Put your home to work. A home equity loan or line of credit uses your equity to lock in competitive rates. Whether you want to make a major purchase, renovate your home, borrow to invest or consolidate debt, we have a borrowing solution to meet your needs and budget.
- Fast, attentive, friendly service from start to finish
- Closing costs waived up to $500
- The interest paid might be tax deductible*
- Available on first or second mortgage on a primary residence in MN or WI
- Consider refinancing existing home equity loans for better rate or lower payment
- Five, ten and 15 year term
- No application fee
Home Equity Line of Credit (HELOC)
- Only pay interest on what is used, not full approved amount
- Low, variable annual percentage rate
- Draw funds whenever you need them without reapplying
- Get approved for up to 90% of your home's value
- Easy access to funds via a debit card, ATM or online
Home Equity Loans
Styles have changed since you first bought your home. Give it an upgrade with an affordable home improvement loan.
- Low fixed annual percentage rate
- Various repayment terms available
- Borrow up to 100% of your home's current property tax value or appraised value (minus any existing first mortgage balance) for home improvement projects
- Automatic payments available from your SMW FCU checking or savings account
*Consult a tax advisor for more information regarding the tax implications.