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, credit report, appraisal, and other expenses that are non-recurring (one time) charges at the beginning of the loan process. Please see our schedule of fees for details. 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 (Second Position Lien)
6.750% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 6.845% 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 6.750% would yield an APR (Annual Percentage Rate) of 6.845% with 59 payments of $492.09 and 1 final payment of $491.87
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. An 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 appraisal fee. Please see our schedule of fees for details. 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, credit report, appraisal, and other expenses that are non-recurring (one time) charges at the beginning of the loan process. Please see our schedule of fees for detailss. 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 (Second Position Lien)
7.125% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.172% 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 7.125% would yield an APR (Annual Percentage Rate) of 7.172% with 119 payment of $583.77 and 1 final payment of $583.62
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. An 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 appraisal fee. Please see our schedule of fees for details. 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, credit report, appraisal, and other expenses that are non-recurring (one time) charges at the beginning of the loan process. Please see our schedule of fees for details. 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 (Second Position Lien)
7.250% is the interest rate on the Home Equity Loan with an APR (Annual Percentage Rate) of 7.282% 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 7.250% would yield an APR (Annual Percentage Rate) of 7.282% with 178 payment of $915.69 and 1 final payment of $915.60
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. An 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 appraisal fee. Please see our schedule of fees for details. 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. 
