Rates

Mortgage Rates, HELOC Rates, & More

Affordable financing for every stage of your homeownership journey

Home Equity Line of Credit (HELOC) Rates

Rates as of 09/22/2023
State FICO Score Maximum LTV1,2 Note Rate3 APR (Variable)4
Variable Rate - AK, AZ, CA, WA, ID 720-850 FICO 80% 9.750% 9.750%
Variable Rate - AK, AZ, CA, WA, ID 680-719 FICO 80% 10.250% 10.250%
Variable Rate - AK, AZ, CA, WA, ID 640-679 FICO 70% 10.750% 10.750%

Recreational Land Loan Rates

Rates as of 09/22/2023
Type Term Maximum LTV1 Note Rate3 APR4
Fixed Rate 1-60 Months 70% 8.875% 9.414%
Fixed rate 61-180 Months 70% 9.500% 9.718%

Recreational Property w/ Dwelling Loan Rates

Rates as of 09/22/2023
Type Term Maximum LTV1 Note Rate3 APR 4
Fixed Rate 1-60 Months 70% 7.375% 8.229%
Fixed Rate 61-180 Months 70% 8.000% 8.142%

Home Equity 1st Lien

Rates as of 09/22/2023
State Term Maximum LTV1 Note Rate3 APR4
Fixed Rates - AK 1-60 Months 80% 8.180% 8.280%
Fixed Rates - AZ, WA 1-60 Months 80% 8.180% 8.280%
Fixed Rates - AK 61-240 Months 80% 8.450% 8.550%
Fixed Rates - AZ & WA 61-240 Months 80% 8.450% 8.550%

Home Equity 2nd Lien

Rates as of 09/22/2023
State Term Maximum LTV1 Note Rate3 APR4
Fixed Rate - AK 1-60 Months 80% 10.180% 10.280%
Fixed Rate - AZ & WA 1-60 Months 80% 10.180% 10.280%
Fixed Rate - AK 61-240 Months 80% 10.450% 10.550%
Fixed Rate - AZ & WA 61-240 Months 80% 10.450% 10.550%

Residential Land Loan Rates

Rates as of 09/22/2023
Type Term Maximum LTV1 Note Rate3 APR4
Fixed Rate 1-60 Months 75% 8.875% 9.414%
Fixed Rate 61-180 Months 75% 9.500% 9.718%
  1. Loan-to-value (LTV) is the ratio of all loans against a property to the purchase price or value of the property. For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.
  2. Washington and Arizona: maximum 80% of appraised value, less the current balance of the underlying loan, subject to credit score limitations listed below:

    Credit Score Max CLTV
    640–679 70%
    680+ 70%
    680+ 75%
    720+ 80%

    Alaska: 70% of appraised value, less the current balance of the underlying loan.

    Credit Score Max CLTV
    640–679 70%
    680+ 70%
  3. Interest rate is dependent upon the credit qualifications of the borrower(s).
  4. The annual percentage rate (APR) reflects not only the interest rate but also the fees you have to pay to get the loan. For that reason, the APR is usually higher than the interest rate on fixed rate transactions. Home Loan Payment Example (minimum 20-30% down payment required on purchase transactions):

    A recreational property loan of $100,000 for 15 years at a 8.435% note rate (8.490% APR) will have a monthly payment of $980.94.

 

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