Home Equity & Home Improvement – Rates and Fees – Lending - Veridian

Rates

Home Equity & Home Improvement

These rates are effective October 1 2018 7:00AM.

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Home Equity Fixed

Name APR as low as* Loyalty APR as low as° Payment*
5 Year (60 mos.) Fixed Home Equity 4.35% 4.10% $462
10 and Done Fixed Home Equity 4.34% 4.09% $254
10 Year (120 mos.) Fixed Home Equity2 4.85% 4.60% $260
15 Year (180 mos.) Fixed Home Equity 5.35% 5.10% $199
20 Year (240 mos.) Fixed Home Equity 5.85% 5.60% $173

Monthly payment example based on loan amount of $25,000. Appraisal fees may apply.

Home Equity Line of Credit (HELOC)

Lines of credit have a 25-year term with a fixed rate for the first 5 or 10 years and a variable rate after.

Name APR as low as* Loyalty APR as low as°
5 Year (60 mos.) Fixed Home Equity (Line of Credit) 4.25% 4.00%
10 Year (120 mos.) Fixed Home Equity (Line of Credit) 4.75% 4.50%

Maximum APR is 21%. Add 2.0-2.5% to interest rate for loans with loan-to-value ratio over 80%. The required minimum payment of $50 or 1% of loan balance, whichever is greater, may not reduce principal. Appraisal fees may apply. For a $25,000 Home Equity Line of Credit balance at 4.00% APR, the monthly payment will be $250.

Home Improvement Loans

Secured with your home

Finance up to 133% of your home's value, up to $250,000.

Name APR as low as* Loyalty APR as low as° Payment*
5 Year (60 mos.) 6.85% 6.60% $490
10 Year (120 mos.) 7.10% 6.85% $288
15 Year (180 mos.) 7.35% 7.10% $226

Unsecured

Level I ($2,000 - $10,000) APR as low as* Loyalty APR as low as° Payment*
5 Year (60 mos.) 8.00% 7.75% $504
10 Year (120 mos.) 8.50% 8.25% $307
Level II ($10,001 - $25,000) APR as low as* Loyalty APR as low as° Payment*
5 Year (60 mos.) 7.50% 7.25% $498
10 Year (120 mos.) 8.00% 7.75% $300
15 Year (180 mos.) 8.50% 8.25% $243

Monthly payment example based on loan amount of $25,000. Appraisal fees may apply. 

* APR = Annual Percentage Rate. Loan rates shown as APR, expressed "as low as" and determined by credit score (except home equity loans). Loans subject to credit approval. Rates, terms and conditions subject to change without notice and may vary based on creditworthiness, qualifications and collateral conditions. Monthly payment example based on loan amount of $25,000.
° Includes Loyalty Discount of 0.25% APR when enrolled in direct deposit of net income and automatic loan payments using a Veridian account. Borrowers will lose Loyalty Discount if they fail to meet qualifications during loan term.
 

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