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SAFE Credit Union

SAFE Rates

Equity Loan Rates & Disclosures

Rates effective as of August 1, 2019

Rates and terms are subject to change without notice. The rates below are for informational purposes only. Not all borrowers will qualify for all rates. All loans subject to membership eligibility and credit approval. We do business in accordance with Federal fair housing laws, including the Equal Credit Opportunity Act. Call SAFE for pre-qualification or for more information toll free at 1-800-SEE-SAFE. Log on to SAFE's website at www.safecu.org for current rates or to apply for a loan online.

You may scroll table to the right to view complete rate information.
Variable Rate Home Equity Line of Credit (HELOC)1
 
 
Maximum Combined LTV
Maximum Loan Amount
Rate
APR Range2
Margin Range
Monthly Payment3
Fees
Primary Residence
1st or 2nd Mortgage
80%4
$10k - $500k4
5.84% - 9.34%
5.84% - 9.34%
.59% - 4.09%
Minimum of $75
-0-5
Primary Residence
1st or 2nd Mortgage
85%
$10k - $100k
6.59% - 8.09%
6.59% - 8.09%
1.34% - 2.84%
Minimum of $75
-0-5
Second Home
1st or 2nd Mortgage
75%
$10k - $500k
6.34% - 9.84%
6.34% - 9.84%
1.09% - 4.59%
Minimum of $75
-0-5
Investment Property
1st or 2nd Mortgage
70%
$10k - $100k
7.24% - 9.24%
7.40% - 9.40%
1.99% - 3.99%
Minimum of $75
Closing Fees6
Mortgage / HELOC Purchase Combo
1st or 2nd Mortgage
90%
$100k
6.24% - 6.74%
6.40% - 6.90%
.99% - 1.49%
Minimum of $75
Closing Fees7
Mortgage / HELOC Purchase Combo
1st or 2nd Mortgage
85%
$100k
6.49% - 6.84%
6.65% - 7.00%
1.24% -  1.59%
Minimum of $75
Closing Fees7
1 HELOC has a 15-year draw period and then a 15-year repayment period. Not eligible for a 2nd mortgage if the 1st mortgage has a negative amortization feature.
2 APR (Annual Percentage Rate) is based on Prime Rate as published in the Wall Street Journal, Western Edition plus a margin. Maximum APR is 15.00% for Primary Residence, Second Home and Mortgage/HELOC Purchase Combo, and 18.00% for Investment Property.
3 Fully amortized principal and interest payment recalculated monthly.
4 For loan amounts greater than $150,000, maximum combine LTV (loan-to-value) cannot exceed 75%.
5 No annual fee. Cash-Out and Refinances: If loan closed within 3 years, waived closing costs ranging from $485 to $1590 will be owed. Appraisal fee up to $900 may apply, fee is refundable at closing.
6 Closing costs range from $500 to $1600 due at closing. Closing costs may not be apply to a single family residence or condominium depending on loan amount.
7 Purchase only: Borrower paid closing costs range from $500 to $1600.

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You may scroll table to the right to view complete rate information.
Variable Rate HELOC with Fixed Rate Option1
 Variable Rate HELOC with Fixed Rate Option1
Maximum Combined LTV
Maximum Loan Amount
Fixed Option Period
Rate
Fixed Option APR Range2
Margin Range
Monthly Payment3
Fees
Primary Residence
1st or 2nd Mortgage
80%4
$10k - $500k4
60 months
120 months
6.09% - 9.59%
6.59% - 10.09%
6.09% - 9.59%
6.59% - 10.09%
0.84% - 4.34%
1.34% - 4.84%
Minimum of $75
-0-5
Primary Residence
1st or 2nd Mortgage
85%
$10k - $100k
60 months
120 months
6.84% - 8.34%
7.34% - 8.84%
6.84% - 8.34%
7.34% - 8.84%
1.59% - 3.09%
2.09% - 3.59%
Minimum of $75
-0-5
Second Home
1st or 2nd Mortgage
75%
$10k - $500k
60 months
120 months
6.59% - 10.09%
7.09% - 10.59%
6.59% - 10.09%
7.09% - 10.59%
1.34% - 4.84%
1.84% - 5.34%
Minimum of $75
-0-5
Investment Property
1st or 2nd Mortgage
70%
$10k - $100k
60 months
120 months
7.49% - 9.49%
7.99% - 9.99%
7.65% - 9.65%
8.15% - 10.15%
2.24% - 4.24%
2.74% - 4.74%
Minimum of $75
Closing Fees6
Mortgage / HELOC Purchase Combo
1st or 2nd Mortgage
90%
$10k - $100k
60 months
120 months
6.49% - 6.99%
6.99% - 7.49%
6.65% - 7.15%
7.15% - 7.65%
1.24% - 1.74%
1.74% - 2.24%
Minimum of $75
Closing Fees7
Mortgage / HELOC Purchase Combo
1st or 2nd Mortgage
85%
$10k - $100k
60 months
120 months
6.24% - 6.74%
6.74% - 7.24%
6.40% - 6.90%
6.90% - 7.40%
0.99% - 1.49%
1.49% - 1.99%
Minimum of $75
Closing Fees7
1 HELOC has a 15-year draw period and then a 15-year repayment period. Not eligible for a 2nd mortgage if the 1st mortgage has a negative amortization feature.
2 APR (Annual Percentage Rate) is based on Prime Rate as published in the Wall Street Journal, Western Edition plus a margin. APR is fixed for the first 60/120 months, thereafter the APR will be variable and based on the Prime Rate as published in the Wall Street Journal, Western Edition plus the Margin. Maximum APR is 15.00% for Primary Residence, Second Home and Mortgage/HELOC Purchase Combo, and 18.00% for Investment Property.
3 Fully amortized principal and interest payment recalculated monthly.
4 For loan amounts greater than $150,000, maximum combine LTV (loan-to-value) cannot exceed 75%.
5 No annual fee. Cash-Out and Refinances: If loan closed within 3 years, waived closing costs ranging from $485 to $1590 will be owed. Appraisal fee up to $900 may apply, fee is refundable at closing.
6 Closing costs range from $500 to $1600 due at closing. Closing costs may not be apply to a single family residence or condominium depending on loan amount.
7 Purchase only: Borrower paid closing costs range from $500 to $1600.

