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Mortgage Loan - Primary Residence
Mortgage Loan - Primary Residence
| Type | Rate As Low As |
APR* As Low As |
Monthly Payment** As Low As |
Maximum Term |
|---|---|---|---|---|
| 3-Year (3/3) ARM*** | 6.000% | 6.098% | $479.64 | 30 Years |
| 10 Year Fixed Rate | 7.125% | 7.383% | $934.03 | 10 Years |
| 15 Year Fixed Rate | 7.375% | 7.562% | $735.94 | 15 Years |
| 20 Year Fixed Rate | 7.625% | 7.777% | $650.60 | 20 Years |
| 30 Year Fixed Rate | 7.750% | 7.870% | $573.13 | 30 Years |
*APR = Annual Percentage Rate
APR is based on 80% Loan to Value, a 20% down payment on a purchase or 20% equity for a refinance, and a loan amount of $80,000. The stated APR and terms/monthly payment are for illustrative purposes and reflect rates currently available to present and prospective clients with a FICO credit score of 720 or above and a Debt-to-Income ratio of 35% or below. Your APR and terms/monthly payment may be higher if any of the above factors are not met.
**Monthly Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.
***3-Year Adjustable Mortgage Rate (ARM). This loan program has an adjustable rate feature. This means the interest rate, APR, and monthly payment amount under the ARM program can change every 3 years. The initial interest rate provided at loan closing adjusts every 36 months to the 3-year Treasury Index plus a fixed margin rate, rounded to the nearest .125%. The maximum increase or decrease in interest rate at each adjustment is 2%, with a maximum of 5% over the life of the loan. The rate on the ARM will never be less than the initial rate and never greater than 5% over the initial rate.
Please contact a Eureka Savings Bank Residential Loan Officer for further details.
Offer subject to credit approval. APRs and terms subject to change at any time.
Second Mortgage - Primary Residence
Second Mortgage - Primary Residence
| Type | Rate As Low As |
APR* As Low As |
Monthly Payment** As Low As |
Maximum Term |
|---|---|---|---|---|
| 5-Year (5/5) ARM*** | 8.375% | 8.435% | $257.99 | 20 Years |
| 10-Year (10/10) ARM**** | 8.625% | 8.686% | $262.74 | 20 Years |
| 5 Year Fixed Rate | 8.375% | 8.552% | $613.55 | 5 Years |
| 10 Year Fixed Rate | 8.625% | 8.724% | $373.92 | 10 Years |
*APR = Annual Percentage Rate
APR is based on 80% Loan to Value, a 20% down payment on a purchase or 20% equity for a refinance, and a loan amount of $30,000. The stated APR and terms/monthly payment are for illustrative purposes and reflect rates currently available to present and prospective clients with a FICO credit score of 720 or above and a Debt-to-Income ratio of 35% or below. Your APR and terms/monthly payment may be higher if any of the above factors are not met.
**Monthly Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.
***5-Year Adjustable Mortgage Rate (ARM). This loan program has an adjustable rate feature. This means the interest rate, APR, and monthly payment amount under the ARM program can change every 5 years. The initial interest rate provided at loan closing adjusts every 60 months to the 5-year Weekly Treasury Index plus a fixed margin rate, rounded to the nearest .125%. The maximum increase or decrease in interest rate at each adjustment is 2%, with a maximum of 5% over the life of the loan. The rate on the ARM will never be less than the initial rate and never greater than 5% over the initial rate.
****10-Year Adjustable Mortgage Rate (ARM). This loan program has an adjustable rate feature. This means the interest rate, APR, and monthly payment amount under the ARM program can change every 10 years. The initial interest rate provided at loan closing adjusts every 120 months to the 10-year Weekly Treasury Index plus a fixed margin rate, rounded to the nearest .125%. The maximum increase or decrease in interest rate at each adjustment is 2%, with a maximum of 5% over the life of the loan. The rate on the ARM will never be less than the initial rate and never greater than 5% over the initial rate.
Please contact a Eureka Savings Bank Residential Loan Officer for further details.
Offer subject to credit approval. APRs and terms subject to change at any time.
Home Equity Line of Credit
Home Equity Line of Credit
| Term | Rate | Prime Rate | APR* |
|---|---|---|---|
| 120 Months | 7.500% (Variable rate of Prime + .5%) | 7.000% | 7.500% |
Contact our Loan Department for more details.
Only available on Primary Residences.
*APR = Annual Percentage Rate
APR is based on a loan amount of $50,000. Monthly payments range from $50.00 to $163.70 per $10,000 borrowed. Subject to credit approval. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater. The stated APR and terms are for illustrative purposes and reflect representative credit terms currently available to present and prospective clients. Your APR and terms may be different, based on a number of factors.
Subject to change at any time.
Mortgage Loan - Investment Property (Up to 2 units)
Mortgage Loan - Investment Property (Up to 2 units)
| Type | Rate As Low As |
APR* As Low As |
Monthly Payment** As Low As |
Maximum Term |
|---|---|---|---|---|
| 3-Year (3/3) ARM*** | 7.000% | 7.136% | $620.24 | 20 Years |
| 10 Year Fixed Rate | 8.125% | 8.390% | $975.91 | 10 Years |
| 15 Year Fixed Rate | 8.375% | 8.568% | $781.94 | 15 Years |
Investment Property with more than two units - contact our Loan Department for current rates and terms.
