At SMW Financial, we've got your best interest at heart. We are pleased to offer you a new way to access the equity in your home with our Interest Only Home Equity Line of Credit program!



Whether you are remodeling your home, making upgrades and improvements, or need extra cash for college tuition or even a car purchase, let SMW Financial help. Our Interest-Only HELOC program offers the following benefits:

  • Low interest-only payments for 10 years
  • 15-year repayment term
  • Borrow over time without the need to reapply
  • Access your funds with a debit or credit card

To get started today just call one of our expert Loan Officers:


Call Katrina at (651) 747-1511 or Matt at (651) 747-1565

APR = Annual Percentage Rate. Interest Only Line of Credit – APR is based on the Prime Rate plus a margin. Your rate is based on creditworthiness and loan terms. Rates are variable and subject to increase after consummation. The maximum rate is 18.00% and the lowest could never be below the floor rate of 4.0%. Terms are subject to change without notice. Member can obtain credit advances up to 10 years (the draw period). After the draw period ends, the

loan is setup on a repayment schedule not to exceed 15 years. During the draw period, the payment is equal to the finance charge (interest) that accrued on the outstanding balance during the preceding month. The total maximum line of credit amount for the loan is $275,000 up to 85% LTV on primary residence. There is a $50 annual fee. Other fees may apply depending on the loan amount and state of residence. Fees such as appraisal, title charges, flood certification and tax service may apply. Terms and conditions apply, see credit union for details. SMW Financial Credit Union is Federally Insured by the National Credit Union Administration.