Commercial Loan Rates

Commercial Loan Rates

Effective 11/12/2019

Loan Type Annual Percentage Rate1
(as low as)
Term Limitations Max Amount
Residential Real Estate
(non-owner occupied)
1st Lien
4.00% 5 years; 20 years amortization. Single or multi-family (up to 4 units) 80% LTV lower of the cost or appraised value $1,000,000
Commercial Real Estate
1st Lien
4.00% 5 years; 20 years amortization. 80% LTV lower of the cost or appraised value $2,000,000
Residential Real Construction
(non-owner occupied)
1st Lien
4.00% 5 years; 20 years amortization. 9 months interest only at locked rate. 80% LTV lower of the cost or appraised value $1,000,000
Commercial Construction
1st Lien
4.00% 5 years; 20 years amortization. 12 months interest only at locked rate. 80% LTV lower of the cost or appraised value $2,000,000
Land X We do not grant land loans but will consider land as collateral. Max LTV 65% X
Commercial Vehicle
(title secured)
4.75%
.50% for each year in excess of 5
Lesser of 8 years or remaining useful life. 75% of Retail Value $200,000
Bus Loans

New or Used



4.75%

.25% for each year in excess of 5
Lesser of 8 years or remaining useful life. Case to case determination based on type of equipment. LTV 65% $110,000
Equipment 4.75%
.50% for each year in excess of 5
Lesser of 8 years or remaining useful life. Case to case determination based on type of equipment. LTV 65% $100,000
Working Line of Credit 5.75% Draws limited to 1 year. Annual extension available. Requires 30 day resting period. $100,000 revolving
Visa Platinum 9.75% Reviewed annually. Payment equal to 2.00% of balance calculated monthly $50 minimum payment. $25,000 revolving
Share Secured 3% above share rate Up to 10 years depending on amount borrowed. 95% LTV 105% pledge Up to Share Balance

1 Stated APR is the lowest rate available for qualified members. Real Estate rates are based daily from TCM. Other rates based on Prime Rate plus a risk adjustment. Prime Rate: 5.00%