Equity Loan Rates: No Closing Costs!1

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Rates are valid as of February 17, 2012 and are subject to change

Home Equity Lines of Credit (HELOCs)

Minimum Draw of $15,000. Minimum Line Amount $25,000.

Loan Maximum Amount2 Term (Years) 3 Maximum CLTV 4 Rate/
APR 5		 Margin Payment per $1000 6
Prime Plus HELOC $100,000 10/15 65% 4.25% 1.00% $3.54
Relationship HELOC $100,000 10/15 65% 4.00% 0.75% $3.33
Requires existing Provident first mortgage, direct deposit of payroll, or other qualifying account or product. Call for details.
5-Year Fixed Prime Plus HELOC8 $100,000 15/10 65% 6.25%
(6.09%)		 0.25% $5.21
5-Year Fixed Prime HELOC8 $100,000 15/10 65% 6.00%
(5.84%)		 0.00% $5.00
Requires existing Provident first mortgage, direct deposit of payroll, or other qualifying account or product. Call for details.

Closed End Equity Loans (Second Mortgages)

Minimum Loan Amount: $25,000

Loan Maximum Amount2 Term (Years) Maximum CLTV 4 Rate/
APR 5		 Margin Payment per $1000 7
10 Year Fixed $100,000 10 65% 6.50% 0.00% $11.35
15 Year Fixed $100,000 15 65% 6.50% 0.00% $8.71
Maximizer $100,000 5 65% 6.25% 0.00% $19.45

For more information or to apply by phone, call (800) 632-4600 and select option 3.

1. Provident Credit Union will pay for title, appraisal, escrow fee, recording fees, credit report, and flood certification on new lines of credit up to $100,000 only. There is a $150 processing fee due at the time you submit your application which is refunded when the loan is funded. Properties located in the rural areas require a drive-by appraisal to 65% LTV/CLTV at borrower's cost.
2. Credit approval required. Single unit owner occupied California residential only (single family residence, townhouse, or condominium). Adequate property insurance required for life of loan. Flood insurance may be required.
3. On lines of credit, first figure is initial draw period and second figure is fully amortized re-payment period with no further line advances available.
4. CLTV= Combined Loan to Value ratio. This includes first mortgages and all subordinate liens.
5. APR - Annual Percentage Rate is subject to change without notice. Rates quoted are effective on date of publication. When rate and APR are not the same, the APR appears in parentheses.
6. Initial monthly payment is based on the interest rate listed, per $1,000 of amount drawn with the term listed, paying interest only during the initial draw period.
7. Initial monthly payment is based on the interest rate listed, per $1,000 of amount drawn with the term listed, fully amortized.
8. The initial rate is fixed for the first five years, and then adjusts monthly thereafter.
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