Put your home to work. A home equity loan or line of credit uses your equity to lock in competitive rates.
Details
- No application fee
- Low, fixed annual percentage rate
- Various repayment terms available
- Available to first or second mortgage on a primary residence in Minnesota
- Borrow up to 80% of your home's current property tax value or appraised value (minus any existing first mortgage balance)
- The interest paid might be tax deductible*
- Automatic payments available from your SMW FCU checking or savings account
- Consider refinancing existing home equity loans for better terms
- Local decision-making and processing by your community credit union
- Attentive, friendly service from start to finish
Home Equity Line of Credit (HELOC)
- No application fee
- Borrow as needed without re-applying
- Only pay interest on what is used, not full approved amount
- Low, variable annual percentage rate
- Various repayment terms available
- Available to first or second mortgage on a primary residence in Minnesota
- Get approved for up to 80% of your home's current property tax value or appraised value (minus any existing first mortgage balance)
- The interest paid might be tax deductible*
- Automatic payments available from your SMW FCU checking or savings account
- Local decision-making and processing by your community credit union
- Attentive, friendly service from start to finish
Home Improvement Loans
Styles have changed since you first bought your home. Give it an upgrade with an affordable home improvement loan.
- No application fee
- Low fixed annual percentage rate
- Various repayment terms available
- Available to first or second mortgage on a primary residence in Minnesota or Wisconsin
- Borrow up to 100% of your home's current property tax value or appraised value (minus any existing first mortgage balance)
- Automatic payments available from your SMW FCU checking or savings account
- Consider refinancing existing home improvement loans for better terms
- Local decision-making and processing by your community credit union
- Attentive, friendly service from start to finish
*Consult a tax advisor for more information regarding the tax implications.