Home Equity

• Competitive interest rates
  
• Minimum payments accrued interest only
  
• Low annual fee
  
• Checks for easy access to funds

For customers who want flexibility and convenience in a revolving line of credit. Suggested uses include: autos, recreational vehicles, boats, travel trailers, vacation, wedding, remodel or home improvements, bill consolidation. This can be used on Primary Residence only. Not Intended for business or student loan purpose.

• Maximum Loan to Value: Up to 80%
• Minimum: $10,000
• Terms: 10-year draw period followed by a 20-year amortized repayment period
• Minimum Payment: Interest only during the 10-year draw period. Minimum monthly payment will be fully amortized during the 20-year repayment period.
  
• Annual Fee: $50, waived with automatic monthly payment from any Riverview Account
  
• Termination Fee: $400 - for lines closed in the first 3 years
  
• Closing Credit: Up to $400 credit towards closing costs

For customers who want the long-term security of a fixed rate and payments along with the tax advantages of a home equity loan. Suggested uses include: autos, recreational vehicles, boats, travel trailers, vacation, wedding, remodel or home improvements, bill consolidation. This can be use on both Primary Residences or Second homes.

• Maximum Loan to Value: Up to 80%
• Minimum: $10,000
• Terms: Up to 15-years
• Minimum Payment: Amortized
• Annual Fee: None
• Origination Fee: $500
  
• Fees: Typical closing fees

Please include the following items when submitting your completed application: verification of your earnings, current tax assessment, evidence of your homeowners insurance, and picture identification.