Banking Is Different At Directions

As a not-for-profit financial cooperative, Directions is different by design! Lower fees and better rates are just the beginning of a better way to bank.
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Mortgage & Home Equity

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Personal Loans

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Mortgage Rates
Rate APR* Term Effective Date
Fixed Rate 5.000% 5.073% 30 Year 09/20/2018
4.750% 4.849% 20 Year 09/20/2018
4.500% 4.625% 15 Year 09/20/2018
4.500% 4.679% 10 Year 09/20/2018

*Annual Percentage Rate. The annual percentage rate (APR) is based on a $150,000 loan amount, which includes 20% down payment, application fee, appraisal fee, credit report fee, etc. The annual percentage rate (APR) is an interest rate that is different from the note rate. The APR is designed to measure the “true cost of a loan.” This includes some costs/fees associated when obtaining a mortgage loan. It is not used to calculate payments. The interest rate, along with the term of the loan is used to calculate a payment. However, strictly relying on the comparisons of the APR amongst lenders may not always be a good way to determine the overall cost/fee associated with a mortgage. There are other costs/fees that are not included in the APR. By obtaining good faith estimates from lenders, which itemize all the costs/fees, assuming the same interest rate and loan term, a true comparison may be made when determining the lowest cost/fee associated with a mortgage. Rates are subject to change anytime.

For other terms and rates, please contact us.

Home Equity Fixed Rate Loans
Rate APR* Term Effective Date
90% LTV 6.25% 6.699% 10 Year Fixed 08/02/2018
80% LTV 6.00% 6.447% 10 Year Fixed 08/02/2018

Maximum loan amount available is 90% of the appraisal value less the first mortgage balance. Minimum loan amount is $5000.
Low closing costs & processing fee. Rates are subject to change anytime.

Home Equity Line of Credit Rate Loans
Rate APR* Term Effective Date
90% LTV 5.00% 5.00% 10 Year Variable 08/02/2018
80% LTV 4.50% 4.50% 10 Year Variable 08/02/2018
  • Maximum line of credit available is 90% of the appraisal value less the first mortgage balance
  • Minimum loan amount is $5000
  • Pay no closing costs when you draw an initial advance of $10,000 or more with a new equity line of credit
  • Advances can be obtained during the first five years
  • Payment term is ten years
  • Low closing costs and processing fee
  • No prepayment penalty
  • Interest rate locked in at time of application

Variable rate, based on prime rate

  • HELOC’s with an LTV up to 80% will have a rate of the current Prime Rate – .50
  • HELOC’s with an LTV of 81% to 90% will have a rate of the current Prime Rate + 0
  • Caps are 2 and 6
  • Rate will not increase more than 2% each year and not to exceed 6% during the term of the loan