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Find locally-sourced financing as close as your own home. Your equity can help you pay for remodeling, college tuition, and more.

Key Features

  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible1
  • Local decision-making and processing just down the street
  • Attentive, friendly service from start to finish
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via check, online transfer to deposit account, or in person at Bank Financial Center
  • The interest paid might be tax deductible1
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing just down the street
  • Attentive, friendly service from start to finish

1Consult a tax advisor.

 

HOME EQUITY LOAN

5.70% APR*

Home Equity Loan

 

5.70% APR*

 

* Interest Rates are accurate as of 10/01/18.  Preferred Interest Rate - The interest rate is a fixed interest rate. The rate includes a 0.25% discount for an automatic payment from an OFBC deposit account.  Add 0.25% to the interest rate if no auto payment is confirmed or is cancelled during the life of the loan.  The 5.70% Annual Percentage Rate (APR) and disclosures above are based on $10,000.00 loan. The APR is based on 30 days to first payment.  Closing cost up to: $700.00, requires a credit score of 700 or higher, for primary residence loans of up to 80% loan to value (LTV) on single-family owner occupied properties. (No mobile homes).  Consult your tax advisor regarding tax deductibility.  No prepayment penalty. Escrow of real estate taxes and flood insurance may be required. Homeowners insurance and hazard insurance required. A lien release fee of $32.00 will be assessed at loan termination. $275.00 appraisal fee deposit is required. If loan closes, your deposit will be refunded.  Offer is subject to qualifications and may vary.  Income verification required.  Offer subject to qualification and approval and may be withdrawn at any time. 

*Subject to credit and property approval.