Home Loans
Home Loan
- BankPacific’s myHomeLoan offers home loans with fixed or adjustable interest rate. Fixed rate loans have the same principal and interest payments during the 30-year, 20-year, or 15-year loan terms.
- Can be used to purchase or refinance either owner occupied or nonowner occupied properties
- 1-4 family residences, condominiums, townhomes
- Fee simple and leasehold properties may be eligible
VA Home Loan
- Used to purchase or refinance an eligible veteran’s primary residence
- Loan Terms of 30-years and 15-years.
- 1-4 family residences, (eligible) condominiums and townhomes
- Fee simple and leasehold properties may be eligible
- Fixed Interest Rates
myLandLoan
- Can be used to purchase or refinance a vacant lot
- Up to a 20-year term
- Fixed interest rate
- Up to 65% LTV
myConstructionLoan
- Can be used to build your primary residence
- Interest only payments with a balloon payment at maturity
- Controlled loan disbursements for work completed
- Engineer and title company reviews prior to the payment of each increment
Home Equity Line of Credit
Unlock the power of your home equity by applying to BankPacific’s HELOC loan!
Get approved for up to $400,000 in a home equity line of credit!*
Use your funds for a variety of expenses and investments that’s right for you! You decide how you spend it and when you want to spend it!
- Withdraw Cash
- Renovate Your Home
- Install Solar Panels
- Pay for school or business expenses
- Invest in new opportunities
- Pay off expensive credit cards
- Make online purchases
- Take a vacation
- Use it for everyday shopping
- Purchase a boat, car or use it for repairs
- Remit money to family and friends
Best of all, you can access your HELOC funds using our BankPacific VISA Debit Card! Now, that’s convenient!
Can be used to purchase or refinance either owner occupied or nonowner
Loan Terms of 30-years, 20-years, and 15-years.
1-4 units, condominiums, townhomes
Fee simple and leasehold properties may be eligible.
*Terms and Conditions apply. Based on approved credit.
HELOC DISCLOSURE (1) Line of credit amount depends on home equity borrower’s creditworthiness and occupancy. (2) Annual Fee: You will be assessed a $100 annual fee on your first periodic statement and annually thereafter during the draw period. (3) Home equity lines of credit (HELOC) are variable rate loans, and the interest rate is subject to increase after consummation of the loan on a monthly basis. (4) Closing costs range between $3,150 and $17,500 for credit lines of $25,000 to $400,000. Contact a representative for additional details. (5) BankPacific, Ltd will require an appraisal for all HELOCs. (6) Interest may be tax deductible; consult a tax advisor for further information regarding the tax deductibility of interest and charges. (7) Property Insurance: Property insurance is required. (8) Multiple BankPacific, Ltd. Loans: Multiple BankPacific, Ltd. loans and HELOCs are available as long as the borrower and collateral qualify. For HELOCs, the total indebtedness cannot exceed $500,000 for all BankPacific, Ltd. HELOCs combined. (9) BankPacific, Ltd. does not lend on: (a) Mobile homes (b) Co-ops or time-shares c) Properties that are currently listed on the market for sale (d) Commercial property or property used for commercial purposes, even if a residence is part of the property (e) Undeveloped property (land only) (f) Properties with more than 4 units (g) Properties that are currently under major construction/renovations: Property must be fully livable, with no safety issues. (Examples: no missing rails from stairs/decks, no open walls with wires showing, missing kitchen appliances/counters, missing bath fixtures or unfinished pool). (10) Home Equity Line of Credit: (a) This Account has a Draw Period of 5 years, followed by a repayment period of 15 years. (b) If only minimum payments are made during the draw period, the loan balance will not decrease. (c) The maximum Combined Loan To Value (CLTV) available is dependent on credit qualification. (d) Rates vary depending on owner occupancy and CLTV. (11) Minimum and Maximum Loan Amount Requirements: – For owner-occupied property the minimum loan amount is $25,000 and the maximum amount is $400,000 with a CLTV of 80% or less of the fair market value. – For non owner-occupied property the minimum loan amount is $25,000 and the maximum amount is $400,000 with a CLTV of 75% or less of the fair market value. (12) Refinancing existing BankPacific, Ltd. mortgages and Home Equity Lines of Credit, do not qualify for the introductory rate offer. HELOC Disclosure as of 9/30/2025 | BANKPACIFIC, LTD. Other terms and conditions apply; call 671-479-1166 to speak with a representative for details. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
*APR = Annual Percentage Rate
