Home Equity Line of Credit Rates
Rates are current as of 3/8/10 and are subject to change without notice
Platinum
(Full income documentation with credit history)
| Loan Amount | Combined Loan to Value | APR* | Property Type |
| $25,000 to $250,000 | 60% | 6.00% |
Owner-occupied SFRs, condos, PUDs, 1-2 units, 2nd and vacation homes |
*Annual Percentage Rate (APR) is a variable rate based on the Wall Street Journal Prime Rate plus 1.50%. Minimum lifetime APR is 6.00% and maximum lifetime APR is 18%. APR includes a 0.25% discount for automatic payment from an FENB checking or savings account. APR may vary.
Line of credit eligibility is subject to credit approval and our appraisal valuation system of collateral property. Good for owner-occupied single family residence, condo, PUD, or 1-2 units located in California with line amount up to $250,000.Other limitations and restrictions may apply. All terms are subject to change without notice.
No annual fee for any credit line. No setup or third party fees for credit lines up to $250,000. Appraisal fees apply to all 2-unit properties and properties valued at over $1 million, regardless of line amount. Fees generally total between $800 and $2,500 depending on your credit line granted. An early closure fee of $500 will be assessed if your credit line is closed within the first three years. Property insurance is required. Consult your tax advisor regarding tax deductibility of interest.
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