Rates accurate as of August 13, 2020
| HELP Type | Annual Percentage Rate (APR) | Amortized Term | Loan Fee |
|---|---|---|---|
| 4.750% Fixed (80% Max LTV) | |||
| 4.750% Fixed (80% Max LTV) | 5.016% | 10 Years | $0 |
| 5.250% Fixed (90% Max LTV) | |||
| 5.250% Fixed (90% Max LTV) | 5.523% | 10 Years | $0 |
| 5.500% Fixed (80% Max LTV) | |||
| 5.500% Fixed (80% Max LTV) | 5.695% | 15 Years | $0 |
| 6.000% Fixed (90% Max LTV) | |||
| 6.000% Fixed (90% Max LTV) | 6.201% | 15 Years | $0 |
| 6.500% Fixed (80% Max LTV) | |||
| 6.500% Fixed (80% Max LTV) | 6.641% | 25 Years | $0 |
| 7.000% Fixed (90% Max LTV) | |||
| 7.000% Fixed (90% Max LTV) | 7.147% | 25 Years | $0 |
| 4.750% ARM (80% Max LTV)* | |||
| 4.750% ARM (80% Max LTV)* | 4.840% | 25 Years | $0 |
| 5.250% ARM (90% Max LTV)* | |||
| 5.250% ARM (90% Max LTV)* | 5.344% | 25 Years | $0 |
| Green Choice Retrofit: 4.500% (80% Max LTV) | |||
| Green Choice Retrofit: 4.500% (80% Max LTV) | 4.762% | 10 Years | $0 |
| Green Choice Retrofit: 5.000% (90% Max LTV) | |||
| Green Choice Retrofit: 5.000% (90% Max LTV) | 5.270% | 10 Years | $0 |
Product for owner-occupied purchases & refinances.
FIXED-RATE HELP PAYMENT CALCULATIONS
Calculations based on $100,000.00 loan. Payment calculations are principal and interest.
- 25-Year HELP Loan (90% LTV): Interest rate 7.000%, Annual Percentage Rate (APR) 7.147%, 300 monthly payments of $706.78 each, total interest paid $112,033.08
- 25-Year HELP Loan (80% LTV): Interest rate 6.500%, Annual Percentage Rate (APR) 6.641%, 300 monthly payments of $675.21 each, total interest paid $102,561.06
- 15-Year HELP Loan (90% LTV): Interest rate 6.000%, Annual Percentage Rate (APR) 6.201%, 180 monthly payments of $843.86 each, total interest paid $51,893.80
- 15-Year HELP Loan (80% LTV): Interest rate 5.500%, Annual Percentage Rate (APR) 5.695%, 180 monthly payments of $817.08 each, total interest paid $47,075.43
- 10-Year HELP Loan (90% LTV): Interest rate 5.250%, Annual Percentage Rate (APR) 5.523%, 120 monthly payments of $1,072.92 each, total interest paid $28,749.92
- 10-Year HELP Loan (80% LTV): Interest rate 4.750%, Annual Percentage Rate (APR) 5.016%, 120 monthly payments of $1,048.48 each, total interest paid $25,817.19
- 10-Year Green Choice Retrofit HELP Loan (90% LTV): Interest rate 5.000%, Annual Percentage Rate (APR) 5.270%, 120 monthly payments of $1,060.66 each, total interest paid $27,278.47
- 10-Year Green Choice Retrofit HELP Loan (80% LTV): Interest rate 4.500%, Annual Percentage Rate (APR) 4.762%, 120 monthly payments of $1,036.38 each, total interest paid $24,366.21
*The HELP ARM Index is based on the Federal Home Loan Bank (FHLB) 11th District Cost of Funds (COF). Rates may go up for closed-end variable rate home equity loans.
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.
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