Home Equity Loan Products

All loans subject to Credit Approval

THERE ARE NO APPLICATION FEES OR CLOSING COSTS FOR LOANS UP TO $250,000


HOME EQUITY LINE OF CREDIT

No minimum draw required. Loan available only for owner-occupied single family homes and approved condominiums; not available on properties listed for sale. Maximum Total Loan to Value for single family homes is 75%; if first lien position or the first mortgage is with NCB the max LTV is 80%. For approved condominiums or PUD the maximum LTV is 70%; if first lien the max LTV is 75%. Property insurance is required. Flood insurance may be required. An appraisal fee may apply under certain circumstances. Minimum loan amount is $10,000. First or second lien position is required.

Adjustable Rate Line of Credit: Rate is equal to Prime rate minus .50 for the life of the loan with a MAXIMUM ANNUAL PERCENTAGE RATE (rate cap) of 18%. The current rate in effect using the index plus the margin is the current Prime Rate of 4.250% minus .50% = 3.75%. Rate can vary monthly.

Rates as of Wednesday, November 15, 2017

Interest RateAPRApply
Adjustable Rate Line of Credit
3.750%3.750%

This is a variable rate loan with a ten-year draw period during which payment of interest only monthly is required followed by a principal and interest repayment period of fifteen years. There is a $35.00 Annual Fee (waived the first year.). There is a prepayment penalty of $200 if the loan is paid off (closed) within 24 months of the contract date.

FIXED RATE HOME EQUITY LOAN

Rates as of Wednesday, November 15, 2017

Interest RateAPRPayment per $1,000Apply
Home Equity Loan - 5 Years
3.750%3.750%$18.30
Home Equity Loan - 10 Years
4.500%4.500%$10.36
Home Equity Loan - 15 Years
5.000%5.000%$7.91

The payment example above does not include amounts for taxes and insurance premiums (if applicable) and, if the credit is secured by a first lien, the actual payment obligation may be greater. First or second lien position is required. Loan available only for single family owner-occupied homes and approved condominiums; not available on properties listed for sale. Maximum Total Loan to Value for single family homes is 80%.

ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE