SAFE Rates
Home Equity Loan Rates & Disclosures
Rates effective as of
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.
Rate8
1st or 2nd Mortgage
1st or 2nd Mortgage
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 variable and based on Prime Rate as
published in the Wall Street Journal, plus a margin. Maximum APR is 15.00% for Primary
Residence, Second Home and Mortgage/HELOC Purchase
Combo.
3 Interest-only payments for the 15-year draw period. Fully amortized
principal and interest payment for the 15-year repayment period.
4 For loan amounts greater than $150,000, maximum combine LTV
(loan-to-value) cannot exceed 75%.
5 No annual fee.
6 If the line of credit is paid in full and closed within 3 years of
the opening date an early termination fee of $500 will be owed. Appraisal fee up to $900 may
apply, fee is refundable at closing.
7 Purchase transaction only- Maximum LTV up to 90%.
8 Introductory Rate is fixed for the first six (6) billing cycles
from the account open date.
| 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 | %4 | Up to $150k | % - % | % - % | $- $ | % - % | % - % | $- $ | -0- 5 | ||
| 15 Years | % - % | $- $ | % - % | % - % | $- $ | ||||||
| 20 Years | % - % | $- $ | % - % | % - % | $- $ | ||||||
| Product | Maximum Combined LTV1 | Maximum Term | Rate | APR Range2 | Points | Fees | Additional Requirements |
|---|---|---|---|---|---|---|---|
| Fixed Rate Loan | % | 15 Yrs | % - % | % - % | -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 60% max LTV
up to 10 acres.
2 Payment at 8.97% APR for 180 months is $9.70 per $1,000 borrowed. | |||||||
