Rates are current as of October 28, 2008
(Subject to change)
For a printable version, click here.
Variable Rate Loan Product
 |
 |
 |
 |
720+ |
Prime -0.50% |
4.00% |
Prime +0.50% |
5.00% |
Prime +1.50% |
6.00% |
680-719 |
Prime |
4.50% |
Prime +1.00% |
5.50% |
Prime +2.00% |
6.50% |
640-679 |
Prime +1.00% |
5.50% |
Prime +2.00% |
6.50% |
Prime +3.00% |
7.50% |
600-639 |
Prime +2.00% |
6.50% |
Prime +3.00% |
7.50% |
Prime +4.00% |
8.50% |
550-599 |
Prime +3.00% |
7.50% |
Prime +4.00% |
8.50% |
Prime +5.00% |
9.50% |
549 or less |
Prime +4.00% |
8.50% |
Prime +5.00% |
9.50% |
Prime +6.00% |
10.50% |
Maximum amount |
$200,000 |
$100,000 |
$75,000 |
Floor |
The floor is 4.00% |
First Draw |
First draw amount is a minimum of $1,000 |
Draw period |
Ten year draw period with a ten year repayment |
Maximum APR for a variable rate loan: 18%
Rates above reflect the annual percentage rate
Your rate is based on your loan to value and credit history
Closing costs are waived provided the loan is maintained for a minimum of 2 years
Closing costs can range from $200.00 to $500.00
No prepayment penalty |
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|
|
|
720+ |
5.75% |
6.75% |
7.75% |
680-719 |
6.25% |
7.25% |
8.25% |
640-679 |
7.25% |
8.25% |
9.25% |
600-639 |
8.25% |
9.25% |
10.25% |
549 or less |
10.25% |
11.25% |
12.25% |
Maximum Amount |
$200,000 |
$100,000 |
$75,000 |
The floor is the prime rate
Rates above reflect the annual percentage rate
Your rate is based on loan to value and credit history
|
Loan Terms:
Less than $5,000 - Up to 60 months
$5,000 - $14,999 - Up to 120 months
Greater than $15,000 - Up to 180 months
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