Home » Lending-rates
Rates are subject to change at any time. In some cases, rates are based on the most recent Prime rate as published in the Wall Street Journal. Please call (219) 365-6700 to verify the current rates. Thank you.
Home Equity Line of Credit
Home Equity Loans (Second Mortgages)
- Loan to Value (LTV) Ratio: 80% or less
- Loan fee: $600
- 3rd party fees to be paid by borrower
* Example APRs are based on a typical loan of $60,000.00, assuming stardard loan fees. A $60,000 mortgage with a 10-year fixed rate at 3.875% would have 120 monthly principal/interest payments of $603.91.
- Minimum loan amount of $2000
- The age of the car (in model years) plus the term of the loan shall not exceed 7 years
- The value of the vehicle is based on the lower value between the sale price and the Red Book value
- Loans on vintage or collectible automobiles are available at negotiated terms
Rates also available for other vehicles such as:
- Wave Runners
- Motor Homes
- Campers / Travel Trailers
- Boats and Boat Trailers
Contact a lender for a rate quote on your specific vehicle.