Home Equity Line of Credit Rates
As of February 22, 2018
The Home Equity Line of Credit rates listed below are for Owner Occupied and Non-Owner Occupied One to Four Family Homes.
Not all rates are posted. Please contact our mortgage professionals for additional information.
Variable Rate Home Equity Line of Credit
Fixed Rate Home Equity Line of Credit
Jumbo Home Equity Line of Credit Rates
The Jumbo Home Equity Line of Credit rates listed below are for Owner Occupied and Non-Owner Occupied One to Four Family Homes.
Jumbo Variable Home Equity Line of Credit Rates
Wall Street Journal Prime Rate
Home Equity Lines of Credit (“HELOC”):
Variable APR is based on The Wall Street Journal Prime Rate (“Prime”) plus a margin of 0.00%, and will vary with Prime. Your APR will not exceed 6.25% above Prime at the time the application was submitted or go below Prime at the time the application was submitted. Prime may change at any time and is subject to change without notice.
HELOC loans secured by a one to four family property are subject to a maximum 70% combined loan-to-value (“CLTV”).
Cross County Savings Bank offers HELOC terms of 10, 15, or 20 years, each with a 5 year draw period.
Certain property types are not eligible collateral.
Property insurance is always required and flood insurance is required where necessary.
The minimum monthly payment will be variable and in an amount sufficient to repay the outstanding balance in principal and interest payments over the remaining term at the applicable APR.
The maximum line amount is $208,500.00 for a HELOC loan and $500,000.00 for a JUMBO HELOC loan.
Cross County Savings Bank pays all closing costs on HELOC loans up to and including $208,500.00, except for a $500.00 application fee. The borrower is responsible to pay all closing costs for JUMBO HELOC loans. All JUMBO HELOC loans must be secured by a 1st position lien only. If you terminate your HELOC within 36 months of opening it, you will be required to reimburse Cross County Savings Bank for any mortgage and government taxes, recording fees, title/search fees, and any closing agent or attorney fees Cross County Savings Bank paid on your behalf.