Mortgage & Equity
Fast, easy affordable loans. Our low-cost, convenient mortgage loans come with a variety of payment terms. It is easy to apply in person, online or by phone or mail. Shoreline offers low-cost loans with a variety of payment terms to fit your budget.
Closing costs used for a purchase assuming / A credit / <80% LTV / $100,000 loan amount.
|30 Year Fixed||3.000%||3.072%||$421.60|
|20 Year Fixed||2.875%||2.977%||$548.36|
|15 Year Fixed||2.875%||3.007%||$684.59|
|10 Year Fixed||2.750%||2.828%||$954.11|
|5.25/1 Yr. ARM||3.240% (30 yr. amortization)||2.735%||$434.66|
|5.25/1 Yr. ARM||2.490% (15 yr. amortization)||2.540%||$666.32|
Second Mortgage Rates:
Closing Costs used for Second Mortgage Equity Loan / A Credit / <80% LTV / $50,000 loan amount.
|20 Year Fixed||3.500%||3.585%||$289.96|
|15 Year Fixed||3.50%||3.609%||$357.44|
|10 Year Fixed||3.375%||3.470%||$491.51|
Home Equity Line of Credit Rates
Establish a credit line with your home’s equity.
|Loan-to-Value||740> Credit Grade*||739-680 Credit Grade*||679-640 Credit Grade*|
|80% or Less||Prime||Prime + .25||Prime + .50|
|80.01% – 89.99%+||Prime + 1.00||Prime + 1.25||Prime + 1.50|
- Low money down program
- First and Second mortgages
- Home equity loans Apply today*
- 5, 7, 10, 13, 15, 20 and 30 year fixed-rate mortgages
- Additional Mortgage Loan Products
- VA Loans
- USDA Loans
- WHEDA Loans
- FHA Loans
Bring these items in when applying for a Mortgage
- Two years employment history
- Two years of federal income tax returns (W-2, I-9 and all schedules)
- Two months of financial statements
- One month of pay stubs
- Child support or alimony received documentation
- Pension, disability or Social Security income requires current awards letter and three months of payment proof
- Copy of property data sheet and offer to purchase documents
- If refinancing — a copy of the property tax bill, home owners insurance, current mortgage statement (HARP streamline refinances require original Note and HUD settlement statement)
- Child support or alimony court order if paying
- If divorced — copy of divorce decree.
Shoreline Lending Experts who can assist you with your loan requirements:
Bank from home! For first available Hometown Lender, email us Here.