Home Equity Interest Rates Effective Apr 01 2014
Type of Loan APR* Loan Terms
ChoiceLine Equity - Home Equity Line of Credit
Primary Residence - 80% or less Loan-to-Value (LTV) Value is based on tax assessed value and verified by independently certified valuation; or full appraisal. Member pays cost for appraisal. Value method and cost determined at time of application. Category is limited to stick built homes. 3.25% variable APR rate. Rates for fixed term advances taken against the line range from 3.74%-5.49% APR.

Draw period for line of credit is 10 years. Fixed term advances taken during or after the draw period may range from 12-180 months. The total rate adjustment cannot exceed 18% Annual Percentage rate over the life of the loan.

Primary Residence - Over 80% Loan-to-Value (LTV) on stick built homes. Manufactured Homes must be new or last 9 model years and limited to 80% or less LTV. Must be classified as real property & located on land in the borrower's name. Value is based on tax assessed value and verified by independently certified valuation; or full appraisal; member pays cost for appraisal. Value method and cost determined at time of application. LTV over 80% is an exception and requires additional review and approval. 5.25% variable APR rate. Rates for fixed term advances taken against the line range from 5.74% to 6.99% APR.

Draw period for line of credit is 10 years. Fixed term advances taken during or after the draw period may range from 12-180 months. The total rate adjustment cannot exceed 18% Annual Percentage rate over the life of the loan.

Equity Express
Equity Express is an easy no-hassle home equity loan! Owner occupied primary residence. Manufactured home with land must be classified as real property. Must be new or last 14 model years and located on land in the borrower's name. Value is based on tax assessed value and verified by independently certified valuation. Loan amount is limited to 80% of less of value. TwinStar must be in junior lien position only. 3.74% fixed APR. Minimum Loan Amount: $5,000 Maximum Loan Amount: $30,000

Maximum 60 month term. Processing fees may be waived (escrow, flood determination,title insurance, and recording). Processing fees apply ($300.00) if paying off funds in a TwinStar ChoiceLine Equity.

Home Equity Loan
Primary Residence: 80% or less Loan-to-Value (LTV). Limited to stick built homes. TwinStar must be in junior lien position only. Rates range from 3.74% - 5.49% fixed APR.

Terms range from 60 months - 180 months. Rate is based on term. LTV is 80% or less. Value is based on tax assessed value and verified by independently certified valuation; or full appraisal. Borrower pays cost for appraisal. Value method and cost determined at time of application.

Primary Residence over 80% Loan-to-Value (LTV) and Manufactured Homes (limited to 80% or less LTV). Manufactured homes are limited to new or last 14 model years. Must be classified as real property and must be located on land in the borrower's name. TwinStar must be in junior lien position only. Rates range from 5.74% - 6.99% fixed APR.

Terms range from 60 months - 180 months. Rate is based on term. Over 80% LTV may be considered for permanent construction property. LTV is limited to 80% of less for manufactured homes. Value is based on tax assessed value and verified by independently certified valuation; or full appraisal. Borrower pays cost for appraisal. Value method and cost determined at time of application.

* APR = Annual Percentage Rate. All rates based on approved credit.