Choose the loan that’s right for you.
Remodel your kitchen. Build an addition. Or consolidate your debt. These loans offer competitive rates and a chance to achieve whatever goals you have in mind.
Home Equity Loan
|60 Months||85% of Appraised Value||2.875%||2.875%*|
|84 Months||85% of Appraised Value||3.000%||3.000%*|
|120 Months||85% of Appraised Value||3.250%||3.250%*|
|180 Months||85% of Appraised Value||3.875%||3.875%|
|240 Months||85% of Appraised Value||4.000%||4.000%|
*Rate requires $10,000 new money borrowed and auto pay from a cfsbank Checking Account for 60, 84 and 120 months term only.
**Maximum loan amount not to exceed 85% of appraised value only when cfsbank is the senior lien. Maximum loan amount not to exceed 80% of appraised value when another lender is the senior lien.
Above APR assumes a $100,000 loan amount for term stated. Monthly payment example: 240 monthly payments of $6.06 per $1,000 borrowed at 4.000% Interest Rate with a corresponding 4.000% APR. The above payment example does not include payment for taxes and property insurance and the actual payment obligation will be greater. Other rates and terms available.
|Term||Minimum Amount||Maximum Amount**||Rate||APR*|
|240 Months||$10,000||85% of Appraised Value||2.99%||2.99%|
* Annual Percentage Rate
** Maximum loan amount not to exceed 85% of appraised value only when cfsbank is the senior lien. Maximum loan amount not to exceed 80% of appraised value when another lender is the senior lien.
Monthly Payment Example: If you made only the minimum monthly payment and took no other credit advances, it would take 20 years to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 2.99%. During the Draw Period, you would make 120 monthly payments varying between $96.52 and $100.00. During the Repayment Period, you would make 119 monthly payments of $24.92. This would be followed by a final payment of $3.21. (payment does not include payment for escrow account (taxes, insurance, etc.)