Solutions to Give You the Financial Flexibility You Need
Look to Lake Shore Savings for competitive rates and professional guidance to help you find the best products for your needs. If you’re not sure which options are right for you, or if you have questions, please call or stop in to your local Lake Shore Savings branch. We’ll be happy to help you determine the loan or account that best fits your financial needs.
Home Equity Line of Credit
8.00
See below for details.
Savings
3.99
See below for details.
Whether you’re buying a new home or refinancing, Lake Shore Savings is committed to helping you find the loan that’s right for you. Take a look at our current mortgage rates:
10-Year Term: Conforming Rate 7.000%, APR 7.339%
15-Year Term: Conforming Rate 7.250%, APR 7.494%
20-Year Term: Conforming Rate 7.350%, APR 7.547%
30-Year Term: Conforming Rate 7.500%, APR 7.654%
APRs are based on $100,000 purchase mortgage loan amount and 20% down payment. Rates are subject to change without notice and are based on credit score and loan to value. Please ask for details. To be considered for a conforming rate, the collateral property must be an owner-occupied, single-unit home. Other requirements apply. Loan conformity is determined by Lake Shore Savings. Lock-In Fee of $500 is to be collected at time of application if customer desires to lock in rate. Loans over the conforming limit ($766,550) for qualified applicants are considered using non-conforming rates. All APRs and rates are accurate as of August 21, 2024, and are subject to change without notice.
We also offer No Closing Cost Mortgages on Purchases or Refinances. Call or visit your local branch for details.
ALL RATES LISTED ARE SUBJECT TO CHANGE WITHOUT NOTICE.
If you’re not sure which loan is right for you, or if you have questions regarding any of our options, please call or stop in to your local Lake Shore Savings branch. Onsite loan specialists are available at every Lake Shore Savings branch.
To apply today for a mortgage, please click the link below to be taken to our online mortgage center.
Borrowing against the equity you’ve built in your home provides the opportunity for you to consolidate debt, pay down expenses or just ensure that the money you need is there when you need it. Let us help you with our “All in One” Home Equity Loan, which can provide you with the flexibility of a home equity line of credit as well as term out options.
Stop in or call your local Lake Shore Savings branch, we’ll be happy to assist you!
The Annual Percentage Rate (APR) of the Home Equity Line of Credit (HELOC) will be variable and based upon index (Prime Rate as published in The Wall Street Journal) plus a margin, subject to change as the Prime Rate changes. APR based upon a $100,000 loan and may be higher based upon loan amount and/or other credit factors. As of November 8, 2024, the initial APR on new HELOC loans ranges from 8.00% to 8.50%. Maximum APR: 15.00%. Minimum APR: 4.00%. Lake Shore Savings will pay all closing costs on HELOCs between $7,500 and $300,000. HELOCs less than $7,500 require borrower to pay all closing costs. For HELOCs ranging from $300,000 to $647,200 the following will be paid by the borrower: appraisal amount above standard ($225), mortgage tax on amount above $300,000, and non-standard fees for a HELOC such as attorney fees or title insurance. If you cancel the HELOC within three years, you must reimburse us for certain fees. These fees will generally total between $500 and $4,000 (for a HELOC up to $647,200) plus non-standard fees, as applicable. HELOCs are subject to credit approval and program guidelines. Minimum line of credit $5,000. Interest rates and program terms are subject to change without notice. Property insurance is required. Other restrictions may apply, see bank for details.
To apply today for a home equity loan, please click the link below to be taken to our online application.
Check out these great Certificate of Deposit (CD) Specials. Call us at (716) 366-4070 or visit one of our branches to get current rates on all of our deposit products.
| Term | APY1 | Interest Rate | Deposit Amount |
|---|---|---|---|
| 3-Month | 3.75% | 3.68% | $500 – $99,999.99 |
| 3-Month | 3.99% | 3.91% | $100,000 – $249,999.99 |
| 3-Month | 3.75% | 3.68% | $250,000 or greater |
$500 minimum deposit required to open any CD. Offer subject to change without notice. 3-Month CD Special is limited to one deposit per customer.
| Term | APY1 | Interest Rate |
|---|---|---|
| 6-Month | 3.95% | 3.87% |
| 9-Month | 3.85% | 3.77% |
| 14-Month | 3.70% | 3.63% |
| 22-Month | 3.50% | 3.44% |
| 57-Month | 3.15% | 3.11% |
$500 minimum deposit required to open any CD. Offer subject to change without notice.
1All Annual Percentage Yields (APY’s) and rates are accurate as of April 5, 2025, and are subject to change without notice. Any APY provided in this disclosure assumes interest will remain on deposit until maturity, for accounts with terms, or for at least one year for accounts with no terms. Fees and withdrawals will reduce earnings. Early withdrawal penalties may apply for CDs. See your account disclosures for additional information about your account. Current rate information can be obtained by calling any of our offices.