Loan Rates

Effective 12/01/2011

* Preferred Rate requires the loan to be paid by automatic transfer from your active Sperry checking. An active account must have direct deposit of net payroll or Social Security or three (3) transactions using your Sperry Visa debit card per month.

** Rates shown are the lowest rates offered for the products advertised. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or with different terms.  LTV will be based on Credit Score.

(a) Rates shown are the lowest rates offered for loans with a maximum term of 60 months LTV below 75% and credit score 740 and above. Other rates and terms are available. 20 year maximum term on 1st lien position only.  30 year maximum term on 2nd lien position.

(b) Introductory rate only for new lines of credit for qualified borrowers.

(c) Rates are based on Prime Rate +/- agreed upon margin. Rate is fixed for the first (5) years and variable each quarter after the draw period expires.