From home improvements to much-needed vacations, flexibly finance any plan with a line of credit that’s backed by your equity.

Key Features

  • Competitive Rates
  • Anytime Funds
  • Revolving Credit
  • No Closing Costs1
  • Turn the equity in your home into ongoing, affordable financing
  • Competitive rates for several ongoing or seasonal needs
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or automated phone and online transfers to a specified St. Mary’s Credit Union checking account
  • Set up automatic payments to be deducted from your account monthly
  • No closing costs1
  • The interest paid might be tax deductible2
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish
  • The property must be a 1-4 family owner occupied residence
  • The interest rate is adjustable and tied to the Prime Rate as published in The Wall Street Journal minus 50 basis points (-0.50%APR) for the life of the loan, subject to minimum interest rate of 3.25%APR and maximum rate of 12.00%APR
  • 10 year interest only draw period, followed by a 15 year repayment period
  • Ideal for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more
  • Use the existing equity in your home - up to 80% of the value - as collateral

HELOC Rates

1Excludes any discharge or special legal recording fees.

2Consult a tax advisor.