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Equity Loan Rates & Disclosures

If you would like to apply for an Equity Loan online, please review the rates and click the Apply Now button.

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Rates effective as of May 27, 2015
SAFE Credit Union Equity Loan Rate Sheet  
SAFE Credit Union Equity Loan Rate Sheet  

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.
We do business in accordance with the Federal Fair Housing Law and 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.

Home Equity Line of Credit (HELOC)
Product Maximum Combined LTV Loan Amount APR
(Minimum/Maximum)
Margin Range Monthly Payment Fees
Owner Occupied
1st or 2nd Mortgage
80% $10k - $300k Minimum APR = Prime Rate + Margin
3.99% - 7.25%1
Maximum APR =15.00%
.74% to 4.00% 1.25% of unpaid balance
Minimum of $75
-0- 2
Non-owner Occupied
1st or 2nd Mortgage
70% up to $100k Minimum APR = Prime Rate + Margin
5.25% - 9.95%1
Maximum APR = 18.00%
2.00% to 6.00% 1.50% of unpaid balance
Minimum of $75
$575 +Closing Fees3
1 Prime Rate as published in the Wall Street Journal, Western Edition on the last business day of each calendar quarter.
2 $50 annual fee waived for first year with $7,000 draw. If loan closed within 3 years, waived closing costs ranging from $485 to $1590 will be owed. Appraisal fee up to $425 may apply. Not eligible for 2nd mortgage if 1st mortgage has a negative feature.
3 Non-refundable appraisal fee due at time of application. Closing costs range from $500 to $1600 due at closing. $50 annual fee. Not eligible for 2nd mortgage if 1st mortgage has a negative amortization feature.
Fixed Rate Equity Loan
Property Type - Single Family Residence, Condo, Planned Unit Development
Owner Occupied Loan Amount 80% Financing Fees
Up to 15 Years 1 10k - 300k to 75%, 10k - 100k to 80% 6.45% APR4 -0- 2
Up to 20 Years 1 6.45% APR4
Non-Owner Occupied Loan Amount 70% Financing Fees
Up to 15 Years 3 $10k - $300k 12.99% APR4 $575 + Closing Fees5
1 Payment at 6.45% APR for 120 months is $11.34 per $1,000 borrowed.
2 If loan closed within 3 years, closing costs ranging from $485 to $1590 will be owed. Appraisal fee up to $425 may apply. Not eligible for 2nd mortgage if 1st mortgage has a negative amortization feature.
3 Payment at 12.99% APR for 180 months is $12.65 per $1,000 borrowed.
4 If fixed equity is in 1st lien position at time of origination subtract 2% from published interest rates.
5 Non-refundable appraisal fee due at time of application. Closing costs range from $500 to $1600 due at closing. Not eligible for 2nd mortgage if 1st mortgage has a negative amortization feature.
Land and Lot Loan
Property Type - Residential Use 1 - 10 Acres, Purchase Only
Product Maximum Combined LTV* Maximum Term APR Ranges1 Points Fees Additional Requirements

Amortized

70% 15 Yrs 5.75% - 7.15% -0- $900 + Closing Fees $50,000 minimum loan amount. Paved road & utilities must be available to the property.
1Payment at 7.15% APR for 180 months is $9.08 per $1,000 borrowed.
* 70% LTV available for loans between 0 - 5 acres.  Reduce maximum LTV by 5% for loans between 5 - 10 acres.

NMLS #466072
Equal Housing Opportunity

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