| Home Equity Loans | |||
| Effective Date: Wednesday, September 23rd, 2020 | |||
| Term | Rates as low as | Maximum LTV | Lien Position |
| Up to 7 Years | 2.99% | 80% | 1st |
| Up to 7 Years | 3.24% | 80% | 2nd |
| 10 Years | 3.74% | 80% | 1st |
| 10 Years | 4.24% | 80% | 2nd |
| 15 Years | 3.99% | 80% | 1st |
| 15 Years | 4.49% | 80% | 2nd |
| 20 Years | 4.24% | 80% | 1st |
| 20 Years | 4.74% | 80% | 2nd |
Rates are not risk-based; all members will get the same low rate based on the loan to value of their home and LOC's lien position. Minimum amount to borrow is $5,000; maximum amount is $300,000. | |||
Example: A loan amount of $75,000 with a rate as low as 2.99% for 60 months would have an approximate monthly payment of $1,350.01 APR = Annual Percentage Rate
| |||
| Home Equity Loans - Second Home | |||
| Effective Date: Wednesday, September 23rd, 2020 | |||
| Term | Rates As Low As | Minimum or Maximum | Maximum LTV |
| Second / Vacation Home | |||
| Up to 10 Years | 4.99% | $5,000 Min/$35,000 Max | 70% |