Maximum loan amount: $350,000
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Maximum loan to value ratio:
- 80%
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Term:
- 0 to 120 months, minimum loan $10,000
- 121 to 180 months, minimum loan $20,000
- 181 to 240 months, minimum loan $30,000
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Closing Costs:
- No closing costs up to 100,000
- For loan amounts of $100,001 up to product maximum, the member will pay mortgage tax.
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Appraisal Fee:
- Equity Loans with loan to value greater than 60% and/or loan amount of $250,000 or greater will require an appraisal.
