Home Equity Loan
5.30% APR1
A Desert Community Bank home equity loan can help you score big.
The larger the project, the more daunting it can seem. But not if you allow the equity in your home to carry the load.
The power of the home equity loan comes from the might of its one-time lump sum. Home renovation? Significant debt consolidation? Those projects—and many more—seem much smaller when a home equity loan with fixed monthly payments enters the game.
A HOME EQUITY LOAN DESIGNED FOR YOU:
- Enjoy the reliability of a fixed interest rate for as long as you have your loan
- Receive no prepayment penalties
- Cover large expenses with a one-time, lump sum payout
- Get the most out of the variety of terms available
- Available on residential properties
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1HELOANs allow customers the power to pay for large expenses by taking a lump sum of money now, and paying over time with a fixed-interest rate. In addition, it protects customers against payment hikes due to interest rate changes because the payment will remain fixed over the life of the loan.
Rate as of 3/8/2019, The Annual Percentage Rate (APR) calculation is based on a $65,000 loan amount, 10-year term loan in the primary lien position, with a 80% or lower loan-to-value (LTV), minimum credit score of 720, and monthly auto payments established and elected at the time of application to be paid from a borrower’s Flagstar Bank Deposit Account. Actual APR will vary based upon credit history, rates in effect at the time of consummation, loan-to-value (LTV), and other credit factors. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, lien position, or other factors. No bank-imposed closing costs. Borrower will be responsible for prepaid interest and all state and government specific charges and taxes. Borrower is responsible for payment of separate taxes and insurance. Loan amounts greater than $500,000 will require borrower-paid lender’s title insurance.
Residential properties only. Offer not valid in TX. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well.. Offer may be withdrawn without notice. Rates apply to new HELOAN accounts and may not apply to existing HELOAN accounts. You must have verifiable income. All borrowers are subject to qualification, underwriting approval, lender terms, and conditions. Borrower must be a minimum of 18 years of age and a US citizen or permanent resident alien. This does not constitute a rate commitment. Programs available only to qualified borrowers. Rates and programs subject to change without notice. Some restrictions may apply.
CONSIDERATIONS: Fees and charges may vary by product and state. Consolidating or refinancing debt may increase the time and/or the finance charges/total loan amount required to repay debt. Important information will be provided to you in the disclosures you receive after we have received your application and the loan documents you are provided at loan closing. Please consult your tax advisor regarding the deductibility of interest.