Home Equity Loans

Funding Backed By The Equity In Your Home

  • Competitive Rates
  • Local Processing
  • Quick Decisions
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Why Choose a Home Equity Loan?

Whether you’re looking to enhance your property or simplify your finances, our equity solutions offer the stability of a fixed resource with the personal touch of a local lender.

  • Lump Sum Liquidity: Access up to 90% of your home’s value in one single payment.

  • Built-In Savings: Standard closing costs will be paid by the Credit Union1 (appraisal and recording fees may be an additional cost)2

  • Flexible Utility: From dream kitchen remodels and tuition fees to debt consolidation and major life milestones, the choice is yours.

  • Potential Tax Advantages: The interest you pay may be tax-deductible, making this one of the smartest ways to borrow. (Consult your tax advisor for details.)

 

Home Equity Loan Rates

 

The SMCU Advantage

We believe borrowing should be as comfortable as the home you live in.

  • Quick, Local Decisions: Because we process and underwrite right here, you get answers faster.

  • Tailored Repayment: We design terms that align with your specific budget and long-term financial health.

  • The "Best Rate" Bonus: Want our lowest possible rate? Simply connect your St. Mary’s account for automatic payments and watch your interest costs drop.

 

Qualifications at a Glance

Requirement Detail
Property Type 1-4 family owner-occupied residences.
Loan-to-Value Borrow up to 90% of your equity.
Service Attentive, friendly support from application to your final payment.
 
 

Connect With Our Team

Home Equity Loan Rates

Ready to unlock your home's potential? Our local experts are standing by to help you navigate your options and secure the funding you need.

   

 

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1 Standard closing costs will be paid by the Credit Union when the loan request is less than $400,000 with a combined loan to value that does not exceed 80%.   If the Credit Union is unable to determine a value or the loan request is equal to or greater than $400,000 or greater than 80% combined loan to value an appraisal is required at your expense. The costs may range from $400.00 to $1,000.00. These fees must be paid at application.   

If applicable you will be responsible for any fees associated with delivering clear and marketable title, including but not limited to discharges and Trust related fees.  These costs may range from $100.00 to $1,000.00.

2Consult a tax advisor.