Equity Rates
HELOC
Minimum Draw of $15,000. Minimum Line Amount $25,000. APRs are based on a loan amount of $100,000.
Rates are valid as of and are subject to change.
| Loan | Max Amount | Term in Years | Max CLTV | Start Rate | APR | Max Rate | Margin | Payment per $1,000 | Disclaimers |
|---|---|---|---|---|---|---|---|---|---|
| Prime Plus HELOC | $ 200,000 | 10/15 | 70% | 8.250% | 8.250% | 14.250% | 0.75% | $6.88 | GG, HH, II, SSS, TT |
| Relationship HELOC | $ 200,000 | 10/15 | 70% | 8.000% | 8.000% | 14.000% | 0.50% | $6.67 | GG, GGG, HH, II, III, SSS, TT |
| 5-Year Fixed Prime Plus HELOC | $ 200,000 | 5/5/15 | 70% | 6.750% | 8.150% | 12.750% | 1.00% | $5.63 | GG, HH, II, SSS, TT, UU |
| 5-Year Fixed Relationship HELOC | $ 200,000 | 5/5/15 | 70% | 6.500% | 7.900% | 12.500% | 0.75% | $5.42 | GG, GGG, HH, II, III, SSS, TT, UU |
Second Mortgages
APRs are based on a loan amount of $100,000.
| Loan | Min Amount | Max Amount | Term in Years | Max CLTV | APR | Margin | Payment per $1,000 | Disclaimers |
|---|---|---|---|---|---|---|---|---|
| 5-Year Fixed Maximizer | $ 25,000 | $ 200,000 | 5 | 70% | 6.750% | 0% | $19.68 | GG, II, SSS, TT |
| 10-Year Fixed | $ 25,000 | $ 200,000 | 10 | 70% | 12.625% | 0% | $14.71 | GG, II, SSS, TT |
| 15-Year Fixed | $ 50,000 | $ 200,000 | 15 | 70% | 12.625% | 0% | $12.41 | GG, II, SSS, TT |
| 20-Year Fixed | $ 75,000 | $ 200,000 | 20 | 70% | 12.750% | 0% | $11.54 | GG, II, SSS, TT |
- GG) Applicable to all equity loans and lines: Single-family owner occupied California properties only. Provident will pay for title insurance, asset valuation (AVM), recording fees, credit report and flood certification on new lines of credit up to $200,000. Closing costs may be required for loans that require special handling, or rural properties. Subject to credit approval. Adequate property insurance required (may include flood insurance). There is a minimum $300 application deposit due at the time you submit your application which is refunded when the loan is funded. Products, rates, and terms subject to change without notice. Provident Credit Union NMLS #412725.
- GGG) The maximum rate (maximum annual percentage rate) cannot be more than 6% plus the “Start Rate.”
- HH) On lines of credit, figures separated by slashes are number of years. The first figure(s) is the initial draw period with interest-only payments. If three figures are present (i.e. for the 5-Year Fixed lines), the first is the initial fixed-rate draw period, and the second is the adjustable-rate draw period that follows that (both periods with interest-only payments). The last figure is fully amortized re-payment period with no further line advances available. $100 annual fee.
- II) CLTV = Combined Loan to Value ratio. This includes first mortgages and all subordinate liens. Consult your Mortgage Consultant for appraisal fees and other restrictions.
- III) Requires existing Provident first mortgage, direct deposit of payroll, or other qualifying account or product. Call for details.
- SSS) APR = Annual Percentage Rate. Subject to change without notice. Rates quoted are effective on date of publication.
- TT) Payment per $1,000 balance is based on the interest rate listed for the amortization term listed, and is rounded to the nearest cent.
- UU)
This is a variable rate loan that features a 5 year introductory interest rate. All subsequent rate adjustments are based on the Prime Rate as published in the Wall Street Journal plus a margin listed above.
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