Tools Resources

Second Mortgages Rates

Effective APRIL 11, 2014

SECOND MORTGAGE LOANS
Loan Product/Term
Loan Amount
(range)
Annual
Percentage Rate
Payment Examples
(per $100,000 borrowed)
5-Year Fixed $15,000 to $500,000 5.99% $1,932.82
10-Year Fixed $15,000 to $500,000 6.25% $1,122.80
15-Year Fixed $15,000 to $500,000 6.50% $871.11
20-Year Fixed $15,000 to $500,000 6.75% $760.36
30 Due in 15
(fixed with balloon)
$15,000 to $500,000 7.50% $699.21

VARIABLE RATE HOME EQUITY LINES OF CREDIT
Loan Product/Term
Loan Amount
(range)
CLTV up to 75% Payment Example
(per $100,000 borrowed)
Adjustable, 10-year draw period;
15-year repayment period
$15,000 to $500,000 Prime Rate + 0.50%
(minimum is 5% APR)
$790.79
Fixed, 5-year draw period;
15-year repayment period
(fixed for 5-yr. draw period only)
$15,000 to $500,000 5.99% APR $843.32

Additional Terms

Property Types
(Certain LTVs and other restrictions may apply)

  • 1-4 Unit Properties
  • Second Homes (1 unit only)
  • Condominiums
  • PUDs (attached or detached)

Rate Adjustments
Add .75% for non-owner-occupied properties

Loan-to-Value (LTV)

  • Up to 75% combined LTV on HELOCs and Seconds

Fees
$500 closing fee
$100 post-close loan modification

Early Closure Fee
There is none

(Note: other terms, ratios and requirements may be applicable)

*APR = Annual Percentage Rate. APR

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