HELOC

• $0 Application Fee
• $0 Closing Costs
• $0 Annual Fee for Year One

All applications subject to credit approval. Cannot be used for purchase money transactions. Advertised rate is available to approved applicants with credit scores ≥650. APR will never be lower than 3.50% APR or higher than 24.00% APR during the life of the loan. Rate is a variable rate APR based on the current Prime Rate as published in the Wall Street Journal and will be subject to change monthly without notice. Use of the word “Prime” does not mean that the rate is the best or lowest rate offered by any lender. To determine the annual percentage rate we use the current  Prime Rate subject to the minimum APR above; as of December 1st, 2022 the Prime Rate is 7.00%.  No loan origination or early account closure fees. However, you may be responsible for reimbursement of certain costs paid on your behalf by The Middlefield Banking Company at time of account opening if loan is closed within 36 months of account opening. Annual fee of $85.00 beginning on the first anniversary date. Proof of Property and Hazard Insurance is required. Consult your tax advisor regarding deductibility of interest. 

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