Home Equity Visa Rates
Effective Date: November 25, 2008
5.00% APR* - 80% Loan to Value of your home
Based on the prime rate
5.50% APR* - 90% Loan to Value of your home
Based on the prime rate plus 1%
(with a minimum of $20,000 in equity)
7.50% APR* - 70% Loan to Value of your home
Based on the prime rate plus 3% for Non - Owner Occupied Properties
Program Details:
- Minimum credit line of $5,000
- Maximum credit line of $50,000
- Property value will be established using a real estate tax statement in most cases
- Home Equity Line of Credit rates are variable and subject to change
- All Home Equity rates are based on the loan to value of the property
- No application fees, no closing costs, no prepayment
- Some restrictions may apply
Not sure what your home is worth or how much equity you might have available? This FREE service estimates your homes value instantly!
*APR=Annual Percentage Rate tied to the Prime Rate. Prime Rate is subject to adjustment each month based on the Prime Rate published in the Wall Street Journal. Rates, APRs, terms, and conditions subject to change without notice. The maximum interest rate through term of loan is 18%, minimum 7%. Other restrictions may apply. Prime plus 0% for the remaining life of the loan when members borrow at a Loan to Value (LTV) of 80%. Loans at 90% LTV offer a rate of Prime plus 1%. Loans at 70% LTV offer a rate of Prime plus 3%. The line carries an open-end term up to 20 years. Limited to one to four family units. Property must be located in the state of Washington. Mobile homes excluded. Flood/Hazard certificate and property insurance required. There is no prepayment penalty associated with the home equity line of credit. No up-front fees. Cancellation fees may apply if you cancel the application after title has been ordered (title fee ranges $95 - $150). Appraisal may be made if requested by borrower or as a condition of the loan in order to obtain maximum amount requested. Appraisal cost ($255 - $325) will be paid by borrower.
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