Home Equity Loan
Add more home to your home.
Use a home equity loan from MidFirst to remodel your kitchen, add that swimming pool you have always wanted or purchase a vehicle and take advantage of a fixed-rate with a fixed-repayment schedule.
Call 310.270.9500 for personalized assistance.
Equity Loans
| Product | Annual Percentage Rate (APR) as low as* |
|---|---|
| Home Equity Line of Credit – Variable Rate | 7.45% |
| Home Equity Loan – Fixed Rate | 10.61% |
Home Equity Line of Credit: Credit line loan to value ratio cannot exceed 80%. Credit loan minimum is $10,000 and maximum is $400,000. APR: The APR is variable and will vary based on the prime rate (the index) as published in the Wall Street Journal. As of the date listed above, the variable rate for Home Equity Lines of Credit ranged from 7.45% to 8.90%. Maximum APR of 21.00%. Fees: There is an optional Rate Lock fee associated with this product. If you choose to lock a portion of the outstanding balance of the line of credit into permanent financing, a $50 lock fee will apply for each portion you choose to lock; $5,000 minimum lock amount; maximum three outstanding locks per line of credit.
Home Equity Loan: Maximum LTV for 30-year term is 80% and must be in first lien position. For all other terms, maximum LTV is 80%. Credit loan minimum is $10,000 and maximum is $400,000. Home Equity Loan Example: As of the date listed above, a $50,000 loan with a 10-year term, 70% loan to value, and a recent APR of 10.61% has a monthly payment of $677.76. APR listed assumes $50,000 or greater fixed loan amount, excellent credit, and 10-year term
Call 310.270.9500 for personalized assistance.