Home Equity Fixed Biweekly1
Rates Effective: 10/5/2024
Product | Annual Percentage Rate (APR) | Payments/$1000 Borrowed | Product Requirements |
---|---|---|---|
5 Years | 6.39% | $9.76 | Max 80% LTV 2 |
10 Years | 6.64% | $5.71 | Max 80% LTV 2 |
15 Years | 6.89% | $4.46 | Max 80% LTV 2 |
20 Years | 7.14% | $3.92 | Max 75% LTV 3 |
New Money Only. APR includes 0.10% rate discount for payments automatically debited from a First Hope Bank checking or savings account which the consumer may elect.
1 6 months of assets to be provided for first liens, all terms, and 9 months of assets to be provided for second liens, all terms.
2 Max loan to value (LTV) on 5-15 year terms is 80% of appraised value less first mortgage balance if applicable.
3 Max loan to value on 20 year terms is 75% of appraised value less first mortgage balance.
Payments do not include taxes and insurance premiums. Annual Percentage Rates/Rates subject to change without notice. Terms and Conditions are subject to change without notice. Property insurance required. Flood Insurance may be required. Loans on 1 to 4 family owner occupied residence. Max loan amount is $500,000 for first liens and $350,000 for second liens. Your actual rate, payment, and costs could be higher. Regulation requires a full appraisal on loan amounts over $400,000 which will be at the customer’s expense. Loans $500,000 and above require Title Insurance for the amount of the loan at the customer’s expense. There is a $60 non-refundable application fee due upon your acceptance of the Loan Estimate. There is a recording fee which varies from state to state and county to county. Inquire to find out the amount of applicable recording fees for NJ and PA properties. Higher fees may apply for PA Residents.