Home Equity Rates

Effective Date: Thursday, November 21, 2024

Home Equity Rates (Rate Table)
Combined Loan to Value Ratio	Loan Term	Interest Rate	Points	Annual Percentage Rate	Payment per $1,000 borrowed	Actions
90% CLTV Minimum Credit Score 720	20 Years (Minimum Loan $25,000)	8.625%	0.00%	8.707%	$8.76	Apply Online
90% CLTV Minimum Credit Score 720	15 Years (Minimum Loan $20,000)	8.500%	0.00%	8.599%	$9.85	Apply Online
90% CLTV Minimum Credit Score 720	10 Years (Minimum Loan $15,000)	8.250%	0.00%	8.384%	$12.27	Apply Online
90% CLTV Minimum Credit Score 720	7 Years (Minimum Loan $10,000)	8.125%	0.00%	8.305%	$15.65	Apply Online
90% CLTV Minimum Credit Score 720	5 Years (Minimum Loan $10,000)	8.000%	0.00%	8.242%	$20.28	Apply Online
85% CLTV Minimum Credit Score 680	20 Years (Minimum Loan $25,000)	8.000%	0.00%	8.077%	$8.36	Apply Online
85% CLTV Minimum Credit Score 680	15 Years (Minimum Loan $20,000)	7.875%	0.00%	7.968%	$9.48	Apply Online
85% CLTV Minimum Credit Score 680	10 Years (Minimum Loan $15,000)	7.625%	0.00%	7.751%	$11.94	Apply Online
85% CLTV Minimum Credit Score 680	7 Years (Minimum Loan $10,000)	7.500%	0.00%	7.671%	$15.34	Apply Online
85% CLTV Minimum Credit Score 680	5 Years (Minimum Loan $10,000)	7.375%	0.00%	7.604%	$19.98	Apply Online
80% CLTV Minimum Credit Score 660	20 Years (Minimum Loan $25,000)	7.500%	0.00%	7.572%	$8.06	Apply Online
80% CLTV Minimum Credit Score 660	15 Years (Minimum Loan $20,000)	7.375%	0.00%	7.463%	$9.20	Apply Online
80% CLTV Minimum Credit Score 660	10 Years (Minimum Loan $15,000)	7.125%	0.00%	7.245%	$11.68	Apply Online
80% CLTV Minimum Credit Score 660	7 Years (Minimum Loan $10,000)	7.000%	0.00%	7.163%	$15.09	Apply Online
80% CLTV Minimum Credit Score 660	5 Years (Minimum Loan $10,000)	6.875%	0.00%	7.094%	$19.74	Apply Online

Fixed Rate and Term. Single Advance. Maximum loan amount at these terms is $1,000,000. Annual Percentage Rate based on loan amount of $100,000 and fees of $548.50. Payments per $1,000 borrowed do not include taxes or insurance premiums which may increase the monthly payment. Borrower pays all closing costs. Property insurance is required on your home.

Combined Loan to Value Ratio is the total of your outstanding 1st mortgage balance plus the proposed equity loan, divided by the value of your home. Call for rates for loan amounts above $1,000,000.

Home Equity Line of Credit

Effective Date: Thursday, November 21, 2024

Home Equity Line of Credit (Rate Table)
perks	80%	85%	90%	Actions
	Required Minimum Credit Score 660	Required Minimum Credit Score 680	Required Minimum Credit Score 720	Apply Online
Borrower Pays Closing WSJ Prime Rate+ Annual Percentage Rate	-0.500% 8.000%	0.00% 8.500%	0.500% 9.000%	Apply Online
No Closing Costs * WSJ Prime Rate+ Annual Percentage Rate	0.500% 9.000%	1.000% 9.500%	1.500% 10.000%	Apply Online

Revolving line of credit. Interest varies monthly based on Wall Street Journal Prime rate +/- the margin shown. The maximum APR on Home Equity Lines of Credit is 18%. Minimum loan amount $10,000, Maximum loan amount $1,000,000. Borrowers must exhibit minimum credit scores to qualify. Home Equity Lines of Credit have initial draw periods of 10 years which can be extended for another 5 years at the discretion of AFSB. The repayment period is 15 years. All loan applications are subject to credit and property approval. No fees to use, not use or close your Home Equity Line of Credit loans and No Closing Cost Loans after 36 months. State and/or local government taxes may apply at closing. Closing cost fees for loans of $50,000 range from $500-$1,200. Property insurance is required on your home. Call for rates for loan amounts above $1,000,000.

* $10,000 advance required at loan closing. Excludes any county/city-imposed transfer taxes. Borrower is responsible for all closing costs if the loan is paid off and closed in less than 36 months. Minimum loan amount is $10,000. Borrowers must meet minimum credit scores to qualify for combined LTV in excess of 80%. See program disclosure for additional details. All rates are subject to change without notice.

+Prime Rate as published in the "Money Rates" table in the Wall Street Journal. An increase or decrease in the index will result in an increase or decrease in the APR and the Finance Charge you will pay. The Wall Street Journal Prime rate as of February 12, 2024, was 8.50%.

SUBJECT TO CREDIT APPROVAL

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