Home Equity Line Of Credit Rates 

Calculate Loan Rates

Home Equity Line of Credit | Variable Rate

Product

Interest Rate

APR*

Payment per $1,000

Additional Info

15/15

6.750%

6.750%

Varies

Rate will be 1.000% below Prime** for the life of the loan. Floor is 5.000%. 15 year draw period  / 15 year repayment period.

10/15 

7.250%

7.250%

Varies

Rate will be 0.50% below Prime** for the life of the loan. Floor is the start rate. 10 year draw period / 15 year repayment period.

5/15

7.500%

7.500%

Varies

Rate will be 0.25% below Prime** for the life of the loan. Floor is the start rate. Interest only for 5 years.  Repayment after interest-only period is 15 years. No principal payment required until month 61.

10/10
7.750%

7.750%

Varies

Rate will be Prime** for the life of the loan. Floor is the start rate. 10 year draw period / 10 year repayment period. 

15/15 Inv

8.250%

8.250%

Varies


1-2 Family Investment Properties; Rate will be 0.50% above Prime** for the life of the loan. Floor is the start rate. 15 year draw period / 15 year repayment period.

First & Second Lien – 1-4 Family (Owner Occupied) Maximum LTV - 80% up to $750,000; 75% for $750,001-$2,000,000; 70% for above $2,000,000
Maximum LTV's for Condos, Planned Unit Developments and Townhouses will be reduced by 5%
*APR= Annual Percentage Rate.
**Based on New York Prime Rate as published in the Wall Street Journal.

 

 

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