Home Equity Line of Credit Rates

As of April 26, 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*

*The Rate shown is the Initial Rate which is the current Prime Rate 4.750% plus a Margin of .250% = 5.000%.
Maximum Rate for the life of the loan: 11.250%
Minimum Rate for the life of the loan: 5.000%
Borrower is responsible for all closing costs. 1st Lien or 2nd Lien Position.

Fixed Rate Home Equity Line of Credit*


*Borrower is responsible for all closing costs. 1st Lien or 2nd Lien Position.


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.


*Borrower is responsible for all closing costs. 1st Lien position only.


Jumbo Variable Home Equity Line of Credit Rates*

*The Rate shown is the Initial Rate which is the current Prime Rate 4.750% plus a Margin of .250% = 5.000%
Maximum Rate for the life of the loan: 11.250%
Minimum Rate for the life of the loan: 5.000%
Borrower is responsible for all closing costs. 1st Lien position only.
 

Home Equity Lines of Credit (“HELOC”):
All loan products are subject to credit and property approval.  All mortgage loans are originated by Cross County Savings Bank.
The annual percentage rate (APR) is the annual rate charged for borrowing, and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.
The Index is the Prime Rate as published in The Wall Street Journal. The Prime Rate may change at any time without notice.
The Initial Rate will be in effect for the first billing cycle. Thereafter, the rate will change monthly based upon the Index and a margin of 0.250%.
The APR will not exceed 6.25% above the Initial Rate or go below the Initial Rate.
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 as collateral.
Property insurance is always required. Flood insurance may be required, when 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.
The borrower is responsible to pay all closing costs.
All JUMBO HELOC loans must be secured by a 1st position lien only.