowed amounts of $50,000.00 (minimum new money loan amount of $15,000.00) to $300,000.00 (maximum loan amount).

Example: A $100,000.00 fixed rate Home Equity Loan financed for 179 months at 7.125% would yield an APR (Annual Percentage Rate) of 7.178% with 178 payment of $908.67 and 1 final payment of $907.70

 

Interest Rate (Second Position Lien)

7.625% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.683% fixed for ten years on borrowed amounts of $50,000.00 (minimum new money loan amount of $15,000.00) to $300,000.00 (maximum loan amount).

Example: A $100,000.00 fixed rate Home Equity Loan financed for 179 months at 7.625% would yield an APR (Annual Percentage Rate) of 7.683% with 178 payment of $936.93 and 1 final payment of $936.28



Payments do not include taxes and insurance which may result in the actual payment obligation being greater than the payment examples shown.

Single wide mobile homes are not eligible.  Double wide mobile homes are eligible only if permanently attached to a foundation.  A $375.00 Appraisal Fee is initially collected from the customer, but refunded in full at time of loan closing. If loan does not close and the appraisal was ordered, the Bank retains the $375.00 appraisal fee.  Homeowner’s insurance will be required as well as flood insurance for applicable areas. All loans are subject to credit approval.  Approval restrictions may apply.






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