Equity / Personal Loan Rates
Equity Loan Rates
Use the equity in your home to finance some of life's larger expenses. Visit a Banking Center near you today to apply!
Effective: 11/10/2011
MasterLine EQUITY LINES OF CREDIT
Lock in a low rate of 2.99% APR
* for 15 Months on a new MasterLine Equity Line of Credit!
Learn more and apply today!
WSJ Prime: 3.25% (As of 4/30/2010)
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Combined Loan-to-Value 80% or less |
Combined Loan-to-Value 80.01% - 95%
|
| |
Loan Amounts |
Rate |
APR |
Rate |
APR |
| Tier 1: |
$10,000 - $24,999 |
Prime + 2.00% |
5.25% |
Prime + 2.50% |
5.75% |
| Tier 2: |
$25,000 - $99,999 |
Prime + 0.50% |
4.75% |
Prime + 1.00%* |
4.75% |
| Tier 3: |
$100,000 - $200,000* |
Prime + 0% |
4.75% |
Prime + 0.50%* |
4.75% |
Min. Interest Rate: 4.75% | Max. Interest Rate: 18.00%
Combined Loan-to-Values (CLTV)
*CLTVs greater than 80% will be limited to a maximum $100,000 credit line.
Origination Fee:
$200 (Tier 1 Only.)
Closing Costs:
Tier 1: Borrower is responsible for all closing costs, except recording fees.
Tier 2 & 3: First Federal Bank will pay origination fee and all closing costs, except Kansas Mortgage Registration Tax, if applicable.
MasterLine Variable Rates:
The APR may vary monthly.
MasterLine Payments:
Greater of monthly accrued interest or $50, billed on the 4th of each month, due by the 30th (after maturity, minimum monthly payment is 1.7% of outstanding principal balance).
*APR = Annual Percentage Rate. After the introductory period, the APR will vary for the remaining life of the loan. As of 1/12/2012 the variable rate for lines of credit is Prime + .50% to Prime + 1.00% APR. The rate will not exceed 18% APR and the minimum rate is 4.75% APR. Available on lines of credit of $25,000 or more, up to 80% combined loan-to-value (First mortgage balance + Equity line credit limit / Property Appraised Value). No closing costs on lines of credit of $25,000 or more. Kansas residents required to pay Kansas Mortgage Tax ranging from $65 to $260. Pre-payment fee of $500 may apply. First Federal Bank checking account required. Subject to credit approval. Property insurance required. Rates are subject to change without notice. Offer available for new MasterLine Equity Lines of Credit only.
FIXED RATE EQUITY LOANS
| |
60 - 120 Months |
>121 - 180 Months
|
| |
Loan Amounts |
Rate |
APR |
Rate |
APR |
| Tier 1: |
$10,000 - $49,999 |
8.25% |
8.34% |
8.50% |
8.57% |
| Tier 2: |
$50,000 - $100,000* |
8.25% |
8.30% |
8.50% |
8.53% |
For loans less than an 80% loan-to-value, reduce rates above by 1.00%
Annual Percentage Rate (APR)
The APR assumes the maximum loan amount for the maximum term. For example, a $49,999.00 / 85% CLTV loan, 180 monthly payments of $493.00 would be required.
*Requests for larger loan amounts up to $200,000 considered on a case-by-case basis for homes with a CLTV of 80% or less only.
Origination Fee:
$200 Origination Fee for all Fixed Rate Equity Loans.
Closing Costs:
Tier 1: Borrower is responsible for all loan closing costs, except recording fees.
Tier 2: First Federal Bank will pay all closing costs, except Origination Fee and Kansas Mortgage Registration Tax, if applicable.
Automatic Loan Payments (ALP):
Deduct 0.25% from rate or margin when ALP payment option from a First Federal Bank checking or savings account is selected for Fixed-Rate Equity Loans.
Rates and fees are subject to change without notice.
Auto / Title Vehicle Loans
Purchase the car, truck or SUV you need with affordable financing from First Federal Bank. Visit the Banking Center nearest you today to apply!
Effective: 11/10/2011
| |
Loan Amounts |
Term* |
Interest Rate |
APR |
| Tier 1: |
$7,500 - $14,999 |
60 mo |
8.50% |
8.79% |
| Tier 2: |
$15,000 - $29,999 |
60 mo |
6.50% |
6.64% |
| Tier 3: |
$30,000 - $50,000 |
60 mo |
5.875% |
5.96% |
Annual Percentage Rate:
The APR assumes the maximum loan amount. For example, a $15,000 loan amount with 60 monthly payments of $308.00 would be required.
Maximum Mileage: 85,000 miles
Maximum Loan Amounts:
New Cars (2011-2012 Model Years): Lesser of purchase price or 90% of MSRP ("sticker" price)
Used Cars (2005-2011 Model Years): Lesser of purchase price or NADA Trade-In Value (Vehicles with "Salvage" Titles ineligible for financing.
Fees & Costs:
$200 for Auto / Titled Vehicle Loans
Title Fees:
Borrower is responsible for all costs associated with Recording/Title Fees, if applicable.
Automatic Loan Payments:
Deduct 0.25% from rates above when automatic loan payments are made from a First Federal Bank checking or savings account.
Download Automatic Loan Payment Form.
Other Titled Vehicles (Boats, Motorcycles, RVs, Personal Watercraft, etc):
Other types of vehicle loans are considered on a case-by-case basis.
Maximum Loan Amounts, Other Titled Vehicles:
New Vehicles: 75% of the lesser of purchase price or MSRP
Used Vehicles: 75% of the lesser of purchase price or NADA value.
*Requests for terms longer than 60 months require approval and are considered on a case-by-case basis.
Rates and fees are subject to change without notice.