Annual Percentage Rate. 2.625% fixed APR for terms up to 5 years for credit qualified loans closing in first lien position. This rate applies to loans up to a 50% Combined Loan-to-Value (CLTV). Other rates are available for up to 60%, 70% and 80% CLTV and for loans closing in first or second lien position. Other rates are available for 10 and 15 year terms. Loan payment example: a $50,000 loan at 2.625% for 5 years would be $890.13. All loans are subject to creditworthiness. New York State Mortgage Tax is required and paid by the borrower. Title insurance may be required. The remaining closing costs paid by SEFCU on behalf of the borrower will be charged back and added to the payoff amount of the loan if the home equity line is paid and closed within three years of loan closing. Closing costs are estimated at $200-$600. Rates in effect as of 5/1/2016 and are subject to change at any time. For members whose owner occupied primary residence or vacation home located in New York State or Pennsylvania counties of Susquehanna, Bradford or Wyoming.