¹Desert Community Bank Home Equity Line of Credit (HELOC) is a variable rate, revolving line of credit secured by residential property only; specifically, 1-4 unit owner-occupied homes, modular homes, and owner-occupied secondary homes. The annual percentage rate (APR) is based on the Wall Street Journal prime rate (index) as of October 31, 2019, plus a margin for HELOC amounts between $10,000 and $1 million with a combined loan-to-value (CLTV) ratio of 80% or lower. Effective February 1, 2020, a 3.49% APR promotional rate is available for 6 billing cycles after which the current variable APR will range from 5.49% to 21.00%. It will not exceed 21.00% APR. APR following the 6-month promotional APR reflects a .50% interest rate discount that is available for HELOCs with monthly automatic payments (ACH) established and elected at the time of application to be paid from a borrower’s Desert Community Bank Deposit Account. The promotional rate is not available for purchase transactions or for refinance of current DCB (Desert Community Bank) transactions during the 36-month recapture period. The interest rate discount is not available during the promotional period but will apply at the maturity of the promotional rate. Actual APR will be based on the variable rate index value in effect at the time of account opening, plus a margin determined by the borrower's credit qualifications, the amount of the line of credit, lien position, CLTV ratio, type of property, and other factors. APR remains variable for the life of the loan. Annual fee is $75 per year and is waived the first year. The HELOC must remain open for at least 36 months to avoid payment of closing fees, including, but not limited to, title, appraisal, notary and recording fees. Loan amounts greater than $500,000 require borrower-paid lender's title insurance. Borrower is responsible for paying required government taxes and fees at closing. During the 10-year draw period, (a) for the interest-only payment terms, the minimum payment for each billing cycle will equal the greater of $100 or the finance charges that have accrued for that billing cycle or (b) for the principal and interest payment terms, the minimum payment for each billing cycle will equal the greater of $100 or the amount sufficient to repay the account balance in full by the maturity date in substantially equal payments plus the finance charges that accrued for that billing cycle, and other fees, charges and costs. If the repayment period extends to 20 years, the minimum payment for each billing cycle will equal the greater of $100 or the amount sufficient to repay the account balance in full by the maturity date in substantially equal payments plus the finance charges that accrued for that billing cycle and other fees, charges, and costs. The borrower is responsible for separate payments of property taxes and insurance. 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. The borrower must have verifiable income. Offer may be withdrawn without notice. Rates apply to new HELOC accounts and may not apply to existing HELOC accounts. Offer not valid in TX. For qualified borrowers. Subject to credit approval, underwriting approval, and lender terms and conditions. Programs subject to change without notice. Some restrictions may apply. Not a commitment to lend.

CONSIDERATIONS: Fees and charges may vary by product and state. Please consult your tax advisor regarding the deductibility of interest. Consolidating or refinancing debt may increase time and/or the finance charges/total loan amount required to repay the 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.