Fixed Rate Home Equity Loans (80% CLTV)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| 5 year fixed rate | 6.25% | $19.45 (60 mo.) |
| 10 year fixed rate | 6.50% | $11.35 (120 mo.) |
| 15 year fixed rate | 6.75% | $ 8.85 (180 mo.) |
| 20 year fixed rate | 7.00% | $7.75 (240 mo.) |
Fixed-Rate Home Equity Loan
- *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
- Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
Fixed Rate Home Equity Loans (100% CLTV)
| Product/Terms | APR* | Payment Per $1,000 Borrowed |
|---|---|---|
| 5 year fixed rate | 7.25% | $19.92 (60 mo.) |
| 10 year fixed rate | 7.50% | $11.87 (120 mo.) |
| 15 year fixed rate | 7.75% | $9.41 (180 mo.) |
| 20 year fixed rate | 8.00% | $8.36 (240 mo.) |
Fixed-Rate Home Equity Loan
- *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
- Borrow between 80.01% – 100% of the equity in your home. Minimum loan amount $10,000.
- Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone
Home Equity Line of Credit (80% CLTV)
| Product/Terms | APR* | Amortization Type / Term |
|---|---|---|
| Special Introductory Rate | 3.99% | Fixed** / 12-month |
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**Special Introductory Rate fixed for the first 12 months, then becomes a variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS 0.50%, not to go below 3% (floor rate). The current Prime Rate is 8.50%.
Home Equity Line of Credit (variable rate)
- Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
- Available on 1–4 family owner occupied properties
- Property and casualty insurance required. Flood insurance required if property in flood zone
- 10 Year Draw Period, 10 Year Repayment Period.
Home Equity Line of Credit (100% CLTV)
| Product/Terms | APR* | Amortization Type / Term |
|---|---|---|
| Special Introductory Rate | 4.99% | Fixed** / 12-month |
*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
**Special Introductory Rate fixed for the first 12 months, then becomes a variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS 0.50%, not to go below 4% (floor rate). The current Prime Rate is 8.50%.
Home Equity Line of Credit (variable rate)
- Borrow between to 80.01% – 100% of the equity in your home. Minimum loan amount $10,000.
- Available on 1–2 family owner-occupied properties.
- Property and casualty insurance required. Flood insurance required if property in flood zone.
- 10 Year Draw Period, 10 Year Repayment Period.
For additional information, please call 413-739-6961 or email mortgage@freedom.coop