We’ve Got Two Great Options
to fit your needs and make your dreams a reality
Which Solution is Best for You?
Home Equity Line of Credit
Get cash when you need it. Similar to a credit card- 10 year repayment period
- Rate is prime + margin (Margin determined by credit qualifications and loan to value)
- No prepayment penalty
- No initial advance required and no minimum initial advance amount
- No minimum draw amounts; unlimited draws allowed
- No fees for advances/draws
- No annual fee
Home Equity Loan
Perfect for a specific amount needed for a onetime purchase.- 5, 10 or 15 year loan terms, fully amortized
- No annual fee
- Rate is fixed for term of loan
- Monthly payment is fixed principal + interest
- No prepayment penalty
- Entire loan amount is drawn when the loan is opened and a fixed payment amount is paid during the term of the loan
Draw from up to 100% of your home’s equity. (up to $250,000)
We’ll pay up to $500 in closing costs!
Competitive rates & personal guidance through the entire loan process.
APPLY ONLINE or
Talk to a Lender!
952-445-0888
Subject to credit history and underwriting criteria. Must be a SMFCU member or eligible for membership. Promotion runs from 7/1/22 – 9/30/22 and is subject to change or be discontinued without notice. Other restrictions and fees may apply. Talk to a lender for more details
Get there. Start here.
Routing #: 091981646 | NMLS ID # 1059389
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