GreenStreet Home Equity Line of Credit
Put your home’s equity to an energy-smart use with a variable interest rate line of credit between $5,000 and $150,000, with flexible payment options. Plus choose the security of a fixed monthly payments with our our optional lock-in feature.
account details
- Up to a 30-year term with a 10-year draw period and a 20-year repayment period
- 1st lien position – maximum 80% LTV. 2nd lien position – maximum 80% CLTV; as long as 1st & 2nd do not exceed agency maximum for location. Condominiums max at 75% (1st lien only)
- We pay standard closing costs ( appraisals requested by homeowners not included)
- No prepayment penalty
- $50 minimum payment requirement
- Primary residences only
- 100% project financing for GreenStreet-approved expenses under the GreenStreet program
- No origination fee
- No annual fee
- Optional lock-in feature to convert all or part of balance to a fixed-rate term loan
- Advance funds through Visa point of sale access card, checks, in-store advance, online banking or telephone transfer
rate details
for zip code
| Amount | Variable Interest Rate | APR | Term |
|---|---|---|---|
| $5,000 – $150,000 | WSJ Prime + 0.00% | 4.25% | Up to 360 months |
Interest Rate: Ubium Bank lending products are available to qualified customers on approved credit. All loans subject to credit approval. See the “rate details” chart above for rate information. Rates are effective as of 6/15/2017 and subject to change without notice. Rates are variable and are subject to change after consummation. Advertised interest rate and Annual Percentage Rate (APR) are based on the Wall Street Journal Prime Rate (the “Index”, currently 4.25%) plus a margin. Maximum APR 18%. Rates are subject to change monthly based on changes in the value of the Index. Property insurance required; flood insurance is also required if property is in a special flood hazard area. The advertised APR includes a 0.5% automatic payment discount from an Umpqua Bank account.
Primary residences only: Second homes, vacation homes, or rental properties do not qualify. Manufactured homes and land must be classified as real property.
Minimum monthly payment: Interest only monthly payments for 10-year draw period followed by fully amortized principal and interest payments for the 20-year repayment period; payment amount will vary as rates changes. $50 minimum payment requirement. Lock-in requests have a fixed monthly payment amount of principal and interest, fully amortized for the term of each lock-in portion.
GreenStreet-approved expenses: Financing available with a minimum requirement of 51% of the total project costs are for GreenStreet approved expenses.
Primary residences only: Second homes, vacation homes, or rental properties do not qualify. Manufactured homes and land must be classified as real property.
Minimum monthly payment: Interest only monthly payments for 10-year draw period followed by fully amortized principal and interest payments for the 20-year repayment period; payment amount will vary as rates changes. $50 minimum payment requirement. Lock-in requests have a fixed monthly payment amount of principal and interest, fully amortized for the term of each lock-in portion.
GreenStreet-approved expenses: Financing available with a minimum requirement of 51% of the total project costs are for GreenStreet approved expenses.