Equity Lines of Credit

Rates effective April 24th, 2014.

Equity Lines of Credit
Owner Occupied
Combined Loan to value 80% or Less
Minimum Line Amount $10,000
Maximum Line Amount $100,000
Draw Period for Advances 10 Years
Term 25 Years
Repayment Period 15 Year Repayment Period after 10 Year Draw Period for Advances expires
Loan Fee You may have to pay a service fee to remove any prior liens
Index (1) 3.25%
Margin Range -0.50% to 2.50%
APR¹ Range 3.68% to 5.94%
Maximum APR* 15.00%
Minimum APR* 3.50%
Non-Owner Occupied - Not available

(1)The annual percentage rate is based on the value of an index. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published the highest rate will be used. We will use the most recent index value available to us as of the day of any annual percentage rate adjustment.

To determine the annual percentage rate that will apply to your account, we add a margin to the value of the Index. Ask us for the current index value, margin and annual percentage rate. After you open a plan, rate information will be provided on periodic statements that we send you.

RATE CHANGES: The annual percentage rate can change on the first day of each month. There is no limit on the amount by which the annual percentage rate can change during any one-year period. The maximum ANNUAL PERCENTAGE RATE that can apply is 15% or the maximum permitted by law, whichever is less. However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 3.50% at any time during the term of the plan.

BORROWER FEE REIMBURSEMENT: Up to $350 fee reimbursement paid by the borrower if equity loan or line paid off or closed within the first 36 months..

PROPERTY INSURANCE: You must carry insurance on the property that secures this plan. If the property is located in a Special Flood Hazard Area we will require you to obtain flood insurance if it is available.

All loans are subject to appraisal, owner-occupied properties limited to one-to-four units located in the state of California. Excludes manufactured and mobile homes. Other restrictions on property may apply. Loan secured by your home other than your first mortgage must be paid at time of account funding. Rates, APR and terms and conditions subject to change without notice.

Loans in excess of 80% combined loan to value (LTV) are not available.