Rates accurate as of October 29, 2020
HELOC Type Interest Rate Annual Percentage Rate (APR) Loan Fee
LTV - Up To & Including 80%
LTV - Up To & Including 80% 4.000% Variable 4.000% $0
LTV - Up To & Including 80.01% - 90.0%
LTV - Up To & Including 80.01% - 90.0% 4.625% Variable 4.625% $0

$50 annual fee after the 1st year. The value of the index is based on the Wall Street Journal Prime Rate. The rate is computed by adding the Wall Street Journal Prime Rate + our margins of .125 or 1.375. The current Wall Street Journal Prime Rate is 3.250%, however, we have an Annual Percentage Rate minimum (floor) of 4.00%. The maximum Annual Percentage Rate (APR) is 18.000%.

*Maximum Loan Amount is $250,000; however, the following stipulations apply:

  • If Olyfed is in 1st lien position, 90% maximum loan to value up to $150,000
  • If Olyfed is NOT in 1st lien position, 80% maximum loan to value up to $150,000
  • 75% maximum loan to value for loan amounts $150,001 – $250,000.
  • 75% maximum loan to value if the purpose of the HELOC is for debt consolidation

Member FDIC
Equal Housing Lender