Home Equity Line Of Credit Rates 

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Home Equity Line of Credit | Variable Rate

Product

Interest Rate

APR*

Payment per $1,000

Additional Info

15/15

7.500%

7.500%

Varies

Rate will be 1.000% below Prime** for the life of the loan. Floor is 5.000%. 15 year draw/repayment period, followed by 15 year repayment period.

10/15 

8.000%

8.000%

Varies

Rate will be 0.50% below Prime** for the life of the loan. Floor is the start rate. 10 year draw/repayment period, followed by 15 year repayment period.

5/15

8.250%

8.250%

Varies

Rate will be 0.25% below Prime** for the life of the loan. Floor is the start rate. 5 year interest only draw period, followed by a 15 year principal and interest repayment period.

10/10
8.500%

8.500%

Varies

Rate will be Prime** for the life of the loan. Floor is the start rate. 10 year draw period, followed by 10 year repayment period. 

15/15 Inv

9.000%

9.000%

Varies


1-2 Family Investment Properties; Rate will be 0.50% above Prime** for the life of the loan. Floor is the start rate. 15 year draw/repayment period, followed by 15 year repayment period.

First Lien - 1-4 Family (Owner Occupied) Maximum LTV - 80% up to $750,000; 75% for $750,001-$2,000,000; 70% for $2,000,000 and up
Second Lien - 1-4 Family (Owner Occupied) Maximum CLTV - 75% up to $750,000; 70% for $750,001-$2,000,000; 65% for $2,000,000 and up
Maximum LTV's for Condos, Planned Unit Developments and Townhouses will be reduced by 5%
*APR= Annual Percentage Rate.
**Based on New York Prime Rate as published in the Wall Street Journal.

 

 

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