Enjoy mortgage and lending options built to fit your needs.
When you want to hit the ground running on a new home, our experts at Lake Shore Savings Bank are ready to guide you through the mortgage process—from pre-qualification to closing day.
*2.50% Annual Percentage Rate (APR) is available on Home Equity Lines of Credit (HELOC) during the 12-month introductory period. Offer is available for new applications submitted beginning October 1, 2021. Interest rate will be fixed at 2.50% for 12 months. After the 12-month introductory period, the APR will be variable and based upon index (Prime Rate as published in The Wall Street Journal) plus a margin, and subject to change as the Prime Rate changes. After the introductory period, rate reduction of 0.25% applies if borrower maintains autopay from a Lake Shore Savings deposit account. After introductory period, the rate will not vary above 15.00% APR or below 4.00% APR. As of January 1, 2021, the HELOC rates have ranged from 2.50% to 5.50% APR. Higher rates may apply due to increases in the Prime Rate or due to a lower credit score. 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 $548,250, 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 $548,250) plus non-standard fees, as applicable. HELOCs are subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required. Consult your tax advisor for details on the tax deductibility of interest. See an employee for more details.