*Share Secured Loans are variable rate, adjusted monthly
Real Estate Loans
Loan Type
Term
APR
Home Equity Loan
n/a
8.11% Variable
1st Mortgage Home/Land
7 Years w/ Balloon
7.00%
1st Mortgage Home/Land
10 Years
7.50%
1st Mortgage Home/Land
15 Years
8.50%
Construction Loan
1 Year
10.00%
Home Equity Loan rate is adjusted every March and September
Mobile Home Loans
Loan Type
Term
APR
Mobile Home Only
10 Years
9.00%
Mobile Home with Lot
10 Years
9.00%
Mobile Home Only
up to 10 Years
9.00% Variable
Mobile Home with Lot
up to 10 Years
9.00% Variable
Variable-Rate mobile home loans are adjusted quarterly
Business/Agricultural Loans
Loan Type
Term
APR
Operating Loan
12 months
10.00% Variable
Chattel Fixed-Rate Loan
60 months
7.00%
Chattel Variable-Rate Loan
60 months
10.50% Variable
Financial Statement Tier 1 (up to 25%)
60 months
11.00% Variable
Financial Statement Tier 2 (over 25%)
60 months
12.50% Variable
Operating Loan, Financial Statement and Chattel Variable Loan are variable rate loans, based on Prime and adjusted quarterly
APR = Annual Percentage Rate, is simple interest without compounding. For example, $10,000 @ 6.00% APR for 2 years will produce $600 of interest per year (or $300 semiannually, or $150 quarterly, or $50 monthly).
