Using the equity in your home can be your best route to building a new kitchen, consolidating high interest credit card balances, or sending the kids off to college.
So that we may customize your rate, please answer the following questions and
your rate will be displayed. APR, terms, and conditions are
subject to change without notice.
Where is the
property located?
How much would
you like to borrow?
For how long
would you like to borrow the money?
Are you
interested in having your payment automatically deducted from your Sovereign
Account with e-Pay?
Yes
No
You must select a
state
You must select an
amount
You must select a
term
Your rate could not be found at this time, please call
877-SOV-BANK for more information.
Home Equity Topics in Tools & Planning
To help you determine if a Sovereign Home Equity Loan is right for you, follow these links to the Home Equity topics in the Tools & Planning section of this site:
Maximum loan-to-value ratio is 89.99% in PA, NJ, MD, NY, CT, RI, MA, and NH. The maximum loan-to-value ratio in all other states in which Sovereign lends is 70%.
*To get home equity loan rates shown you must apply have or open a Sovereign Premier, Business Owner Premier, or Sovereign Partnership Checking account, or a Premier Money Market Savings account, and use automatic payment from the qualifying account. Monthly payments based on 20-year term, and assume maximum LTV of 80% on a 1-4 family owner-occupied residence. Applications subject to approval.
*Your annual percentage rate (APR) is based on a loan-to-value ratio (LTV) of 80% or less on 1-4 family owner-occupied residence and assumes that you have a Sovereign Premier Checking or a Premier Money Market Savings account and elect to have your minimum monthly payments deducted from a Sovereign checking, money market or statement savings account. For LTVs of 80.10%-89.99%, add 1.50% to the rate. Rates are updated weekly and are subject to change. A maximum loan amount of $750,000 applies to LTVs of 80% or less. For LTVs of 80.10-89.99%, a maximum amount of $125,000 applies. A mortgage tax is charged in the following states: Alabama, Florida, Kansas, Maryland, Minnesota, New York, Oklahoma, Tennessee, and Virginia. The cost varies by state and ranges from $.08 to $2.125 per $100 of the mortgage amount. Mortgage taxes based on loans up to $750,000. Be sure to call our loan rate hotline at 877-SOV-BANK or email us at sdnet@sovereignbank.com for rate confirmation.
*Your annual percentage rate (APR) is based on a loan-to-value ratio (LTV) of 80% or less on 1-4 family owner-occupied residence. You can save up to .50% by using e-pay from a Sovereign account. For LTVs of 80.10%-89.99%, add 1.50% to the rate. Rates are updated weekly and are subject to change. A maximum loan amount of $750,000 applies to LTVs of 80% or less. For LTVs of 80.10-89.99%, a maximum amount of $125,000 applies. A mortgage tax is charged in the following states: Alabama, Florida, Kansas, Maryland, Minnesota, New York, Oklahoma, Tennessee, and Virginia. The cost varies by state and ranges from $.08 to $2.125 per $100 of the mortgage amount. Mortgage taxes based on loans up to $750,000. Be sure to call our loan rate hotline at 877-SOV-BANK or email us at sdnet@sovereignbank.com for rate confirmation.
†Check with your tax advisor regarding tax deductibility.
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Equal Housing Lender - Member FDIC
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