About Our HELOC*
- Revolving line of credit with no interest paid until the funds are accessed
- Borrow up to $250,000 ($15,000 minimum line)
- No closing cost option
- 5-year draw period, with a 15-year repayment term
- Flexible repayment options and competitive, discounted rates for qualified members
- Loan-to-value up to 90% of your home's appraised value
- Easy access to funds - talk to your loan officer about access options
- No annual fee, no application fee, and no prepayment penalty
- Quick, local decisions and closings
- Rates change only four times per year
- Interest may be tax-deductible**
*Restrictions apply. Rate and terms based on credit score and subject to change. The Annual Percentage Rate is a variable rate and the maximum APR that can apply is 18%. Loan-to-value not to exceed 90% of the subject property’s appraised value. Borrowers must make a minimum initial advance of $10,000 and maintain a minimum balance of $8,500.00 for 12 months from the opening date to avoid repayment of closing costs. Property insurance is required. Flood insurance may be required. If the state and/or county in which the collateral is located charges additional fees and taxes, the borrower may be responsible for payment. See a loan officer for full details.
**Consult a tax advisor regarding the deductibility of interest.
Nationwide Mortgage Licensing System Registered Employees:
Position | Name | Individual ID # |
---|---|---|
Loan Officer | Mickens, Shirley | 941661 |
Loan Officer | Hodges, Michelle | 713097 |
Loan Officer | Moates, Gayle | 713094 |
Loan Officer | Dray, Kristin | 1423298 |
CLO | Selcer, Rodney | 593712 |
CEO | Foster, Kendall | 713096 |