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Best use:
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Loan from $5,000 - $150,000
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$1,000 - $15,000 No liquidity requirement
$15,001- $50,000 must meet all unsecured credit guidelines including liquidity requirements
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Use the equity in your home to benefit from a variable interest rate line of credit with flexible payment options, plus choose the security of a fixed rate with fixed monthly payments with our optional Lock-in feature. Loan amounts from $5,000 - $150,000.
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Term:
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Up to 180 months
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Up to 60 months
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Up to 300 months. 10-year draw period followed by 15-year repayment period
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Collateral:
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Your primary residence No second homes, vacation homes, or rental properties. Manufactured home and land must be classified as real property.
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 Liens only)
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Unsecured
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Primary residence. Second homes, vacation homes, or rental properties do not qualify. Manufactured home and land must be classified as real property.
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 Liens only)
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Extras:
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- 0.25% rate discount with auto pay from an Umpqua Bank deposit account
- 100% project financing for GreenStreet approved expenses under the GreenStreet program. **
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- 0.25% rate discount with auto pay from an Umpqua Bank deposit account
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- 0.25% rate discount with auto pay from an Umpqua Bank deposit account
- 100% project financing for GreenStreet approved expenses under the GreenStreet program. **
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Minimum monthly payment:
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Monthly principal and interest payment amortized for term of loan with $100 minimum amount due
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Monthly principal and interest payment amortized for term of loan with $50 minimum amount due
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Interest-only during draw period followed by principal and interest payment amortized for the 15-year Repayment Period, with $50 minimum amount due.
Lock-in requests have a fixed monthly payment amount of principal and interest, fully amortized for the term of each lock-in portion.
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Closing costs:
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We pay standard closing costs. Appraisals requested by homeowners are not included.
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N/A
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We pay standard closing costs. Appraisals requested by homeowners are not included.
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Rate:
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4.75% APR
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N/A
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Prime + .50% with a floor rate of 3.75%.
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One-time origination fee:
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Waived
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Waived
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Waived
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Fixed interest rate:
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4.75% APR
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N/A
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See Lock in Fixed Rate below.
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Optional Lock in Feature
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Not available for this product
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Not available for this product
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Convert all or a portion of variable rate line-of-credit balance to a fixed-rate term loan. Lock-in balances any time during the draw period. Limited to 3 lock-in options active at any time.
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Lock in fee:
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Not available for this product
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Not available for this product
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$50 per request
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Early closure penalty:
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Waived
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Waived
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Waived
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Lock in term:
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Not available for this product
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Not available for this product
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1 to 15 years based on lock-in amount
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Late payment fee:
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OR/WA/NV 5% of any minimum payment not paid within 15 days after due date. CA $5.00 or 5%, whichever is greater, of any minimum payment not paid within 10 days after the due date.
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5% of any minimum payment not paid within 15 days after due date.
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OR/WA/NV 5% of any minimum payment not paid within 15 days after due date.
CA $5.00 or 5%, whichever is greater, of any minimum payment not paid within 10 days after the due date.
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Annual fee:
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Not available for this product
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Waived
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Waived
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Lock in fixed rate:
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Not available for this product
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Not available for this product
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Rate determined at time of Lock-in request based on current rate of your line of credit and the lock-in margin in effect on the date of your request to Lock-in.
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Amount you may lock in:
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Not available for this product
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Not available for this product
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$5,000 up to available credit line limit
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Advance options:
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N/A – Fully advanced at closing
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Not available for this product
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Visa® point-of-sale access card or checks (minimum $100); in-store advance, transfer via online banking, and telephone transfer.
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The fine print:
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GreenStreet lending products are available to qualified customers on approved credit. All loans subject to credit approval. 1 Click "Rate details" for rate information. Rates shown are effective as of 05/20/2013 and are subject to change without notice. A $50,000 loan, at an 80% LTV, 10-year term and 6.50% APR, would be repayable in 120 monthly payments of approximately $567.69 each. A $50,000.00 loan, at an 80% LTV, 15-year term and 6.50% APR would be repayable in 180 monthly payments of $435.55 each. Property insurance required; flood insurance is also required if property is in a special flood hazard area. Annual Percentage Rate. ** 100% financing available with a minimum requirement of 51% of the total project costs are for GreenStreet approved expenses.
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GreenStreet lending products are available to qualified customers on approved credit. All loans subject to credit approval. 1 Click "Rate details" for rate information. Rates shown are effective as of 05/20/2013 and are subject to change without notice. A $10,000 loan, 5-year term and 6.75% APR, would be repayable in 60 monthly payments of $196.83 each. A $50,000.00 loan, 5-year term and 6.75% APR would be repayable in 60 monthly payments of $984.17 each.
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GreenStreet lending products are available to qualified customers on approved credit. All loans subject to credit approval. 1 Click "Rate details" for rate information. Rates shown are effective as of 05/20/2013. The variable Interest Rate and corresponding Annual Percentage Rate (APR) are based on the Wall Street Journal Prime Rate (the "Index") plus 0.50%. Minimum APR: 3.75%. 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. A $50,000 home equity line of credit, at a 80% LTV and a APR of 4.50% would be repayable in 120 monthly interest-only payments of approximately $184.93 each during the ten-year Draw Period, and 180 monthly principal and interest payments of $382.50 each during the fifteen-year Repayment Period. ** Financing available with a minimum requirement of 51% of the total project costs are for GreenStreet approved expenses.
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Rate details:
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N/A
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N/A
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