Community Bank, N.A., (CBNA) is a full-service financial institution and national banking subsidiary of Community Bank System, Inc. With locations across Upstate New York and Northeastern Pennsylvania, CBNA offers personal loans, mortgages, checking and savings accounts, credit and debit cards, online banking, mobile banking, commercial loans, cash management and more. In addition to a full range of retail and business banking services, the company offers comprehensive financial planning, insurance and wealth-management services.
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Home Sweet Home Equity Loan.
Now with no closing costs.*

 

Home Equity Line of Credit1

Home Equity Loan2

0.00%
3-Month Intro APR

4.00%
Fully Indexed APR

3.99%
5-Year Fixed APR

Whether you’re improving a home, sending a child off to school, or buying a new car, we have the loans and lines with the rates and terms to help make it happen. And, the best part — decisions are made right here in town. So, stop into your local branch and ask about our Home Equity Loans and Lines of Credit.

 

*Valid on owner-occupied 1–4-family residential properties to customers with marketable (as determined by Lender or Lender’s Attorney) title to the property that is to secure the loan. ADDITIONAL “NO CLOSING COST” PRODUCT DISCLOSURE: “No closing costs” means no: origination fee/points; application fee; flood check fee; credit report fee; mortgage recording fee; abstract update, title search fees; appraisal fee; bank attorney fee; or mortgage tax. If the customer selects an attorney to represent him/her, customer is responsible for attorney’s fee. Community Bank, N.A.’s intent is to utilize and pay for an exterior-only appraisal of the collateral property. If a more extensive appraisal is requested by the customer for any reason, or is deemed to be necessary for any reason by the Bank, the Bank will pay for up to $175 of the cost. The customer will be responsible for any difference charged by the appraiser. The Bank will not pay for a survey or any other expense not specifically listed herein. Property and hazard insurance are required and are the responsibility of the borrower. Should the loan be closed within three years of the origination, the Bank will collect the third-party closing costs from the customer that were waived when the loan was opened.  Rate shown is for a loan with an LTV (Loan-To-Value) ratio of 80% or less of current appraised value of property securing the accommodation less the balance of the borrower’s first mortgage. APR accurate as of 3/27/17 and subject to change without notice.  Rate not available for purchase transactions. Other terms, rates and loan amounts are available.
1. The 0% introductory rate is available for all Home Equity Line of Credit options. A minimum draw of $25,000 is required at time of closing to qualify for advertised offer. After 3 months the Rate of interest will be adjusted to the then current Wall Street Journal (WSJ) Prime Lending rate. The rate of interest is variable, and will adjust in accordance with changes to the WSJ Prime Lending Rate, with a maximum rate of interest of 14.50%.   Single-wide mobile homes are not eligible for Home Equity Lines of Credit. Double-wide mobile homes are eligible only if permanently attached to a foundation. Should the line of credit be cancelled within three years of the origination, the Bank will collect the third-party closing costs from the customer that were waived when the line of credit was opened.  Closing costs paid to third-parties generally total between $500.00 and $8,500.00.  The amount can vary depending on the original line of credit amount approved. 
2. Minimum loan requirement of $10,000. Example: A $10,000 loan at 3.99% APR requires 60 payments of $184.12 for principal and interest. (This payment does not include amounts for taxes and insurance. The actual payment may be greater.) Single-wide mobile homes are not eligible for Home Equity Loans. Double-wide mobile homes are eligible only if permanently attached to a foundation. Subject to credit approval.

 

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