Marion Location Information Delhi Location information Hiawatha Location information Marion  Delhi   Hiawatha Locations Heritage Bank Logo Click to go to home page Supporting Eastern Iowal Communities since 1899
Home | About Us, Locations & Hours | Contact
Log in to Online Banking

Log in to Visa Credit On Line
Visa Credit Card Login

dynamic Menu

General Information about FDIC Insurance

Protect Yourself Against Fraud and Identity Theft



Home Equity Loans
As of October 1, 2019
APR (Annual Percentage Rate)*
61 Month Balloon/10 Year Amortization - Maximum LTV 90% 5.713%
61 Month Balloon/15 Year Amortization - Maximum LTV 90% 6.173%

Fixed Rates APR

61 Month Balloon:   61 Month fixed rate balloon, resulting in a final balloon payment
Rates are based off loan amount of $10,000.

* Rate may vary based on credit score, type of loan and term, and is subject to change without notice.   Property Insurance is required.  Consumer will pay title search, flood search, recording fees and property valuation, when applicable.  All loan applicants must be at least eighteen (18) years of age.  Rates are subject to change without notice.

Variable Rate Home Equity Line of Credit
As of September 1, 2019
Term Initial Annual Percentage Rate (APR)#
60  5.75%

Terms of Home Equity Lines of Credit:
- Minimum loan amount is $5000
- A maximum of $450 in closing costs may be charged on these lines of credit.
- The minimum credit advance is $500.
- If only minimum payments are made, you will have a balloon payment due at maturity.
- All loans are subject to credit approval
- On the variable rate home equity line of credit, the Index during the draw and repayment period is Prime Rate  as published in the Wall Street Journal plus a margin of 1.5%. #The initial rate will remain in effect for the first two (2) years of the term. The current fully indexed rate is 5.75%. After the initial rate term, the minimum interest rate on this line is 6.00%, with a maximum interest rate that could be charged being 15%.
- Rates are subject to change without notice.                                                                             
All loan applicants must be eighteen (18) years of age.                                                            
- Flood insurance and hazard insurance may be required                                                           
- The interest on qualified loans may be tax deductible depending on your financial situation.  Contact your tax advisor to calculate if the interest is tax deductible.

 For specific rate and term quote, please contact our lending staff at one of our 3 locations.
Marion | Delhi | Hiawatha

FDIC Member
Equal Opportunity Lender

 © Heritage Bank  All Rights Reserved                                                                                                                            Questions | Site Map | Privacy Policy (PDF)