Home Equity Line of Credit
|Introductory Period for Fixed Rate*||Initial Fixed Rate||Annual Percentage Rate (APR)|
|12 Months||As low as 3.75%||As low as 3.75%|
|3 Years||As low as 5.25%||As low as 5.25%|
*Featured Home Equity Line has introductory APRs from 3.75% to 5.25% and current indexed APRs from 5.50% to 5.75% depending on credit history, opening advance, credit limit, payment method, loan-to-value (LTV) ratio and other factors we may lawfully consider. APR is subject to increase at end of introductory fixed-rate period; lifetime maximum variable APR is 16.00%. Available on owner-occupied 1-2 unit residential property only. No annual fee. Costs to open a home equity line of credit range from $650 to $1,000 for line amounts between $25,000 and $250,000. For line amounts greater than $250,000 up to $500,000 costs generally range from $1,000 to $1,700 depending on credit limit, loan to value ratio, and availability of full appraisal alternatives. Certain property types (e.g., waterfront, large homes, non-standard amenities) may be subject to higher appraisal costs. Advertised terms available as of 2/12/2019; subject to change without notice. Other conditions and restrictions apply; call for details.
**Must submit a completed HELOC application by May 31st. HELOC must close by June 30th Applicable to lender’s loan origination fee, appraisal fee, appraisal review fee, credit report, tax service, flood certification, title fees (escrow fee, sub-escrow fee, owner and lender title insurance, Notary, CA Affordable Housing, recording service fee) and county recording fee for Lender’s Deed of Trust. KeyPoint will give a lender credit at closing for 50% of the total of these fees. Not applicable to per-diem interest, other county recording fees or title fees, home owner association fees, wire transfer fees or any other fee not associated with the loan transaction. Minimum draw at closing is $25,000.