Home Equity Lines of Credit

For debt consolidation, education expenses, home improvements and much more

Key Features

  • Affordable Financing
  • Anytime Funds
  • Revolving Credit
  • Competitive Rates
Apply Now

FLEXIBLE FINANCING OPTIONS

By leveraging the equity in your home as collateral, you can access funds for various purposes like debt consolidation, education expenses, home improvements, and much more. With our competitive interest rates and convenient repayment terms, a HELOC from St. Mary's Credit Union provides you with ongoing, affordable financing that works uniquely for you, so you can feel confident.

 

COMMON USES OF A HELOC

Ideal for several ongoing or seasonal needs:

  • Debt Consolidation
  • Education Expenses
  • Major Home Improvements
  • Major Life Events
  • Emergency Reserve

 

THE GOOD STUFF

Use the existing equity in your home - up to 80% of the value, as collateral. 

  • The property must be a 1-4 family owner occupied residence
  • Standard closing costs will be paid by the Credit Union (appraisal and recording fees may be an additional cost)1
  • The interest paid may be tax deductible2
  • The interest rate is adjustable and tied to the Prime Rate as published in The Wall Street Journal minus 50 basis points (-0.50%) 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

 

CHOOSE ST. MARY'S

We've been in business for over a century as a friend, a neighbor, and a credit union. We’re here for you - with quick, local decision-making and processing as well as attentive, friendly service from start to finish.

Your funds will be easily available in-person or by phone. Set up automatic payments to be deducted from your account monthly. Plus, we offer quick and easy online transfers to your specified St. Mary’s Credit Union checking account.

 

DO I NEED TO BE A MEMBER?

If you're not already a member, our lending team will easily set you up with a membership at St. Mary's. Your membership will also give you access to our other trusted products and services, be sure to check them out.

 

Want to get started? View our rates or apply now -

 

VIEW OUR RATES

Apply Now

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.