ALL LOANS SUBJECT TO CREDIT APPROVAL. RATE IS BASED ON CREDITWORTHINESS AND OTHER FACTORS, AND MAY BE HIGHER THAN THE RATE SHOWN. RATES AND TERMS SUBJECT TO CHANGE WITHOUT NOTICE.
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 16.00% 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 1/1/2019; subject to change without notice. Other conditions and restrictions apply; call for details.
Home Equity Loan
|Term||Fixed Rate*||Annual Percentage Rate (APR)|
|10 Years||As low as 5.250%||As low as 5.367%|
|15 Years||As low as 5.500%||As low as 5.583%|
|20 Years||As low as 6.250%||As low as 6.318%|
|30 Years||As low as 6.375%||As low as 6.426%|
*Your rate may be higher depending on your credit score.
Equity loans are available for owner-occupied single-family, townhomes, condominiums (subject to additional restrictions) and 2-unit properties (1 unit must be owner occupied). The lowest rates as shown require (a) $20,000 minimum loan amount, (b) 75% or lower loan to value (LTV)/combined loan to value (CLTV) ratio, and (c) a minimum credit score of 760. Fees to establish an equity loan typically range from $680 - $1,185. On purchase transactions, fees are waived on home equity loan when combined with a KeyPoint 1st mortgage ("Combo"). Equity loans are subject to an Automated Valuation Model including a property drive-by ("AVM") indicating an acceptable confidence score of 80 or higher. Should the AVM indicate an unacceptable confidence score or otherwise be unacceptable to an Underwriter, the member can choose to pay for a full appraisal. Loan amounts above $250,000 and/or above 75% LTV/CLTV require a full appraisal instead of an AVM. The fee for a full appraisal typically ranges from $525 - $750. An appraisal may be subject to additional fees for certain property characteristics, including but not limited to, acreage, large home size, waterfront and/or additional amenities. All loans subject to credit approval. Rates and terms subject to change without notice.