home equity loans and credit lines

Compare our Home Equity loans to those at other lenders and we think you'll agree our Home Equity loans are a great deal. At SHARE Credit Union we have several types of Home Equity loans to choose from all with:

Low Rates
No Application Fees
Quick turn around times
Low closing costs

Home Equity Line of Credit (HELOC):

Borrow money when you need it and only pay interest on what you have borrowed. There are no annual fees or advance fees; so use it as often as you like. Repayment is based on the loan balance at the time of each advance. Payments are adjusted if rates are adjusted in order to maintain the same payback period of the most recent advance. First advance: minimum $1000.00. Subsequent advances: minimum $500.00

Fixed Rate Home Equity Loans:

Fixed Rate Home Equity loans are closed end fixed rate loans, meaning you get all your money, all at once. Any additional money would require a new loan.

Fine Print:
Maximum loan amount is $250,000.00
Minimum loan amount is $5,000.00
Closing costs as low as $241.00***

Maximum loan to value is 80%. This means 80% of a drive by appraisal, less the balance of your first mortgage. For High LTV the maximum value is 95% of the drive by appraised value less the balance of your first mortgage.

Interest paid on Home Equity loans is usually tax deductible. Please consult your tax advisor.

Home must be a single family residence located in Washington State and must be owner occupied.

*6.49% is the current interest rate being offered. The rate is adjusted annually on November 1st. The new rate is the 26-week treasury bill (index) plus 3.00% (margin). Maximum interest rate - 16.00% Minimum interest rate - 6.00% Maximum annual rate change - 2.50%.

**8.75% is the current interest rate being offered. The rate is adjusted annually on November 1st. The new rate is the 26-week treasury bill (index) plus 5.00% (margin). Maximum interest rate - 16.00% Minimum interest rate - 8.00% Maximum annual rate change - 2.50%.

*** closing costs depend on the loan amount

home equity

Home Equity Line of Credit (HELOC):

6.49% apr*

Fixed Rate Home Equity Loans:

6.50% apr 72 months or less
7.25% apr 73 - 180 months

High LTV HELOC:

8.75% apr**

High LTV - Fixed Rate Equity Loans:

8.50% apr 72 months or less
9.00% apr 73 - 180 months