Look to New Frontier Bank for a full range of lending options. Our loan products and lines of credit can be tailored specifically to meet your needs. All lending decisions are made locally by the people you know and trust. Stop the headaches and enjoy the convenience of having your loan serviced locally.
Home Equity Lines
Whether you need money for a home improvement project, to pay bills or make a special purchase, a New Frontier Home Equity Line of Credit can provide you with a ready resource of cash. When you have a New Frontier Home Equity Line of Credit, you may simply write a credit line check whenever you need the money.
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Our Home Equity Lines of Credit all feature: *
- No closing costs
- No annual fee
- No PMI
- 10 year draw and repayment period
- $5,000 minimum loan amount
- Primary or Secondary residence only.
Choose from the following Home Equity Products
| Team* | |
| Loan to Value Ratio: | 80% maximum |
| Rate: | Prime, rate adjusts daily; floor of 4% |
| Repayment Requirements: | Monthly interest only; 10 year maturity (Balloon Payment) Annual Percentage Rate is subject to change |
| Eligibility | Team Account Deposit Package Required |
| Silver Slugger* | |
| Loan to Value Ratio: | 80% maximum |
| Rate: | Prime plus ½%, rate adjusts daily; floor of 4% |
| Repayment Requirements: | Monthly interest only; 10 year maturity (Balloon Payment) Annual Percentage Rate is subject to change |
*The Annual Percentage Rate (APR) varies with the Wall Street Journal Prime (WSJPR). As of April 10, 2013, the APR for Home Equity Lines of Credit varied from 4.00% (WSJPR floating with a floor of 4.00%) to 4.00% (WSJPR plus ½%). The APR varies by loan-to-value ratio (LTV) and according to package relationship. The APR is variable and subject to change without notice, but will not exceed 22%. Property insurance is required. Consult your tax advisor regarding deductibility of interest. A balloon payment may result. Some restrictions may apply. Subject to credit approval.
Consult your New Frontier Bank Loan Officer to find out if you are eligible and how much you may be able to borrow against your home.
Consult your New Frontier Bank Loan Officer to find out if you are eligible and how much you may be able to borrow against your home.
"My favorite part of being a lender is we get to help people achieve their goals. Our lenders at New Frontier Bank don’t have one specialty. We specialize in helping each customer with any lending need they may have. The fact that I can help the business owner with a credit line for their business, refinance their house or help them with a car loan really enables us to develop relationships with our customers. If you need a true banking partner come see me!"
