Home Equity Line of Credit
With a Home Equity Line of Credit from SkyPoint, you can turn your home’s equity into extra cash you need. Simply tap into this line whenever you need it!
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Finance up to 100% of your home’s value minus your first mortgage balance
Get more out of your home’s value with 100% loan-to-value financing.
Loan amounts up to $250,000
Ensure you get the funds you need to achieve your goals with loan amounts up to $250,000.
Monthly payments based only on outstanding balance
Pay only when you have a balance on your line of credit.
Home Equity Line of Credit
| Loan-to-value | APR** (As low as) |
|---|---|
| Up to 80% | 7.00 (Prime – 0.50%) |
| 81% – 90% | 8.00 (Prime + 0.50%) |
| 91% – 100% | 9.00 (Prime + 1.5%) |
Limitless possibilities
Explore our other Home Equity options
From dream vacations to updating your kitchen, let your home help pay for it! A Home Equity from SkyPoint is perfect for whatever you have in store.
- Finance up to 100% of your home’s value minus your first mortgage balance
- Loan amounts up to $250,000
- Fixed repayment term up to 15 years
Get started today
Apply for your Home Equity loan in minutes!
** APR = Annual Percentage Rate. The APR offered for the above loans may be higher than the rate stated based on certain creditworthiness criteria. The APR for all Home Equity Lines of Credit is based on the Prime Rate, as published in the Wall Street Journal, plus a margin based on borrower’s credit rating and the Loan-to-Value. The Prime Rate effective August 1, 2023, is 8.50%. The current floor rate is 3.49% APR. The maximum APR is 18%. SkyPoint Federal Credit Union pays all closing costs on Home Equity Lines of Credit loans, excluding taxes, in exchange for a $10,000 minimum draw at the time of disbursement and a three (3) year minimum period that the loan is open. Total closing costs vary. Rates are dependent on individual qualification and are subject to change at any time without notice. Proof of Homeowner’s Insurance required. Proof of Flood Insurance may be required. You may pay certain fees to third parties to open the plan. These fees generally total between $250.00 and $1,000.00. If you ask, we will provide you with an itemization of the fees you will have to pay third parties. Contact the credit union for full details.
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