Your home is one of your most valuable assets.
Our home equity lines of credit and loans will provide you with an affordable way to put your home to work for you.
What you can do with your new home equity from Lexington
- Pay off an existing home equity with a great low rate
- Consolidate high interest rate debt
- Start your new home improvement project
Home Equity Loan
Are you looking for a fixed monthly payment? Do you have a specific purchase you would like to make? Our no closing cost home equity loan could be the option for you.
Home Equity Line of Credit
Are you looking for a low rate revolving line of credit that you can have available for life needs? Our no closing cost home equity line of credit provides flexible payment options and instant access to your line of credit that you can use now or in the future.
Home equity line of credit as low as 7.00%
Home equity loan as low as 7.00%
RATES
HOME EQUITY LINE OF CREDIT
| Loan to Value | Rate as low as: |
| 80% | Prime |
| 85% | Prime + 1.5% |
- Minimum line is $25,000
- 10 year draw period
- 20 year repayment period
- 30 year payment amortization
HOME EQUITY TERM LOAN
| 5 Years | |
| 80% | 7.00% |
| 85% | 7.25% |
| 10 Years | |
| 80% | 7.25% |
| 85% | 7.50% |
| 15 Years | |
| 80% | 8.00% |
| 85% | 8.25% |
- Minimum line is $25,000
The eligible property types will be comprised of the following:
1 to 4-unit owner occupied, 1 to 4-unit non-owner occupied, modular home, vacation home and second homes.
- Maximum loan to value for owner occupied homes is 85%.
- Maximum loan to value for non-owner occupied homes is 80%.
- No closing costs if you keep your account open for at least two years from the date of your closing.
- Non-owner occupied closing costs paid at closing by the borrower.
