Home Federal Bank Home Loans

Other benefits include:

• Rates as low as 4.25% APR*
• No closing costs to the borrower on loans less than $50,000*
• The interest you pay may be tax deductible
• 5-year program in which payments are interest only on a monthly basis

You can access the funds at your own convenience through:

• Check
• Mobile Banking
• Online Transfer
• In-bank transaction

Contact us today to apply!

Disclaimer:
*APR - Annual Percentage Rate will vary daily based on the Prime Rate published daily in the Money Rates section of the Wall Street Journal (WSJ). Rate will not change during the first 30 days. After 30 days, the APR will vary daily based on the published WSJ Prime Rate (as of 10-24-12, prime rate was 3.25%) and is subject to change. NOT E: Your APR will never be lower than the Home Equity Line of Credit (HELOC) floor rate of 4.25%. Your APR will never be higher than 21.00% or the maximum rate allowed by applicable law. Your APR may be higher than the advertised rate based on the lendable equity value of your 1-4 family, owner-occupied dwelling, your credit history, and other factors. This offer is valid for new HELOCs and does not apply to existing HFB HELOCs nor to any HELOC closed in conjunction with a first mortgage product. For this offer, the minimum line amount is $10,000 and a maximum line amount is $50,000. Property insurance is required and flood insurance required where necessary. HELOC is a revolving line of credit with a five (5) year term during which time you are allowed to make multiple advances of amounts equal to or less than your HELOC credit limit. Over-limit fees and stop-payment fees do apply. In addition, interest only payments will be due on the 15th of each month of the term, except for a final balloon payment, equal to principal, accrued interest, and any unpaid fees, due on the maturity date. Your total indebtedness (HELOC amount plus any other outstanding mortgage loans) cannot exceed 89.99% of the fair market value of your home. There are no closing costs or fees required to open a HELOC of $50,000.00 or less. All HELOCs are subject to a $50.00 Annual Fee, except during the first contract year. If a HELOC is closed within 3 years of the contract date, you will be charged a $300 early closure fee to reimburse us the costs we incurred to establish the line. Other potential fees include a $30.00, Returned Item Fee, $30.00, Stop Payment Fee, $50.00 Over Limit Fee, and $15.00 Late Payment Fee. Other conditions and restrictions may apply. Consult your tax advisor regarding the deductibility of interest. Offer is subject to credit approval. Offer subject to change at Home Federal Bank's discretion.
†Lendable Equity: The amount represented by the current, appraised value of your home minus any existing debt secured by your home.

NMLS# 503926