Home Equity Loan Rates
Rates Effective as of August 26, 2024
The following loan rates are available for properties located within the Lower Eastern Shore of Maryland, Accomack County, Virginia and Lower Delaware.
Primary/Secondary Residence - First Lien - Maximum Loan to Value = 80%
| Product | Max. Term | Interest Rate | APR | *Payment per $1,000.00 |
|---|---|---|---|---|
| Fixed Rate | 5 Yrs. | 6.000% | 6.052% | $19.33 |
| Fixed Rate | 10 Yrs. | 6.250% | 6.278% | $11.23 |
| Fixed Rate | 15 Yrs. | 6.500% | 6.520% | $8.71 |
Primary/Secondary Residence - Second Lien - Maximum Loan to Value = 80%
| Product | Max. Term | Interest Rate | APR | *Payment per $1,000.00 |
|---|---|---|---|---|
| Fixed Rate | 5 Yrs. | 7.000% | 7.053% | $19.80 |
| Fixed Rate | 10 Yrs. | 7.250% | 7.279% | $11.74 |
| Fixed Rate | 15 Yrs. | 7.500% | 7.521% | $9.27 |
Appraisal Requirements:
A Drive-By Appraisal will be required for a Loan Amount less than $100,000.00.
A Full Residential Appraisal is required for a Loan Amount of $100,000.00 or more.
Home Equity Loans are available for owner-occupied, single family residences.
Manufactured Home and Loan Home Equity Rates: Please call for current rate information
Home Equity Line of Credit Loans Available - Please call for current rate information
*Monthly loan payment per $1,000 borrowed is based on the interest rate and maximum loan term quoted for each loan product.
Annual Percentage Rate is based on the index for the week of: August 16, 2024
Payments do not include amounts for taxes and insurance premiums, if applicable.
For more information describing the features of Home Equity Loans, please contact your nearest branch office or e-mail.
Subject to Credit Approval.
The interest rates quoted are subject to revision without prior written notice.
