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Real Estate
Loan Rates
Effective: January 1, 2012
| Certificate
Term |
APR* |
Max
Term |
Max
Amount Financed (Purchase) |
Max
Amount Financed (Purchase) |
|
| 2 Year Arm |
4.25% Variable |
Up To 30 Years |
Up To 80% Of Appraised Value |
Up To 80% Of Appraised Value |
|
|
| 5 Year Arm |
4.50% Variable |
Up To 30 Years |
Up To 80% Of Appraised Value |
Up To 80% Of Appraised Value |
|
|
| Vacant Land |
2 Year ARM 4.25%
or
5 Year ARM 4.50% |
Up To 12 Years |
Up To 80% Of Appraised Value |
Up To 80% Of Appraised Value |
|
|
| Mobile
Home Doublewide (w/real property) |
2 Year ARM 4.25%
or
5 Year ARM 4.50% |
Up To 30 Years |
Up To 80% Of Appraised Value |
Up To 80% Of Appraised Value |
|
|
| Mobile Home
Singlewide (w/real property) |
2 Year ARM 4.25%
or
5 Year ARM 4.50% |
Up To 12 Years |
Up To 80% Of Appraised Value |
Up To 80% Of Appraised Value |
|
|
| Mobile
Home Singlewide – New |
4.75% - 8.0% |
Up To 6 Years |
80% Of Appraised Value Up To $25,000 Maximum |
80% Of Appraised Value Up To $25,000 |
|
|
| Construction
/ Permanent |
2 Year ARM 4.25%
or
5 Year ARM 4.50% |
Up To 30 Years |
80% Of Appraised Value Of Plans & Property |
N/A |
|
|
| *APR is the Annual Percentage
Rate. |
Home Equity Loans
Effective: January 1, 2012
| Loan
Type |
APR* |
Max
Term |
Max
Amount Financed |
Other
Information |
|
| Home
Equity Line of Credit |
4.00% Variable |
5 Year Draw Period |
80% of appraised value less any additional liens up to $50,000 |
Inquire at credit union for additional details of loan. |
|
|
| Second
Mortgage |
4.00% Variable |
12 Years |
80% of appraised value less any additional liens up to $50,000 |
Inquire at credit union for additional details of loan. |
|
|
| Home
Improvement |
5.75% Fixed |
36 Months |
$5,000 |
Inquire at credit union for additional details of loan |
|
|
*APR is the Annual Percentage
Rate
Restrictions may apply. The credit union’s in-house mortgage lending program is available in Tennessee only. For a complete description of loan products contact the credit union for more information.
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