Lyon County State Bank
Residential Loans
Home Equity Line of Credit
Access to your dreams is waiting in the equity of your home! Travel to Paris or Pittsburgh, Cologne or Colorado! The destination is yours to pick!
Thinking of something closer to home? Put in a new pool or patio, remodel a bathroom or living room, add new landscaping or an in-ground sprinkler system. With a Home Equity Line of Credit you can do it all!
Payment options
- 1.00% of balance
- 2.00% of balance
| Floor | Ceiling | |
| Interest Rate | 4.25% | 10.25% |
| APR | 4.25%¹ | 10.25%² |
*Based on Wall Street Journal Prime Rate + 1.00%
*Rates effective as of 3/18/2020
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Speak to a lender – Call 620.342.3523
Important Information
1.) Annual percentage rate (APR) is based on the New York Prime Rate published by the Wall Street Journal plus a margin of 1.00%.
2.) APR is based on the Maximum Lifetime Rate of 10.25%.
*Sample payment information based on estimated loan information on a 1.00% Repayment Term
- Minimum Payment Example: If you made only the minimum payments and took no other credit advances, it would take 60 months to pay off a credit advance of $10,000 at an APR of 6.5%. During that period, you would make 59 payments varying between $100.55 and $76.77 and one final payment of $7,642.60.
- Maximum Rate and Payment Examples: If you had an outstanding balance of $10,000, the minimum payment at the maximum APR of 10.25% would be $100.87. This APR could be reached in the 1st rate adjustment of the Draw Period.
*Loans subject to credit approval; terms and conditions apply. Minimum line of credit amount is $10,000. Rates and terms are subject to change without notice. Other conditions may apply. Contact the Loan Department for full details.