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You may scroll table to the right to view complete rate information.
Fixed Rate Equity Loan1
Property Type - Single Family Residence, Condo, Planned Unit Development
Owner Occupied Maximum Combined
LTV
Maximum Loan Amount2 1st Lien Rate 1st Lien APR3 1st Lien Estimated Payment per $1000 2nd Lien Rate 2nd Lien APR3 2nd Lien Estimated Payment per $1000 Fees
10 Years 80%4 Up to $300k4 5.39% 5.39% $5.61 5.99% - 6.74% 5.99% - 6.74% $7.75 - $8.74 -0- 5
15 Years 5.39% $5.61 5.99% - 6.74% 5.99% - 6.74% $7.75 - $8.74
20 Years 5.39% $5.61 6.14% - 7.14% 6.14% - 7.14% $6.43 - $7.57
Mortgage/Fixed Equity Purchase Combo
2nd Mortgage
Maximum Combined
LTV
Maximum Loan Amount2 1st Lien Rate 1st Lien APR3 1st Lien Estimated Payment per $1000 2nd Lien Rate 2nd Lien APR3 2nd Lien Estimated Payment per $10006 Fees
Maximum 80% LTV 1st Mortgage, up to 90% CLTV 2nd Mortgage 90% $10k - $50k N/A N/A N/A 6.79% 6.88% $7.63 Closing Fees7
Investment Property Maximum Combined
LTV
Maximum Loan Amount2 1st Lien Rate 1st Lien APR3 1st Lien Estimated Payment per $1000 2nd Lien Rate 2nd Lien APR3 2nd Lien Estimated Payment per $1000 Fees
15 Years 70% $10k - $300k 9.29% - 9.79% 9.83% - 10.34% $10.32 - $10.62 9.54% - 10.04% 10.10% - 10.60% $10.32 - $10.62 Closing Fees7
1 Not eligible for a 2nd mortgage if the 1st mortgage has a negative amortization feature.
2 Minimum $10,000 loan amount.
3 APR = Annual Percentage Rate
4 For loan amounts greater than $150,000, maximum combined LTV (loan-to-value) cannot exceed 75%
5 Cash out or refinance: If loan closed within 3 years, closing costs ranging from $485 to $1590 will be owed. Appraisal fee up to $900 may apply, fee is refundable at closing.
6 20 year loan term.
7 Closing costs range from $500 to $1600.

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Land and Lot Loan
Property Type - Residential Use up to 10 Acres, Purchase Only
Product Maximum Combined LTV1 Maximum Term Rate APR Range2 Points Fees Additional Requirements
Fixed Rate Loan 70% 15 Yrs 5.75% - 7.15% 6.31% - 7.76%
-0- $900 + Closing Fees $50,000 minimum loan amount. Paved road & utilities must be available to the property.  Must be a member in good standing for minimum 6 months.
1 70% LTV available for property less than 5 acres. 65% LTV available for property 5-10 acres.
2 Payment at 7.15% APR for 180 months is $9.08 per $1,000 borrowed.

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