Equity Rates
HOME EQUITY LINES OF CREDIT (HELOCS)
| Minimum Draw of $15,000. Minimum Line Amount $25000. APRs are based on a loan amount of $100000. | Loan | Max Amount | Year in Years | Max CLTV | APR | Margin | Payment per $1,000 | Disclaimers |
|---|---|---|---|---|---|---|---|---|
| Prime Plus HELOC | $ 200,000 | 10/15 | 70% | 6.25% | 0.75% | $5.21 | GG, HH, II, SSS, TT | |
| Relationship HELOC Requires existing Stand Bank Onlinefirst mortgage, direct deposit of payroll, or other qualifying account or product. Call for details. | $ 200,000 | 10/15 | 70% | 6% | 0.5% | $5 | GG, HH, II, SSS, TT | |
| 5-Year Fixed Prime Plus HELOC | $ 200,000 | 5/5/15 | 70% | 6.5% | 1% | $5.42 | GG, HH, II, SSS, TT | |
| 5-Year Fixed Relationship HELOC Requires existing Stand Bank Onlinefirst mortgage, direct deposit of payroll, or other qualifying account or product. Call for details. | $ 200,000 | 5/5/15 | 70% | 6.25% | 0.75% | $5.21 | GG, HH, II, SSS, TT |
- GG) Applicable to all equity loans and lines: Stand Bank Onlinewill pay for title insurance, asset valuation (AVM), recording fees, credit report and flood certification on new lines of credit up to $200,000. Closing costs may be required for loans that require special handling, or rural properties. Subject to credit approval. Adequate property insurance required (may include flood insurance). Products rates and terms subject to change without notice. Stand Bank Online NMLS #412725.
- HH) On lines of credit, figures separated by slashes are number of years. The first figure(s) is the initial draw period with interest-only payments. If three figures are present (i.e. for the 5-Year Fixed lines), the first is the initial fixed-rate draw period, and the second is the adjustable-rate draw period that follows that (both periods with interest-only payments). The last figure is fully amortized re-payment period with no further line advances available. $100 annual fee.
- II) CLTV = Combined Loan to Value ratio. This includes first mortgages and all subordinate liens. 70% CLTV is available in Provident-defined market areas only. Consult your Mortgage Consultant for appraisal fees and other restrictions.
- SSS) APR = Annual Percentage Rate. Subject to change without notice. Rates quoted are effective on date of publication. When rate and APR are not the same, the APR appears in parentheses.
- TT) Payment per $1,000 balance is based on the interest rate listed for the amortization term listed, and is rounded to the nearest cent.
CLOSED END EQUITY LOANS (SECOND MORTGAGES)
| APRs are based on a loan amount of $100000. | Loan | Min Amount | Max Amount | Term in Years | Max CLTV | APR | Margin | Payment per $1,000 | Disclaimers |
|---|---|---|---|---|---|---|---|---|---|
| 5-Year Fixed Maximizer | $ 25,000 | $ 200,000 | 5 | 70% | 5.875% | 0% | $19.27 | GG, HH, II, SSS, TT | |
| 10-Year Fixed | $ 25,000 | $ 200,000 | 10 | 70% | 6.625% | 0% | $11.42 | GG, HH, II, SSS, TT | |
| 15-Year Fixed | $ 50,000 | $ 200,000 | 15 | 70% | 6.625% | 0% | $8.78 | GG, HH, II, SSS, TT | |
| 20-Year Fixed | $ 75,000 | $ 200,000 | 20 | 70% | 6.75% | 0% | $7.6 | GG, HH, II, SSS, TT |
- GG) Applicable to all equity loans and lines: Stand Bank Onlinewill pay for title insurance, asset valuation (AVM), recording fees, credit report and flood certification on new lines of credit up to $200,000. Closing costs may be required for loans that require special handling, or rural properties. Subject to credit approval. Adequate property insurance required (may include flood insurance). Products rates and terms subject to change without notice. Stand Bank Online NMLS #412725.
- HH) On lines of credit, figures separated by slashes are number of years. The first figure(s) is the initial draw period with interest-only payments. If three figures are present (i.e. for the 5-Year Fixed lines), the first is the initial fixed-rate draw period, and the second is the adjustable-rate draw period that follows that (both periods with interest-only payments). The last figure is fully amortized re-payment period with no further line advances available. $100 annual fee.
- II) CLTV = Combined Loan to Value ratio. This includes first mortgages and all subordinate liens. 70% CLTV is available in Provident-defined market areas only. Consult your Mortgage Consultant for appraisal fees and other restrictions.
- SSS) APR = Annual Percentage Rate. Subject to change without notice. Rates quoted are effective on date of publication. When rate and APR are not the same, the APR appears in parentheses.
- TT) Payment per $1,000 balance is based on the interest rate listed for the amortization term listed, and is rounded to the nearest cent.
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