Home Equity Rates

All rates Subject to Change Without Notice.

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Home Equity Term Loan Rates

Last update: 9/3/2020

Program NameInterest Rate/ PaymentFees/ Expenses1APR
7 Year Fixed,
1st Mortgage
2.99%
$1,981.32
$6003.108%
10 Year Fixed,
1st Mortgage
2.99%
$1,447.72
$6003.074%
15 Year Fixed,
1st Mortgage
2.99%
$1,035.15
$6003.048%
7 Year Fixed,
2nd Mortgage
3.25%
$1,998.40
$6003.368%
10 Year Fixed,
2nd Mortgage
3.25%
$1,465.39
$6003.334%
15 Year Fixed,
2nd Mortgage
3.25%
$1,053.72
$6003.308%

1$600 fee includes the origination charge and all third party expenses.

  • Rates and APRs listed above are based on amounts of $150,000 for owner-occupied, single-family dwellings serving as a primary residence and are for non-purchase transactions with a minimum 650 credit score for at least one applicant and a maximum LTV of 80%. Maximum LTV of 70% if Home Federal does not hold 1st lien.
  • Minimum loan amount available is $10,000/Maximum loan amount available is $150,000; for rates and fees on loan amounts over $150,000, please contact us.
  • Property insurance is required, including flood insurance (if applicable).
  • Monthly payments shown do not include amounts for property taxes and insurance premiums; if included, actual payment obligation will be greater.

Home Equity Line of Credit Rates

Last Update: 9/3/2020

Program NameInterest Rate1Fees/ Expenses2APR1
Special Promotion31.99% for 1st 6 months,
then U.S. Prime1
Minimum 3.75%
Zero Closing Costs41.99% for 1st 6 months,
then US Prime1
Minimum 3.75%
Home Federal RefinanceUS Prime1
Minimum 3.75%
$780-$930US Prime1
Minimum 3.75%

1Rates are variable.  Minimum rate of 3.75% is subject to change monthly based on the U.S. Prime Rate as published in the Wall Street Journal (currently 3.25%).

Maximum rate of 18% APR.

2Annual fee of $36 may apply after the first year if the HELOC is not accessed within the first 12 months.

3Not available for refinancing or modifying existing Home Federal loans.

4Reimbursement fee of all 3rd party fees will be charged if the loan is terminated within the first 36 months.

  • Rates and APRs listed above are based on amounts of $150,000 for owner-occupied, single-family dwellings serving as a primary residence and are for transactions with a minimum 650 credit score for at least one applicant and a maximum LTV of 80%. Maximum LTV of 70% if Home Federal does not hold 1st lien.
  • Minimum loan amount available is $25,000/Maximum loan amount available is $150,000: for rates and fees on loan amounts over $150,000, please contact us.
  • Loan term is 120 payments of interest only payments; paying interest only will result in a balloon payment of all outstanding principal and interest due on the maturity date of the loan. Additional payments to principal are allowed at any time.
  • Property insurance is required, including flood insurance (if applicable).
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