Lending Disclosures

Rates Current as of December 15th, 2018

Actual Annual Percentage Rate (APR) may vary according to overall credit history, payment method and payment processing fees. Diamond is an equal opportunity, equal housing lender. Real estate must be principal residence of member/borrower and must be located in PA, DE or NJ. Property insurance is required. Our Board of Directors reviews loan rates on a regular basis. All rates and terms are subject to change without notice.

New/Used Auto Loan Example

$20,000 for 60 months at a rate of 5.99% APR is a monthly payment of $386.44. May require a down payment depending on the qualifications of the borrower.

RV Loan Example

$25,000 for 72 months at a rate of 6.99% APR is a monthly payment of $426.19. May require a down payment depending on the qualifications of the borrower.

Fixed Rate Home Equity Loan Payment Example

$50,000 for 10 years at a rate of 7.99% APR is a monthly payment of $606.11.

Home Equity Line of Credit Loan Payment Example

The Annual Percentage Rate is based on the value of an index. The index is the highest Prime Rate published in The Wall Street Journal on the last business day of the month. To determine your Annual Percentage Rate applied to your line, we will add a margin to the value of the index. The maximum Annual Percentage Rate that can be charged is 18%. The line has a variable rate feature and the Annual Percentage Rate and the minimum monthly payment can change as a result. The rate can be adjusted monthly. You could pay certain fees to third parties to open a line. These fees generally total between $500 and $700. If you have an outstanding balance of $10,000, the minimum monthly payment at a rate of 6% would be $150.00. Other terms and conditions apply based on the type of loan you establish.

Mortgage Loan Payment Example

Principle and Interest only: A loan of $150,000 for 30 years at a rate of 5.000% is a monthly payment of $805.23. Does not include escrow for taxes and insurance, therefore the actual payment obligation will be greater.

Express Cash Line of Credit Loan Payment Example:

Minimum monthly payment is 2.5% of balance or minimum of $25.00. Minimum advance of $50.00. Rate subject to change anytime. If you have an outstanding balance of $1,500, payment is 2.5% or a payment of $37.50.