*APR = Annual Percentage Rate
APR is based on 80% Loan to Value, a 20% down payment on a purchase or 20% equity for a refinance, and a loan amount of $80,000. The stated APR and terms/monthly payment are for illustrative purposes and reflect rates currently available to present and prospective clients with a FICO credit score of 720 or above and a Debt-to-Income ratio of 35% or below. Your APR and terms/monthly payment may be higher if any of the above factors are not met.
**Monthly Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.
***3-Year Adjustable Mortgage Rate (ARM). This loan program has an adjustable rate feature. This means the interest rate, APR, and monthly payment amount under the ARM program can change every 3 years. The initial interest rate provided at loan closing adjusts every 36 months to the 3-year Treasury Index plus a fixed margin rate, rounded to the nearest .125%. The maximum increase or decrease in interest rate at each adjustment is 2%, with a maximum of 5% over the life of the loan. The rate on the ARM will never be less than the initial rate and never greater than 5% over the initial rate.
Please contact a Eureka Savings Bank Residential Loan Officer for further details.
Offer subject to credit approval. APRs and terms subject to change at any time.
Vehicle Loans
Vehicle Loans
| Vehicle Year | Term | Rate As Low As |
APR* As Low As |
Monthly Payment Per $1,000.00 Borrowed As Low As |
|---|---|---|---|---|
| 2024-New | 36 Months | 6.375% | 7.025% | $30.59 |
| 2024-New | 48 Months | 6.625% | 7.123% | $23.78 |
| 2024-New | 60 Months | 6.875% | 7.282% | $19.74 |
| 2021-2023 | 36 Months | 7.375% | 8.030% | $31.05 |
| 2021-2023 | 48 Months | 7.625% | 8.128% | $24.24 |
| 2021-2023 | 60 Months | 7.875% | 8.286% | $20.22 |
| 2019-2020 | 36 Months | 8.375% | 9.034% | $31.51 |
| 2019-2020 | 48 Months | 8.625% | 9.132% | $24.71 |
| 2018 & Older** | 24 Months | 9.875% | 10.839% | $46.09 |
| 2018 & Older** | 36 Months | 10.875% | 11.546% | $32.68 |
Recreational Vehicles (including boats, motorcycles) - contact our Loan Department for current rates and terms
*APR = Annual Percentage Rate
APR is based on a loan amount of $20,000.00. The stated APR, terms and monthly payment per $1,000 borrowed are for illustrative purposes and reflect representative credit terms currently available to present and prospective clients with a FICO score of 720 or above. Your APR, terms and monthly payment per $1,000 borrowed may be different, based on a number of factors.
Subject to credit approval. APR, terms and monthly payment per $1,000 borrowed are subject to change at any time.
**Loans for vehicles that are 8 years or older will only be considered for current Eureka customers.
Personal/Unsecured Loans
Personal/Unsecured Loans
| Type | Rate | APR* |
|---|---|---|
| Installment Payments | 15.000% | 17.942% |
| Single Payment | 16.000% | 33.198% |
*APR = Annual Percentage Rate
APR is based on a loan amount of $3,000. The installment loan APR is based on a term of 3 years, and monthly payments are $34.68 per $1,000 borrowed over a 3 year term. The single payment loan APR is based on a term of 3 months. Subject to credit approval. The stated APR and terms are for illustrative purposes and reflect representative credit terms currently available to present and prospective clients. Your APR and terms may be different, based on a number of factors.
Subject to change at any time.
Certificate of Deposit Secured Loans
Overdraft Protection LOC
Contact our Loan Department for current rates and terms.
Commercial Loans
Contact our Loan Department for details.
What are Loan Rates?
Do you know the interest rate on your credit card or home loan? Understanding loan rates is essential for making smart financial decisions. Whether you're buying a house or consolidating debt, knowing how loan rates work can save you thousands of dollars.
Loan rates determine how much you'll pay in interest over the life of your loan. They can be fixed or variable, and understanding the difference is crucial for your financial health.
Fixed vs. Variable Loan Rates
Fixed rates stay the same throughout the loan term, providing stability and predictable payments. Variable rates fluctuate based on the market, which can be risky but also offer lower initial rates.
Factors Influencing Loan Rates
Several factors affect loan rates, including your credit score, loan term, and the type of loan. Economic conditions and the lender's policies also play a role in determining your interest rate.
How to Get a Good Loan Rate
Securing the best loan rates doesn't have to be a mystery. Follow these tips to improve your chances:
Improve Your Credit Score
A high credit score can significantly reduce your loan rates. Pay your bills on time, reduce debt, and check your credit report regularly to ensure accuracy.
Choose the Right Loan Term and Type
Shorter loan terms usually come with lower rates but higher monthly payments. A loan with a longer repayment term may give you more flexibility in your monthly budget. Choose the loan that aligns with your financial goals. Our lenders can help you determine what will work best for you.
