National Iron Bank: Since 1847
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Lending Solutions

Home Equity Loans
I Remodeled It!

It is a little known fact that in 1623 Louis XIII built a gentleman’s hunting lodge at Versailles. His son, Louis XIV, enjoyed it so much he decided to remodel the property and in 1682 Versailles became the official residence of the Court of France.

So remember, whether you are sending a child off to college, consolidating bills, or remodeling Versailles, all it takes is an idea. And, at National Iron Bank we have the solution - Home Equity Lending. Click in to a low, fixed rate and set your payment today or look at our Home Equity Line of Credit

 
Home Equity Fixed Loans - Disclosures and Rates for Connecticut and Massachusetts

Rates as of Wednesday, March 13, 2019

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
5 YR HE Jumbo
0.000$250.004.125%4.139%N/A$18.47Show Payments 
10 YR HE Jumbo
0.000$250.004.375%4.382%N/A$10.30Show Payments 
15 YR HE Jumbo
0.000$250.005.000%5.005%N/A$7.91Show Payments 
Home Equity Loan - term 5 years - CT & MA
0.000$250.003.875%4.009%N/A$18.36Show Payments
Home Equity Loan - term 10 years - CT & MA
0.000$250.004.125%4.196%N/A$10.18Show Payments
Home Equity Loan - term 15 years - CT & MA
0.000$250.004.750%4.800%N/A$7.78Show Payments

* Initial one time draw. Amortized monthly automatic payment deductions from an Iron Country Checking Accounts is required. Loan must be at least $25,000 new money. Loans are subject to a $250 origination fee. On loans Property insurance required. Rates vary by overall credit worthiness and loan to value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will price at 1/4% above the posted rates. The Bank’s credit criteria apply. Any origination fees quoted are for portfolio loans only.  Sold mortgages will have a higher origination fee.

Home Equity Fixed Loans - Disclosures and Rates for New York

Rates as of Wednesday, March 13, 2019

PointsOrigination FeeInterest RateAPRFully Indexed RatePayment per $1,000PaymentsApply
HE Jumbo - 5 year
0.000$250.004.375%4.389%N/A$18.59Show Payments 
HE Jumbo 10 year
0.000$250.004.625%4.632%N/A$10.42Show Payments 
HE Jumbo 15 year
0.000$250.005.250%5.301%N/A$8.04Show Payments 
Home Equity Loan - NY - term 5 years
0.000$250.004.125%4.260%N/A$18.47Show Payments
Home Equity Loan - NY - term 10 years
0.000$250.004.375%4.446%N/A$10.30Show Payments
Home Equity Loan - NY - term 15 years
0.000$250.005.000%5.051%N/A$7.91Show Payments

* Initial one time draw. Amortized monthly automatic payment deductions from an Iron Country Checking Accounts is required. Loan must be at least $25,000 new money. Loans are subject to a $250 origination fee. On loans Property insurance required. Rates vary by overall credit worthiness and loan to value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will price at 1/4% above the posted rates. The Bank’s credit criteria apply. Any origination fees quoted are for portfolio loans only.  Sold mortgages will have a higher origination fee.

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