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Equity Loan Rates
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Effective as of 05/17/2012
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(APR defined as Annual Percentage Rate; is subject to change without notice. Customers must live within our Lending
Area to qualify.)
Equity Line of Credit
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Category |
Rate |
Max. Term |
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Prime minus .25% for Life, monthly adjustable tied to WSJ Prime, |
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an interest only required payment during the Draw period, then a 10 YR Repayment Period of P & I pay'ts. |
HELOC up to $100,000 |
3.25%* APR |
25 Years |
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HELOC up to $100,001 to $250,000 |
3.25%* APR |
20 Years |
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Single family dwellings 75% max LTV; Condos 50% max LTV. |
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Annual Maintenance Fee $25; fee waived if disbursed balance on Line anniversary is over $10,000. If the Line is closed within the first 2 years, a $500 termination fee will be charged. |
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Maximum APR 18%, Minimum APR 3.25%. Properties held in Trust will have approx. $176 additional closing costs. Property insurance is required. Also, a Foxfed Checking acct. and an automatic loan payment are required. |
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No Cost Fixed Equity Loans
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Rate |
Max. Term |
**Cost per $1000 |
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Min. Loan Amt. $30,000 |
4.99% APR |
10 Years |
10.60 |
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Min. Loan Amt. $50,000 |
5.25% APR |
15 Years |
8.04 |
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Min. Loan Amt. $50,000 |
5.75% APR |
20 Years |
7.02 |
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No Points/No Closing costs*, Requires automatic loan payment from a Foxfed Checking account . Single family owner occupied properties only. Maximum LTV 75%. *Appraisal and/or recording fees may apply. |
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Property held in a Trust will have some closing costs approx. $176. Prepayment Penalty. Property insurance is required. |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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Fixed Equity Loans
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Rate |
APR* |
Max. Term |
**Cost per $1000 |
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Loan Amt. $25,000-$250, |
4.49% |
4.60% |
10 Years |
10.35 |
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4.99% |
5.06% |
15 Years |
7.90 |
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5.25% |
5.31% |
20 Years |
6.74 |
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Closing costs approximately $700. Owner occupied SF properties only. Maximum 75 LTV%. Appraisal cost is additional if required. |
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Properties held in a Trust add approx. $176 to closing costs. Property insurance is required. |
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APR based on a $50,000 loan. |
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**Cost per $1000 does not include taxes or insurance; if escrows were to be required, the actual payment would be greater. |
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Please call 508-543-5321 or our toll free loan line, which is 1-877-FOXFED1 (1-877-369-3331) for rates pertaining to other loan terms.
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Equal
Housing Lender