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Glossary of Terms
   
   Home Equity Rates 
 
APR as of January 06, 2009
 

 Home Equity Lines of Credit (Variable Rate)

Loan To ValueIndexMarginCurrent Home Equity APR*
Up to 75%Prime Rate-0.25% to 1.50%3.000% to 4.750%
75.01% to 80%Prime Rate-0.25% to 1.50%3.000% to 4.750%
80.01% to 90%Prime Rate0.50% to 1.50%3.750% to 4.750%
90.01% to 100%Prime Rate1.50% to 3.50%4.750% to 6.750%


APR is variable and based on an increase or decrease in the Prime Rate (as published in the Federal Reserve Bank in Statistical Release H.15) 45 days prior to the adjustment date plus a margin, which is based on loan-to-value and borrower's credit score at time of origination.

 Home Equity Loans (Fixed Rate)

Loan To ValueRate **Current Home Equity APR*
Up to 75%5.750% to 7.250%5.750% to 7.250%
75.01% to 80%5.750% to 7.250%5.750% to 7.250%
81.01% to 90%6.250% to 7.250%6.250% to 7.250%
90.01% to 100%7.250% to 9.250%7.250% to 9.250%


Rate is fixed for the term of the loan. Actual rate is based on the loan-to-value and the borrower's credit score at the time of origination.

Home Equity Loans in TX available up to 80%  LTV Maximum.

 

 Home Equity Loans and Lines of Credit

Loan To ValueMaximum Loan Amount
Up to 75%Up to $500,000
75.01% to 80%Up to $150,000
80.01% to 90%Up to $100,000
90.01% to 100%Up to $50,000
 
Rates Subject to Change Without Notice. To lock-in a rate or to confirm current rates please contact a Real Estate Loan Officer at 888-334-5120.

Maximum loan amount is based on property value (Loan-to-value) and the borrower's credit criteria.


HELOC Disclosures                  Texas HELOC Disclosures