Home Equity Loan (HELP)
Rates accurate as of February 21, 2025
Rates accurate as of February 21, 2025
HELP Type | Annual Percentage Rate (APR) | Amortized Term | Loan Fee | |
---|---|---|---|---|
8.000% Fixed (90% Max LTV) Open/Close | ||||
8.000% Fixed (90% Max LTV) | 8.273% | 10 Years | $0 | Contact a Loan Officer |
7.500% Fixed (80% Max LTV) Open/Close | ||||
7.500% Fixed (80% Max LTV) | 7.766% | 10 Years | $0 | |
8.250% Fixed (90% Max LTV) Open/Close | ||||
8.250% Fixed (90% Max LTV) | 8.450% | 15 Years | $0 | |
7.750% Fixed (80% Max LTV) Open/Close | ||||
7.750% Fixed (80% Max LTV) | 7.944% | 15 Years | $0 | |
8.500% Fixed (90% Max LTV) Open/Close | ||||
8.500% Fixed (90% Max LTV) | 8.645% | 25 Years | $0 | |
8.000% Fixed (80% Max LTV) Open/Close | ||||
8.000% Fixed (80% Max LTV) | 8.139% | 25 Years | $0 | |
Green Choice Retrofit: 7.500% (90% Max LTV) Open/Close | ||||
Green Choice Retrofit: 7.500% (90% Max LTV) | 7.766% | 10 Years | $0 | Contact a Loan Officer |
Green Choice Retrofit: 7.000% (80% Max LTV) Open/Close | ||||
Green Choice Retrofit: 7.000% (80% Max LTV) | 7.259% | 10 Years | $0 |
Product for owner-occupied purchases & refinances.
FIXED-RATE HELP PAYMENT CALCULATIONS
Calculations based on $100,000.00 loan. Payment calculations are principal and interest and do not include taxes or insurance which may increase your monthly payment.
- 25-Year HELP Loan (90% LTV): Interest rate 8.500%, Annual Percentage Rate (APR) 8.645%, 300 monthly payments of $805.23 each, total interest paid $141,919.96.
- 25-Year HELP Loan (80% LTV): Interest rate 8.000%, Annual Percentage Rate (APR) 8.139%, 300 monthly payments of $771.82 each, total interest paid $131,876.05.
- 15-Year HELP Loan (90% LTV): Interest rate 8.250%, Annual Percentage Rate (APR) 8.450%, 180 monthly payments of $970.14 each, total interest paid $74,969.11.
- 15-Year HELP Loan (80% LTV): Interest rate 7.750%, Annual Percentage Rate (APR) 7.944%, 180 monthly payments of $941.28 each, total interest paid $96,751.71.
- 10-Year HELP Loan (90% LTV): Interest rate 8.000%, Annual Percentage Rate (APR) 8.273%, 120 monthly payments of $1,213.28 each, total interest paid $45,745.46.
- 10-Year HELP Loan (80% LTV): Interest rate 7.500%, Annual Percentage Rate (APR) 7.766%, 120 monthly payments of $1,187.02 each, total interest paid $42,754.46.
- 10-Year Green Choice Retrofit HELP Loan (90% LTV): Interest rate 7.500%, Annual Percentage Rate (APR) 7.766%, 120 monthly payments of $1,187.02 each, total interest paid $42,754.46.
- 10-Year Green Choice Retrofit HELP Loan (80% LTV): Interest rate 7.000%, Annual Percentage Rate (APR) 7.259%, 120 monthly payments of $1,161.08 each, total interest paid $39,621.95.
Maximum Loan Amount is $250,000; however, the following stipulations apply:
- If Olyfed is in 1st lien position, 90% maximum loan to value up to $150,000
- If Olyfed is NOT in 1st lien position, 80% maximum loan to value up to $150,000
- 75% maximum loan to value for loan amounts $150,001- $250,000.
- 75% maximum loan to value if the purpose of this HELP is for debt consolidation
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Equal Housing Lender