Home Equity & Home Improvement Loan Rates (Effective: 03-16-13)
Begin your loan application today with Veridian!
|
HOME EQUITY LOANS |
APR
as low as* |
Loyalty APR
as low as° |
| 5 Year Fixed Home Equity1
(Line of Credit) |
3.50% APR |
3.25% APR |
| Open-End Home Equity2
(Line of Credit) |
4.00% Variable APR |
N/A |
| Closed-End Home Equity3
(Second Mortgage Loans) |
|
|
| 3-year Balloon |
3.25% APR |
3.00% APR |
| 5-year Balloon |
3.50% APR |
3.25% APR |
| 7-year Balloon |
4.50% APR |
4.25% APR |
| 10-year Balloon |
4.75% APR |
4.50% APR |
| SPECIAL! 10-year Fixed4 |
3.49% APR |
3.24% APR |
| HOME IMPROVEMENT LOANS |
APR
as low as* |
Loyalty APR
as low as° |
| Without Veridian Mortgage (maximum $7500) |
|
|
| 36 months |
8.00% APR |
7.75% APR |
| 48 months |
9.00% APR |
8.75% APR |
| 60 months |
10.00% APR |
9.75% APR |
| With Veridian Mortgage |
|
|
| 3-year Balloon |
5.25% APR |
5.00% APR |
| 5-year Balloon |
5.50% APR |
5.25% APR |
| 7-year Balloon |
6.50% APR |
6.25% APR |
| 10-year Balloon |
6.75% APR |
6.50% APR |
* - Annual Percentage Rate based on credit score. Rates subject to change.
° - Annual Percentage Rate based on credit score. Includes .25% APR Loyalty Discount for registering for direct deposit and automatic payments.
1 - Rate is fixed for first 5 years of the plan, after the 5 year term expires the rate is variable, maximum APR is 21%. Monthly payments are 1% of the balance. Add 2.0% to interest rate for home equity loans with loan-to-value ratios over 85%, maximum 100%. For a a $30,000 5 year fixed HELOC at 3.25% APR the monthly payment will be $300. Appraisal fees may apply.
2 - Add 2.0% to interest rate for home equity loans with loan-to-value ratios over 85% (maximum loan-to-value 100%). Maximum interest rate 21%. Monthly payments are 1% of balance. For a $30,000 home equity line of credit balance at 4.00% APR, the monthly payment will be $300. Appraisal fees may apply.
3 - Balloon loans may be amortized up to 15 years. Add 2.0% to interest rate for home equity loans with loan-to-value ratios over 85% (maximum loan-to-value 100%). For a $30,000 home equity loan with a 3-year balloon amortized for 15 years at 3.00% APR, the monthly payment for the first three years will be $208 and the balloon payment will be $21,662. Appraisal fees may apply.
4 - Amortization period of 10 years. Add 2.0% to interest rate for home equity loans with loan-to-value ratios over 85% (maximum loan-to-value 100%). For a $30,000 Home Equity Special amortized for 120 months and a 3.49% APR, the monthly payment will be $297.
|
| For more information please call (800) 235-3228 or (319) 236-5600 |
