1Home equity loans are not available in Texas or Puerto Rico. Monthly payment of $1449.96 based on a single family, owner occupied, 6.1660% APR, 80% Loan-to-Value (LTV), five-year term First Lien home equity loan for $75,000 for borrowers with excellent credit.. Monthly payment does not include taxes and insurance. This is only an example. Your rate may vary based on a number of factors, such as Loan-to-Value ratio (LTV), credit score, term and property type. Title insurance is required on loan amounts greater than $400,000. Other fees may apply 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. Available on 1-4 family primary or secondary residences. 2-unit and 3–4-unit properties have a maximum LTV of 80% and 75%, respectively. Property and/or flood insurance is required. All loans and lines of credit are subject to approval and collateral evaluation. The LTV 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. 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. 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. Additional restrictions, limitations and exclusions may apply, offer subject to change, please contact an Ardent representative for further details and current rates. Equal Opportunity Lender. NMLS 498568
2APR = Annual Percentage Rate. APR includes a $299 origination fee. APR shown is for first and second lien position home equity loans, single family, owner occupied, and for a 80% or 90% Loan-to-Value (LTV) and various terms for borrowers with excellent credit. Ardent has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower's credit worthiness, Loan-to-Value (LTV), term and lien position. Rates are subject to change at any time. Other fees may apply 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. APR effective as of date shown and is subject to change without notice. Rate reflects a 0.25% discount for loan payment via automatic funds transfer from an Ardent checking account. Otherwise, rate 0.25% higher. The rate(s) shown are the lowest available for each of terms listed. Loan subject to credit approval. Additional terms and rates available.
3Introductory rate of 6.99% 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 7.50%). The APR will never be higher than 18.00% in a variable-rate plan. 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. Additional restrictions, limitations and exclusions may apply, offer subject to change, please contact an Ardent representative for further details and current rates.
