Home equity loans and lines of credit can be used to help finance a number of things, including home improvement projects and unexpected expenses. We’ll help to figure out what options make sense for your needs.
- Home Equity Loan or Lines of Credit Special
- April 1 - July 31
- Valid Through
Now is the time to start those home improvement projects you’ve been thinking about.
For a limited time, Sunrise Banks is offering no closing costs on Home Equity Loans and Lines of Credit.1
Contact a Sunrise Relationship Banker to begin the application process by calling us at (651) 265-5600 to get started.
Features
Various loan options to help with your unique needs and situations
Competitive rate options
Options to automatically pay your loan directly from any checking or savings account
How it Works
Step 02
Complete & Submit the Application
With requested personal and loan information.
Step 03
Receive Confirmation via Email
Keep this information for checking your application status.
Step 04
A Banker Will Reach Out Within Two Business Days
With next steps and to finalize your loan.
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Home Equity Loan – As of March 19, 2020 the fixed Annual Percentage Rate is 6.88% for a 72 month second position home equity installment loan with loan-to-value of 80% or less. Automatic payments are not required for loan approval. Loan payment example: $25,000 for 72 months at 6.88% as of 3/19/2020 for a principal and interest payment of $424.79 per month. Payment example does not include amounts for taxes and insurance premiums. No closing cost special is for new money only. Loan approval is subject to credit approval. No closing cost promotion is valid April 1 – July 31, 2020. Property insurance is required. Rates are subject to change.
Home Equity Line of Credit – The Annual Percentage Rate (APR) is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. As of March 19, 2020, the variable rate for home equity lines of credit ranged from 3.25% APR to 4.25% APR. The rate will not vary above 21.75% APR, or applicable state law, or below 3.00% APR. No closing cost special is for new money only. Loan approval is subject to credit approval. No closing cost promotion is valid April 1 -July 31, 2020. Property insurance is required. Rates are subject to change.
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