Home Equity Line of Credit
- Introductory APR of 6.75% for six months
- Access up to 85% LTV
- 10-year draw period with interest-only minimum monthly payments
- 15-year repayment period after draw period ends
- Credit line from $15,000 to $325,000
- No closing costs
Residence must be in Tennessee. Download the Shelterline Early Disclosure.
Home Equity Loan
- Access up to 90% LTV with APR as low as 7.698%
- Up to 15-year term for fixed rate loan
- Up to 20-year term for variable rate loan
- No application fee and low closing costs
Mortgage Fixed
- No PMI with 85% LTV or less
- Fixed rate for life of loan
- In house and secondary market financing available
- Same low rate on jumbo loans over $726,200
- Up to 30-year term
Mortgage Variable
- No PMI with 85% LTV or less
- Rate adjusts annually with 2% annual cap and 6% lifetime cap
- Up to 30-year term
Mortgage Balloon
- Fixed rate for life of loan
- No PMI with 85% LTV or less
- Payment amortization up to 30 years to help lower payments
- Up to 10-year term
Land Loan
- Fixed rate for life of loan
- Up to 20-year term
Land loan applications are not available online. Please contact us for more information.
Cornerstone Financial Credit Union's Institution NMLS ID is 619380. View our complete NMLS ID Listing for individual Mortgage Loan Originators.
Annual Percentage Rate (APR) may vary. The maximum APR that may be imposed is 18.00%. Interest paid may be eligible for tax deduction. Consult your tax advisor.
LTV = Loan-to-Value. A ratio of the total amount mortgaged against the value of the property.