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All the Home Loans You Need at the Low Rates You’ll Love

From 1st mortgage to Home Equity Lines of Credit, Park Community is there for you

Whether you are buying a home, refinancing, or want to use your home’s equity, Park Community offers low rates on all of its Home Loans:

  • Fixed Rate Loans from 10 to 30 years
  • Home Equity Loans
  • Flex HELOC (Home Equity Line of Credit)*
  • Refinancing
  • Rental Property

Apply Now  View Rates

*Annual Percentage Rate. Variable rate advances: variable rates based on the Prime Rate (index) as published in The Wall Street Journal and may be adjusted quarterly by applying the predetermined margin to the index published 10 days prior to the change date, rates based on credit score, minimum rate is 3.5% and the maximum rate is 15% (as of August 1, 2013), $5000.00 minimum line, and $500 minimum advance. Fixed rate advances: payments separate from variable rate advances, maximum term is 96 months, 0.5% will be added to the qualifying rate with a minimum rate of 5.0%, maximum of 3 fixed rate advances at a time, and a $2,500 minimum advance. Maximum LTV is 90%. Home Equity Line of Credit available in AL, IN, and KY. Owner occupied properties only. Subject to credit and property approval. Consult a tax advisor regarding the deductibility of interest.

Home Equity Loan Special

The 70’s called, they want their bathroom back

Whether you’re remodeling, consolidating debt, or sending your child to college, a Fixed Rate Home Equity Loan* can help you achieve your goals. With new lower rates, now is the time to tap into your home’s equity.

Fixed Rate Home Equity Loan (Second Mortgage)

  • Fixed Rate as low as 2.99% apr*
  • 5 year term
  • Financing up to 80% of market value, less your first mortgage balance
  • Possible tax deduction**

*Annual Percentage Rate. $5000.00 minimum loan amount. For comparison purposes, a $20,000 loan for a term of 60 months with a 2.99 % APR, the monthly payment will be $359.14 Other rates and terms are available. For comparison purposes, a $50,000 loan for a term of 180 months with a 4.99% APR, the monthly payment will be $359.29. Payments do not include amounts for taxes and insurance premiums. Rates vary depending upon total loan to value and individual credit score. Maximum LTV is 90% for loans $100,000.00 or less but only LTV’s of 80% or less will qualify for the low rate special. Maximum LTV for loans over $100,000.00 is 80%. Home equity loans available in AL, IN, and KY. Owner occupied properties only. Subject to credit and property approval. Rates, program terms, and conditions subject to change without notice. New money loans only (existing Park loans are not eligible). Other restrictions and limitations may apply. Available for a limited time.

**Consult a skilled tax advisor concerning tax deductibility.


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