† Synergy One HELOC is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.

 

* Our APRs start at 3.50% for the most qualified applicants (with autopay) and are higher for other applicants. For example, for a borrower with a CLTV of 40% and a credit score of 800, a five-year Synergy One HELOC with an initial draw amount of $50,000 would have a fixed annual percentage rate (APR) of 3.50% and a 1.5% origination fee. Your total loan amount would be $51,500. There is a one-time origination fee of 1.5% of your initial draw depending on the state in which your property is located. The advertised rate is available only to borrowers using primary residences as collateral. Your actual rate will depend on many factors such as your credit, combined loan to value ratio, loan term and occupancy status. The advertised APR includes an autopay discount of 0.25%. APRs start at 3.75% for customers that do not opt in to autopay.

 

** Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing.

 

*** There is a one-time origination fee of 1.5% of your initial draw depending on the state in which your property is located. You may also be responsible for paying recording fees, which vary by county.

 

**** To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.