Home Equity Loans

Home Equity Loans

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6-Month Introductory Rate

4.91% APR*

 

Variable APR After Introductory Period

6.75%–13.00% APR*

Maximum APR: 18%

Celebrating 91 Years Of Serving Montana-It’s our gift to you!

 

  • Renovate: Funding home improvements to increase your property value.

     

  • Consolidate: Paying off high-interest debt, like credit cards.

     

  • Dream Bigger: Financing large expenses like a wedding, education, or an adventure!

No Pressure! No Judgment! Just Real Local Help!

 

*The introductory Annual Percentage Rate (APR) of 4.91% is available for the first six (6) months from the loan agreement date (the "Introductory Period") on qualifying new HELOCs. After the Introductory Period, the APR becomes variable and is based on the current U.S. Prime Rate plus a margin, as described in the HELOC agreement. Current variable APRs range from 6.75% to 13.00%, depending on creditworthiness and the applicable margin. APRs are subject to change. Maximum APR is 18%.

To qualify for the introductory rate, borrowers must meet all credit and program requirements. A minimum initial draw of $25,000 is required. The $250 processing fee is waived during the promotional period. A $100 annual fee applies beginning in the second year. Property insurance is required. Additional fees may apply, including appraisal and other property-related fees. Available for new HELOC applications only. Subject to credit approval, membership eligibility, and applicable terms and conditions. Contact Sky Federal Credit Union for complete details.

 

  • Tap into your home equity for a secure source of cash.

  • Get a lower rate than most personal loans, with some tax advantages.**

Details
  • Use home equity loans to finance various projects
  • Leave savings and emergency funds intact
  • Competitive rates for a wide range of short-term or one-time expenses:
    • Education expenses
    • Major life events
    • Home improvement projects
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid may be tax deductible*
  • Local, Montana decision making and processing
  • Friendly, attentive service from start to finish
Home Equity Line of Credit (HELOC)
  • Competitive financing for ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more
  • The existing equity in your home is used as collateral backing
  • Funds available for 10 years without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Accommodating repayment terms that work uniquely for you
  • The interest paid may be tax deductible*
  • Local, Montana decision making and processing
  • Friendly, attentive service from start to finish
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**Consult a tax advisor.

APR=Annual Percentage Rate

Credit Union NMLS ID # 506352

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