The Annual Percentage Rate (APR) is subject to credit approval and is available for owner-occupied, 1-4 family dwellings in Indiana with up to 80% loan-to-value. To open the plan, a minimum credit line of $5,000 is required, with a minimum draw of $250. Hazard insurance and a 1st Source Easy Banking Club Checking account are mandatory. Additional finance charges may include a $49 annual fee. The APR is variable, based on the Prime Rate as listed in the Money Rate column of the Wall Street Journal, NY-US Edition, as of April 7, 2025. The APR may adjust monthly, ranging from a minimum of 3.50% (Floor Rate) to a maximum of 18.00% (Ceiling Rate). After the 10-year draw period, a 7-year repayment period will commence, with minimum monthly payments equal to 2% of the outstanding balance or $50, whichever is greater. If these payments do not fully repay the principal, a single balloon payment may be required at the end of the term. Special offering is available for a limited time only and ends on June 30th, 2025 (subject to change). Applications must be submitted by June 30th, 2025.