1For 1-4 family owner occupied primary residences only. $10,000 Minimum advance at closing. If a line of credit agreement is paid in full and closed within 3 years of activation, you may be required to reimburse St. Mary's Bank for any closing costs paid on your behalf, estimated to range between $500 - $1,100. Properties held in trust subject to $175 fee. Payoffs to lenders other than St. Mary’s Bank subject to $75 discharge tracking fee.
2SMB Prime is based on the Wall Street Journal prime rate and may change without notice. (Prime Rate as published in The Wall Street Journal preceding the start of each monthly billing period; current prime rate is 3.75%). 16% Cap, 3% Floor. During the first 6 billing cycles, the rate is fixed at 2.99% APR.
3Up to 85% CLTV for 1 to 4 family homes and up to 80% CLTV for Condos for credit scores of 730 and above and St. Mary's Bank holds the 1st mortgage; up to 80% CLTV for 1 to 4 family homes and up to 75% CLTV for Condos when St. Mary's Bank does not hold the 1st mortgage. Up to 75% CLTV for 1 to 4 family homes and up to 70% CLTV for Condos for lines greater than $500,000
4Annual fee waived with automatic payment from a St. Mary's Bank Beyond Checking account.