Rates effective July 2, 2009
(subject to change without notice)
Home Equity and Improvement Loans
| Max Loan to Value |
Loan Amount |
Rate/Annual Percentage Rate (APR)* |
Term |
Initial Monthly Payment
Per Thousand
|
Rate
Guarantees
|
| 80% |
Minimum $1,000 Maximum $25,000 |
6.00% / 6.00% |
Maximum 20 Year |
7.16 |
3 Year Rate Lock |
| 80% |
Minimum $1,000 Maximum $25,000 |
6.25% / 6.25% |
5 Year |
19.45 |
Fixed |
| 80% |
Minimum $1,000 Maximum $25,000 |
6.50% / 6.50% |
Maximum 20 Year |
7.46 |
5 Year Rate Lock |
| 80% |
Minimum $1,000 Maximum $25,000 |
7.75% / 7.75% |
7 Year |
15.46 |
Fixed |
| 80% |
Minimum $1,000 Maximum $25,000 |
7.75% / 7.97% |
10 Year |
12.00 |
Fixed |
*APR based on $25,000. Rates subject to increase after consummation with a maximum of
18% APR for variable rate loans. In certain circumstances an appraisal
may be required for which a fee of $200 to $250 would be charged.
Property insurance is required. |
Home Equity Plus and Improvement Loans
| Max Loan to Value |
Loan Amount |
Rate/Annual Percentage Rate (APR)* |
Term |
Initial Monthly Payment
Per Thousand
|
Rate
Guarantees
|
| 80% |
Minimum $25,000 Maximum $100,000 |
6.00% / 6.03% |
Maximum 20 Year |
7.16 |
3 Year Rate Lock |
| 80% |
Minimum $25,000 Maximum $100,000 |
6.25% / 6.25% |
5 Year |
19.45 |
Fixed |
| 80% |
Minimum $25,000 Maximum $100,000 |
6.50% / 6.53% |
Maximum 20 Year |
7.46 |
5 Year Rate Lock |
| 80% |
Minimum $25,000 Maximum $100,000 |
7.75% / 7.75% |
10 Year |
12.00 |
Fixed |
| 80% |
Minimum $25,000 Maximum $100,000 |
7.75% / 7.75% |
7 Year |
15.46 |
Fixed |
*APR based on $30,000. Rates subject to increase after consummation with a maximum of 18% APR for variable rate loans.
In certain circumstances an appraisal may be required for which a fee of $200 to $250 would be charged.
Property insurance is required.
|
Line of Credit Loans
| Max Loan to Value |
Loan Amount |
Rate/Annual Percentage Rate (APR)* |
Term |
Initial Monthly Payment
Per Thousand
|
Rate
Guarantees
|
| 80% |
Minimum $5,000 Maximum $125,000 |
Prime + 0%* (MIN 4.5%) |
10 Year |
Interest Only |
Variable Rate Adjusted Monthly |
*Rates subject to increase after consummation with a maximum of 18% APR AND a minimum of 4.50% APR for variable rate loans.
An annual fee of $40 will be assessed after the first year. In certain circumstances an appraisal
may be required for which a fee of $200 to $250 would be charged. Property insurance is required.
|
|