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Main Office Galesburg, IL
- Consumer Loans: E-mail Mindi Lehman, NMLS# 2357211
- Consumer Loans: E-mail Anne Rollins, NMLS# 2432812
Henderson St. Office Galesburg, IL
Seminary Square Office Galesburg, IL
- Consumer Loans: E-mail Brenda Rupert, NMLS #523612
- Consumer Loans: E-mail Jantz Spalding, NMLS #839249
Monmouth Office Monmouth, IL
- Consumer Loans: E-mail Payton Brentise, NMLS #703532
Brimfield Office Brimfield, IL
- Consumer Loans: E-mail Nic Dossett , NMLS #1531338
*For both Home Equity Loans and Home Equity Credit Lines: Closing costs are only 99¢ for any new Home Equity Line of Credit or Home Equity Loan of $100,000 or less. Internal property evaluations are provided at no cost to the borrower. Borrowers may incur additional cost if a certified appraisal is required or requested. Loans over $100,001 require title insurance at borrower's expense. Certified appraisals typically cost $425. Special only applies to new loans, refinances not eligible unless $5,000 in new money is advanced. Subject to a credit application and credit approval. Homeowner’s insurance is required. Offer may be withdrawn without notice. Consult a tax advisor regarding the deductibility of interest.
For Home Equity Loans: The interest rate is effective July 22, 2024 and can range from 7.81% to 9.52%, based on your loan-to-value ratio and creditworthiness. The loan term is 62 months. Loan payment example: a $10,000 Home Equity Loan at a 7.81% interest rate for 62 months will have a 7.81% annual percentage rate (APR) and a monthly payment of $196.53. Payments do not include amounts for taxes and insurance, if applicable, and actual payments will be greater.
For Home Equity Credit Line: The Annual Percentage Rate (APR) is effective July 22, 2024, and can range from 8.50% APR to 11.00% APR. The rate is a variable rate and will range from the Prime Rate as published in the Wall Street Journal (“Prime”) to Prime plus 2.50% based on your loan-to-value ratio and creditworthiness. As of July 22, 2024 Prime was 8.25%. The maximum APR will not exceed 21% and will not be less than 5.99%. Third party fees normally range from $.01 and $1500. Monthly payments are interest only. Payment of interest only would result in a balloon payment at the end of your loan. Loans are subject to credit approval and a minimum initial advance of $5,000. A fixed interest rate is available and will range from 8.50% to 11.00% APR, based on your loan-to-value ratio and creditworthiness. The fixed rate is effective July 22, 2024. The line of credit term is 60 months.