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From our blog.
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What Is a HELOC and How Does It Work?
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¹ APR based on a VA 30 Year 5/1 Hybrid ARM loan amount of $500,000, 780 FICO score with 1% origination fee, 3.148% discount points, exempt from VA Funding Fee, a Loan to Value of 75% plus a $0 underwriting fee financed into the loan. Rate is subject to adjustment after 60 months and may adjust a maximum of 1.000% per year with a lifetime interest rate adjustment cap of 5.000% based on an index currently at 4.220% plus a margin of 2.250, but will not exceed 8.750% during the life of the loan.
² APR based on a VA 30 Year Fixed Rate Mortgage loan amount of $500,000, 780 FICO score with 1% origination fee, 1.864% discount points, exempt from VA Funding Fee, a Loan to Value of 75% plus a $0 underwriting fee financed into the loan.
³ APR based on a VA 15 Year Fixed Rate Mortgage loan amount of $500,000, 780 FICO score with 1% origination fee, 1.880% discount points, exempt from VA Funding Fee, a Loan to Value of 75% plus a $0 underwriting fee financed into the loan.
* Programs, rates, terms, and conditions are available as of 12/19/2024 and are subject to change without notice.