Home Equity Loan Rates

Rates subject to change without notice.

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Home Equity Line of Credit

Rates as low as 4.49% APR¹

  • No Annual Fee
  • No Application Fee
  • No Closing Costs²

Access your line of credit by writing a check for $500.00 or more.

Interest may be tax deductible³

 

Fixed Payment Home Equity Loan

Rates as low as 3.99% APR¹- First Lein Position

Rates as low as 4.74% APR¹- Second Lein Position

Minimum Loan Amount $10,000.   New Loans Only.  Call for existing BFG loan refinancing.

We are currently waiving all fees on loans of $10,000.00 or more. Waived fees assessed if loan closes before 3 years.

Interest may be tax deductible²

Rates available for other terms of 60-180 months, and amounts from $10,000 - $100,000

Second Lein rates available.

 

Home Equity Line of Credit Disclosure

Serving individuals who live, work, worship, attend school or volunteer in Summit County, Ohio and their immediate family members and household members. 1 Subject to credit approval.  Variable rates for the home equity line of credit are based on The Wall Street Journal Prime Rate (Prime) and are as low as Prime -0.51% APR (4.49% APR as of 06/14/2018).  Rates may not exceed a maximum of 18.00% APR or go below 4.00% APR at any time during the plan.  Your actual rate will be determined by credit qualifications. One BFG Home Equity Line of Credit per owner occupied property, single family unit, located in Ohio. Certain collateral restrictions apply.  Maximum line amount is $100,000. Loan to Value (LTV) 80% or less.  Hazard and, if applicable, flood insurance is required on collateral property. 2 Closing fees are currently waived on line amounts $10,000 and above.  REIMBURSEMENT OF LENDER PAID COSTS: IF YOU VOLUNTARILY CLOSE YOUR LINE OF CREDIT AND TERMINATE YOUR ACCOUNT WITHIN 36 MONTHS OF THE DATE YOU SIGN THE AGREEMENT, YOU WILL REIMBURSE BFG FOR BONA FIDE FEES IT PAID TO THIRD PARTIES ON YOUR BEHALF IN CONNECTION WITH THE OPENING OF YOUR ACCOUNT.  THESE FEES MAY INCLUDE THE COSTS OF APPRAISAL, TITLE AND FLOOD.  Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. Other restrictions may apply. THIS IS NOT A FIXED RATE OFFER. 3 Consult your tax advisor regarding deductibility of interest.

Fixed Payment Home Equity Loan Disclosure

1Annual Percentage Rate.  The “as low as” rate assumes a .25% discount for choosing an auto pay option. Add .25% to the stated rate and APR when an auto pay option is not selected. Your actual rate will be determined by credit qualifications. One BFG Home Equity Loan per owner occupied property, single family unit, located in Ohio. Certain collateral restrictions apply.  Maximum line amount is $100,000. Loan to Value (LTV) 80% or less.  Hazard and, if applicable, flood insurance is required on collateral property.  Typical loan payment examples:  If you borrow $10,000 secured by an owner occupied home, for 60 months at 4.90% APR, the monthly payment would be $188.29 or if you borrow $10,000 secured by an owner occupied home, for 60 months at 6.70% APR the monthly payment would be $196.66.   2 Closing fees are currently waived on line amounts $10,000 and above.  REIMBURSEMENT OF LENDER PAID COSTS: IF YOU VOLUNTARILY CLOSE YOUR LINE OF CREDIT AND TERMINATE YOUR ACCOUNT WITHIN 36 MONTHS OF THE DATE YOU SIGN THE AGREEMENT, YOU WILL REIMBURSE BFG FOR BONA FIDE FEES IT PAID TO THIRD PARTIES ON YOUR BEHALF IN CONNECTION WITH THE OPENING OF YOUR ACCOUNT.  THESE FEES MAY INCLUDE THE COSTS OF APPRAISAL, TITLE AND FLOOD.  Actual rates, APR’s, fees, payment amounts and terms are based on product, term, loan amount, lien position and credit qualifications. Rates offered as of the date of application and are subject to change without notice. Other restrictions may apply. New funds cannot be used to pay off existing BFG Loans, other lenders only.  3 Consult your tax advisor regarding deductibility of interest