Home Equity & Consumer Loan Rates
All rates below are subject to change on a daily basis.
Please REFRESH this page each time you visit to be sure you have the latest information.
Home Equity Term Loans - 2nd Mortgage Position
Repayment example based on minimum loan amount
| Loan Type | Annual Percentage Rate | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| Fixed | 5.000% | 5 years | $10,000 | $400,000 | 80% | 60 monthly payments of $188.72 |
| Fixed | 6.000% | 10 years | $15,000 | $400,000 | 80% | 120 monthly payments of $166.53 |
| Fixed | 6.500% | 15 years | $20,000 | $400,000 | 80% | 180 monthly payments of $174.22 |
| Fixed | 7.000% | 20 years | $25,000 | $400,000 | 80% | 240 Monthly payments of $193.83. |
Home Equity Loans - Investment Properties (1st lien only)
Repayment example based on $25,000 loan amount
| Loan Type | Annual Percentage Rate | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| Fixed | 8.75% | 12 years | $25,000 | $250,000 | 60% | 144 monthly payments of $281.00 |
Home Equity Line of Credit
Repayment example based on $25,000 loan amount
| Loan Type | Annual Percentage Rate* | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| First Mortgage HELD by Milford Bank | Prime Rate minus 0.75% 6.00% APR * | 29 years & 6 months | $25,000 | $400,000 | 80% | CREDIT LINE PHASE 114 months interest only -$125.00 REPAYMENT PHASE 240 months principal and interest - $229.17 |
| First Mortgage NOT HELD by Milford Bank | Prime Rate minus 0.75% 6.00% APR* | 29 years & 6 months | $25,000 | $400,000 | 75% | CREDIT LINE PHASE 114 months interest only -$125.00 REPAYMENT PHASE 240 months principal and interest - $229.17 |
*Prime Rate minus the margin of 0.750% results in an initial APR of 6.00%. The Annual Percentage Rate (APR) is adjustable and may change monthly based on the Prime Rate published in the Wall Street Journal, Eastern Edition, plus or minus a margin. As of December 11, 2025, Prime Rate equaled 6.75%.
There is an APR cap of 18.000% and an APR floor of 3.750%. A penalty applies equal to 1% of the credit line amount should the line be paid in full and closed during the first two years. There is no $50.00 annual fee at this time.
Home Equity Line of Credit - Investment Properties (1st lien only)
Repayment example based on $25,000 loan amount
| Loan Type | Annual Percentage Rate* | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| First Lien Position | Prime Rate plus 2.500% 9.25% APR* | 29 years & 6 months | $25,000 | $400,000 | 65% | CREDIT LINE PHASE 114 months in $192.71 REPAYMENT PHASE 240 months principal and interest - $296.88 |
*Prime Rate plus the margin of 2.500% results in an initial APR of 9.25%. There is an APR cap of 18.000% and an APR floor of 3.750%. A penalty applies equal to 1% of the credit line amount should the line be paid in full and closed during the first two years. A fee of $50.00 is payable at the first billing cycle and annually thereafter during the Credit Line Phase.
Collateral Loans
Repayment example based on $5,000, 6.50% margin , and 1 year term
| Loan Type | Annual Percentage Rate | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| TMB Passbook or Certificate of Deposit | Dep. Rate plus 6.50% | 5 years up to Maturity of Collateral | $5,000 | NONE | 90% | Variable. As an example, if your deposit rate is 1%, when the highest margin of 6.50% is used, the monthly payment is $433.79 |
| Dep. Rate plus 5.00% | 5 years up to Maturity of Collateral | $20,000 | NONE | 90% | ||
| Dep. Rate plus 3.50% | 5 years up to Maturity of Collateral | $75,000 | NONE | 90% | ||
| Credit Builder | 10.18% APR | 1 Year | $500 | $500 | 12 monthly payments of $44 |
Overdraft Protection
| Loan Type | Annual Percentage Rate | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| (Currently Capped at 18%) | Prime Rate plus 10.0% 16.75% APR | Revolving | $500 | $2,500 | N/A | Prime +10%; Interest only of $6.98 per $500 borrowed. Principal additional. $25 annual fee. |
*Prime Rate plus the margin of 10.0% results in an initial capped APR of 16.75%. The Annual Percentage Rate (APR) is adjustable and may change monthly based on the Prime Rate published in the Wall Street Journal, Eastern Edition, plus or minus a margin. As of December 11, 2025, Prime Rate equaled 6.75%. A fee of $25.00 is payable at the first billing cycle and annually thereafter during the Credit Agreement Phase.
Personal Loans
Repayment example based on $25,000 loan amount
| Loan Type | Annual Percentage Rate | Term | Minimum Amount | Maximum Amount | LTV | Repayment Examples |
|---|---|---|---|---|---|---|
| Fixed | 18.000% | 3 years | $2,500 | $5,000 | N/A | 36 monthly payments of $90.51 |