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 90%
• Minimum: $10,000
• Terms: 10-year draw period followed by a 20-year repayment period
• Minimum Payment: Interest only during draw period 10 years. Repayment period 20 years with fixed rate.
  
• Annual Fee: $50, waived the first year
  
• Termination Fee: $500 - for lines closed in the first 3 years
  
• Loan Fee: $0 for loans under $100,000 - except appraisal and or escrow fees if needed, Over $100,000 - Title and/or escrow Fee, Credit Report Fee, Recording Fees, Tax Service Fee, Flood Tracking Fee, etc.

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.