Loan rates are subject to change daily. APR means Annual Percentage Rate. There are NO LOAN APPLICATION FEES, except for real estate secured loans. Member Advantage Warranty available for most vehicle loans at member option and cost. Number of monthly payments is not predictable for variable rate loans. See Truth in Lending Disclosure addendum in your loan packet for payment calculation method.
Home equity loan fees are waived if the initial advance is $10,000 or greater and a balance remains on the books for at least 12 months. LOAN TO VALUE amount will be based on credit qualification.
Variable Rate Changes: The annual percentage rate can change on the first day of each
month. There is no limit on the amount by which the annual
percentage rate can change during any one year period. The
maximum ANNUAL PERCENTAGE RATE that can apply is 15% or
the maximum permitted by law, whichever is less.
Summary of Service Charges & Fees (subject to change):
Home Equity
Service Charges:
- Recording Fee
- Flood Zone Determination Fee
- Title Search (if applicable)
- Appraisal Fee (if applicable)
- No Closing Cost if initial advance or loan is $10,000 or more and a balance is maintained for 12 months
Features:
- Fixed interest rate (see rates)
- Terms up to 20 years (primary residence or second home)
- Simple interest loan
- No prepayment penalty
- Loan up to 100% LTV of appraisal or tax value
- No application or annual fee
- No points
E-Z Home Equity
Service Charges:
- Recording fee
- Flood zone determination fee
- No closing cost if initial advance or loan is $10,000 or more and a balance is maintained for 12 months
Features:
- Fixed interest rate (see rates)
- Terms up to 10 years
- Simple interest loan
- No prepayment penalty
- Loan up to 100% of Property Value Estimate, $50,000 maximum
- No application or annual fee
- No points
Home Equity Line-of-Credit (HELOC)
Service Charges:
- Recording fee
- Flood zone determination fee
- Title search (if applicable)
- Appraisal fee (if applicable)
- No closing cost if initial advance or loan is $10,000 or more and a balance is maintained for 12 months
Features:
- Variable interest rate now featuring Prime Minus One (see rates)
- Simple interest loan
- No prepayment penalty
- LOC up to 100% of property value
- No application or annual fee
- No points
- Check and Visa access (no annual fee Visa Gold, upon qualification)
Home Improvement
Service Charges:
- No closing cost unless appraisal required or loan exceeds $25,000
- Title Search
- Appraisal fee (if applicable)
- No closing cost if initial advance or loan is $10,000 or more and a balance is maintained for 12 months
Features:
- Fixed interest rate (see rates)
- Terms up to 10 years
- Simple interest loan
- No prepayment penalty
- No points
Rental Property
Service Charges:
- Recording fee
- Flood zone determination fee
- Title search (if applicable)
- Appraisal fee
Features:
- Fixed interest rate (see rates)
- Terms up to 12 years
- Simple interest loan
- No prepayment penalty
- Loan up to 80% loan-to-value (LTV)
Property
Service Charges:
- Closing costs
- Title search
- Appraisal fee
- Survey fee (if applicable)
- Attorney’s fee (purchase only)
Features:
- Fixed interest rate (see rates)
- Five-year balloon/15 year amortization (purchase only)
- Terms up to 12 years
- Simple interest loan
- No prepayment penalty
- Loan up to 90% of loan-to-value (LTV)
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