Home Equity Rates
Foothill Federal Credit Union offers a variety of real estate loan programs. For more information please visit your branch or call our Phone Center Representatives at (626) 445-0950.
| Home Advantage Loan | |||
| Effective Date: January 6, 2009 | |||
| Term | APR | Loan Amount | Estimated Payment/$1,000 |
| Terms up to 120 months | |||
| 80% financing | 6.25% - 7.75% | $350,000 | $11.17 - $11.92 |
| Terms from 121 months up to 180 months | |||
| 80% financing | 6.50% - 8.75% | $350,000 | $8.66 - $9.92 |
| Home Equity Line of Credit - 80% CLTV | |||||
| Effective Date: January 6, 2009 | |||||
| Credit Score | Maximum Loan Amount | Margin | Introductory Rate | Current APR | Estimated Payment/$1,000** |
| 680+ | $350,000.00 | -1.000% | 3.900% | 5.00%* | $7.91 |
| 450-679 | $350,000.00 | 0.000% | 3.900% | 6.00%* | $8.44 |
| * Floor limit | |||||
Variable Rate Index: APR=Annual Percentage Rate. The APR is indexed to the Prime Rate as published in the Wall Street Journal. A Home Equity Line of Credit is a revolving credit, secured by your home. The rate can adjust quarterly in January, April, July, and October. Maximum APR is 13% to 14% depending on credit worthiness.
Introductory Rate: The introductory rate applies for the first 6 billing cycles on new Member loans and is not based on the index plus margin.
Payments: You choose, either a principal and interest payment, which is fully amortized over a 15-year term, or Interest only payments for the first 10yrs, then fully amortized for 15 years thereafter.
Important Information for all Home Equity Loans and Lines of Credit:
- Property Location: Orange, Los Angeles, Riverside, San Bernardino, Ventura, and San Diego Counties.
- Cost to Member: Member fees may include appraisal, title charges, recording fees, and any other related fees.
- Occupancy: Must be owner occupied by Member.
- Property Types: Rates and terms quoted are for single-family dwelling, condominiums, and town homes. Condominiums are not available on our Home Advantage Product.
- Insurance: Life and disability insurance are offered through CUNA Mutual Insurance.