1There is a minimum collateral evaluation fee of $325 on any home equity loan. This fee may be higher based on property type and state where property is located. Certain states, such as New York and Florida, incur a tangible tax that will be paid by the borrower. Monthly payment of $916.51 based on a 3.74% APR, 80% Loan-to-Value (LTV), five-year term First Lien home equity loan. Monthly payment does not include taxes and insurance. Home equity loans are not available in Texas and Puerto Rico.
Available on 1-4 family primary or secondary residences. Property and/or flood insurance is required. All loans and lines of credit are subject to approval and collateral evaluation. Fees and charges may apply. Additional restrictions, limitations and exclusions may apply, offer subject to change, please contact an Ardent representative for further details and current rates.
The combined loan-to-value ratio is the sum of the balance outstanding on your first mortgage, if any, and the amount of your new home equity loan or credit line divided by the fair market value of your home. Loan over $250,000 require title insurance. Property must have a clean title and adequate appraisal to qualify. Per membership eligibility, you must maintain $5 in a savings account to utilize the credit union’s services. Equal Opportunity Lender. NMLS 498568
2Annual Percentage Rate (APR) effective as of date shown and is subject to change without notice. APR may vary depending on creditworthiness, loan amount, and loan-to-value. Rate reflects a 0.25% discount for loan payment via automatic funds transfer from an Ardent checking account. Otherwise, rate 0.25% higher. Home Equity Loans exceeding 80% LTV require strong creditworthiness. The rate(s) shown are the lowest available for each of terms listed. The rate you receive will be determined by your credit worthiness at the time of application and the term of your loan. Loan subject to credit approval. Additional terms and rates available. Rates shown are for primary residences only.
3Introductory rate of 2.99% APR is for the first 12 months after the loan open date. At the beginning of the 13th month, your regular rate will go into effect which is based on the value of an index (the Prime Rate published in the Wall Street Journal, currently at 3.25%). The APR will never be higher than 18.00% in a variable-rate plan. Loans more than $250,000.00 require title insurance. If you close your home equity line of credit within 36 months of opening, you will be required to reimburse the Credit Union for the bona fide third party fees paid on your behalf which could range from $250.00 to $2,500.00. Property insurance is required.