NMLS #469349
Additional Disclosures
- All terms are subject to change. We will take a security interest in your home (collateral). You could lose your home if you do not meet the obligations in your agreement with us. Offer valid on owner occupied property only where collateral loan to value is 90% or less and excludes all loans already financed at the credit union. Proof of income required, subject to normal underwriting guidelines. Other restrictions may apply. Consult your tax advisor about potential tax benefits.+Simple Renovation HELOC value based on completion of the renovation, draw limits based on percentage of work completed, and 12-month maximum renovation period.
*Introductory Annual Percentage Rate (APR) of 4.99% begins on date of closing and is effective for 6 months. After the 6-month period, the variable rate APR as disclosed in your Home Equity Line of Credit Account Credit Agreement and Disclosure Statement will apply. Introductory APR offered on new Dort Financial HELOCs. Members who currently have a Home Equity Line of Credit through Dort Financial are not eligible. Introductory APR offer good through June 30, 2024. Current variable APRs are based on the prime rate and margin. Currently variable APRs as low as 8.00% based on the Wall Street Journal Prime Rate. Maximum APR that may apply is 25.00%. 10-year draw period. Minimum loan amount of $1,000. Maximum loan amount $500,000
**Closing costs typically include appraisal, title insurance, recording fee and range from $350 to $1,200. These costs are initially waived by the credit union. Repayment of waived costs will be required if the HELOC is closed and cancelled within 24 months of origination. Property insurance required. Monthly payments based on your accrued finance charge. Programs, rates, terms and conditions are subject to change without notice. Properties in Florida are subject to document stamps, paid by the borrower.
