TEXAS HOME EQUITY LOANS

Please contact one of the following for more information! Karen Drewek, NMLS #1006967 Gretchen Rossington, NMLS #555982 DFW Senior Account Manager AUS/SAT Account Manager
C: 972.786.6500 C: 512.484.1860 Karen.Drewek@CadenceBank.com Gretchen.Rossington@CadenceBank.com
Rates Effective June 11, 2015
TEXAS HOME EQUITY LOANS
nd
2
LIEN POSITION ONLY / Homestead - (Stand Alone Transactions)
Rates based on Primary Wage Earner’s Mid-Credit Score
< 80.00% CLTV – 15 Yr Term
$50,000 to $250,000
< 75.00% CLTV – 15 Yr Term
$50,000 to $350,000
< 70.00% CLTV – 15 Yr Term
$50,000 to $500,000
750+
749-700
6.000%
6.000%
750+
749-700
6.000%
6.000%
750+
749-700
6.000%
6.000%
Refer your Home Equity Customers directly to Cadence Bank!


Rate Adjustments
5-Year Term – minus .50%
10-Year Term – minus .25%


20-Year Term – add .25%
Previous Bankruptcy – add 1.00%
- Auto-Debit - Subtract .125% Enrollment in auto-debit program from a Cadence Bank checking or savings account is
Auto-Debit Program
-required to receive discount.
- A Cadence Bank checking or savings account can be opened up at closing, but this must be communicated to us ---prior to loan documents being finalized to be eligible for rate discount.
Closing Costs
Loans < $75,000

Loan must be closed at a Title Company or
Attorney’s Office.
$119.08 Title Search, $11.00 Flood Cert, $100.00 Recording, $400.00
Closing Fee, and Appraisal Fee (est. POC).
Loans > $75,001

Cadence pays for Title, Flood, and credit report. Borrowers responsible for
Recording Fee (est. $100.00), Closing Fee (est. $400.00) and Appraisal Fee
(est. POC).
(Cadence Bank prepares GFE and all
required disclosures)
Loans < $100,000:
Purchase Price on HUD-1, if purchased in last 12 -Months
Appraisal

Paid by Borrower - Payment must be
received prior to ordering appraisal or
credit card given when appraisal
appointment is set.

Administrative Fee
$399.00
Referral Fees
Referral Fees are NOT permitted at this time. Cadence Bank does not pay compensation of any kind for
referrals.
Acceptable Properties
O/O, Primary Residence Only: SFR’s, Townhomes, PUD’s, Warrantable Condo < 7 Stories
Jumbo Properties
Contact Account Manager for Guidelines - Properties valued from $750,000 to $2.5 Million
Debt to Income Ratios
43% Owner/Occupied
40% Applies to Property Values greater than $750,000
Cash Reserves
3-Months PITI Cash Reserves
Bankruptcy Guidelines
5-Years from the discharge date, provided that credit has been reestablished and has been maintained perfect since
discharge date.

Existing 1004 Appraisal meeting Appraiser Independence Rules (dated within last 6-Months) or New
Appraisal ordered by Cadence Bank
Loans $100,001 - $500,000:
Cadence Bank orders New 1004 Appraisal
Certain restrictions apply. Rates, programs, guidelines subject to change without notice or at underwriter’s discretion. This material is not intended to
be distributed to or used by consumers. This material is informational in nature and has been distributed to business entities.
Cadence Bank NMLS ID# 525022