Home Equity & Home Improvement
These rates are effective September 24, 2020 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 | 3.45% | 3.20% | $451 |
| 10 and Done Fixed Home Equity⫧ | 3.24% | 2.99% | $241 |
| 10 Year (120 mos.) Fixed Home Equity | 4.10% | 3.85% | $251 |
| 15 Year (180 mos.) Fixed Home Equity | 4.60% | 4.35% | $189 |
| 20 Year (240 mos.) Fixed Home Equity | 5.30% | 5.05% | $166 |
Monthly payment example based on loan amount of $25,000.
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) | 3.35% | 3.10% |
| 10 Year (120 mos.) Fixed Home Equity (Line of Credit) | 4.00% | 3.75% |
Maximum APR is 21%. Add 1.0-2.5% 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. For a $25,000 Home Equity Line of Credit balance at 3.10% 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.) | 5.70% | 5.45% | $476 |
| 10 Year (120 mos.) | 5.85% | 5.60% | $272 |
| 15 Year (180 mos.) | 6.00% | 5.75% | $207 |
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.
* APR = Annual Percentage Rate. Rates, terms and conditions subject to change and may vary based on qualifications including creditworthiness, loan-to-value ratio and collateral conditions. All loans subject to approval.
° Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. See Veridian for details.
⫧ Payment example does not include taxes or insurance. Loan must be in first lien position.