Home Equity Line of Credit
Unlock your Equity
Enjoy competitive rates and generous credit limits.
You can trust Skyward Credit Union to help you with financial decisions – large and small. If you’re facing a major expense, be sure to ask about our Home Equity Line of Credit (HELOC).*
Get the cash you need when you need it.
Whether you want to pay off high-rate credit cards, remodel your kitchen or add a master bathroom, simply tap into this flexible line of credit for fast cash. Advantages include:
- 2.74% APR*
- No closing costs
- Generous credit limits
- Flexible spending power
* Annual Percentage Rate. 2.74% APR introductory offer available for new loans and existing Skyward Home Equity loans with $5000 advance if available limit. No closing or application fees. Subject to credit approval, property valuation, membership, and other restrictions may apply. Primary residence only. Rate effective until 4/1/2021 then adjusts to current rate (current rate as of 2/1/2020 is 5% APR up to 80% loan to value and 5.75% APR on loans up to 90% loan to value). Rate is based on prime interest rate with a floor of 5%, maximum increase of 1% per adjustment in February and August, with a maximum rate of 12.75% APR). The finance charge begins to accrue on the date each advance is posted to the credit limit and accrues each day the balance remains unpaid. $100 monthly minimum payment. $5000 minimum advance must be taken at closing; $500 minimum subsequent advances; first three advances per quarter are free then $5 per additional advance. Please consult your tax advisor regarding the deductibility of interest. Limited time offer.