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Rate Assumptions

First Mortgage      Home Equity Line of Credit      Certificate of Deposit      High Yield Savings

The rates listed on the home page represent the best rates currently possible at E-LOAN, based on the typical scenarios described below. The actual rates available to you will vary based on a number of factors. Please note that these rates are only available to qualified applicants and assume excellent credit.

First Mortgage Assumptions

Loan amount: $200,000
Property value: $300,000
Points: Under 2%
Property type: Single family residence
Loan use: Home purchase or refinance your mortgage at the current balance.
Income documentation: You are willing to document your sources of income
Prepayment penalty: None

APR (Annual Percentage Rate) is a variable rate for all ARMs (Adjustable Rate Mortgage) products that may be increased after consummation. The ARM rate is based on the one year LIBOR index. Other fees and restrictions may apply. Offer subject to credit approval. Please contact us for additional information or restrictions.

First Mortgage loans are not available in DC and WV.

Click here to search for a first mortgage tailored to your needs.

Home Equity Line of Credit Assumptions

Home Equity Lines of Credit (HELOC) products provide for a variable periodic rate, which is tied to the Prime Rate published in The Wall Street Journal. The advertised rate is available when the combined balance of the first and second mortgages is less than or equal to 50% of the property value, the property is owner-occupied, the borrower's FICO credit score is 750 or greater and the credit line amount is $250,000 or greater. The APR (Annual Percentage Rate) on variable rate lines may increase or decrease, not to exceed an APR of 18%. A $75 annual fee applies after the first year. Other fees and restrictions may apply. Offer subject to credit approval. Please contact us for additional information or restrictions.

Home equity lines of credit are not available in AK, DC, HI, MT, TX, and WV.
Click here to search for a home equity loan tailored to your needs.

Certificate of Deposit (CD)

Rates are tiered and based upon balance.

The APY for a Certificate of Deposit (CD) account is effective as of 11/21/2008 and subject to change without notice. There is a $10,000 minimum opening account deposit and balance requirement. APY assumes principal and interest remain on deposit until maturity. A penalty will be imposed for early withdrawal.

All deposit products offered through E-LOAN will be opened through Banco Popular North America (BPNA), a New York state chartered bank insured by the FDIC that is the direct parent company of E-LOAN (i.e. E-LOAN is a wholly-owned subsidiary of BPNA). Processing services are provided by BPNA. All deposits with BPNA are insured for the maximum amount allowed by law, and all balances on deposit with BPNA (whether directly or through E-LOAN) would be combined for purposes of determining FDIC coverage eligibility. For more information on FDIC Insurance coverage, please visit http://www.fdic.gov.

Please visit our Savings and CDs Rates Page for current rate and balance combinations.

High Yield Savings

Rates are tiered and based upon balance.

Annual Percentage Yield (APY) for a Savings Account is effective as of 11/21/2008 and subject to change without notice. There is a $5,000 minimum opening account deposit and balance requirement. Savings Plus accounts require $100 minimum deposit each month.

All deposit products offered through E-LOAN will be opened through Banco Popular North America (BPNA), a New York state chartered bank insured by the FDIC that is the direct parent company of E-LOAN (i.e. E-LOAN is a wholly-owned subsidiary of BPNA). Processing services are provided by BPNA. All deposits with BPNA are insured for the maximum amount allowed by law, and all balances on deposit with BPNA (whether directly or through E-LOAN) would be combined for purposes of determining FDIC coverage eligibility. For more information on FDIC Insurance coverage, please visit http://www.fdic.gov.

Please visit our Savings and CDs Rates Page for current rate and balance combinations.