Finally tackle that kitchen remodel, add a deck, or create the extra space you’ve always wanted. Increase your home’s value while enjoying it more.
Consolidate high-interest debts like credit cards or personal loans into one lower-interest payment. Simplify your finances and potentially save thousands.
Pay for college tuition, cover medical bills, or fund other significant purchases with a predictable, affordable loan.
A Home Equity Line of Credit (HELOC) offers ongoing, as-needed access to funds.
The interest you pay on a home equity line of credit may be tax-deductible. (Consult a tax advisor regarding your specific situation.)
Our friendly loan officers understand the local market and are dedicated to providing the personalized service you deserve.
Curious about current rates? Check out our competitive offerings below. Rates vary based on your creditworthiness, loan-to-value (LTV), and chosen term. We’re happy to provide a personalized quote.
| Loan Type | Max Term | Rate | Loan-To-Value |
|---|---|---|---|
|
Home Equity Line of Credit (HELOC) (Variable Rate, revolving access) |
Up to 20 Years |
as low as 6.50% |
up to 80% |
Ability to lock up to five (5) Low Fixed Rate balances1
1. This plan has a fixed rate option which the borrower may exercise each time a minimum advance of $1,000 is requested. There is a low processing fee of $25 when the fixed rate option is exercised. The fixed rate option has repayment terms of 60 months, 120 months, or 180 months providing the payoff period does not exceed the number of months remaining to the maturity date of your plan.
Rates are subject to change and are based on various factors including credit score, loan-to-value, and property type. All loans are subject to credit approval, property appraisal, and other conditions. Please contact Sweet Home FCU for full details.
Title insurance may be required and is paid by the borrower. The remaining closing costs paid by SHFCU on behalf of the borrower will be charged back and added to the payoff amount of the loan if the home equity line is paid in full within three (3) years of loan closing. Closing costs generally total between $250 and $1,250.
LTV calculated by multiplying the appraised value by 80%, less the remaining balance on your first mortgage.
The annual percentage rate is based on the value of an index. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal. Interest and payments adjust annually on the 1st day of March, with a 2% annual cap and a 17.90% lifetime cap. The Annual Percentage Rate will never go below 4.0% unless the credit union is running a lower promotional rate. All rates quoted and listed are subject to approval. Rates may vary from those quoted and listed based on your credit history.
Please consult a tax advisor regarding deductibility of interest.
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility. The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
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Calculator Disclaimer
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Our site contains hyperlinks to other web sites operated by third parties. These links will take you away from our site. Please note that we do not guarantee the accuracy or completeness of any information presented on these sites nor do we represent either the third party or our member if the two enter into a transaction. The third party’s privacy and security policies may differ from those practiced by the credit union. We encourage our members to know when they leave our site and to read the privacy statements of each and every web site that collects personally identifiable information. Our Privacy Statement applies solely to information collected by our web site.
Our site contains hyperlinks to other web sites operated by third parties. These links will take you away from our site. Please note that we do not guarantee the accuracy or completeness of any information presented on these sites nor do we represent either the third party or our member if the two enter into a transaction. The third party’s privacy and security policies may differ from those practiced by the credit union. We encourage our members to know when they leave our site and to read the privacy statements of each and every web site that collects personally identifiable information. Our Privacy Statement applies solely to information collected by our web site.
