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Whether you're ready to buy your first home or use the equity you've built to update your current one, now is the time to take the next step!
Home Equity Loans or Lines of Credit
Home Equity Line of Credit – Low Closing Cost Availableᵇ
| Number of Months | Rate | Annual Percentage Rate | Terms & Conditions |
|---|---|---|---|
| 180 | 6.75% | 6.75% (ARM)⁸ | Up to $150,000; 10 Year draw period; No Points, No Annual Fee, No Application Fee; Maximum Loan-to-Value = 80%; Primary residence only; Minimum Loan amount is $20K. |
Example Payment: For 180 months per $1000, there would be a $9.56 monthly payment
8) ARM means “Adjustable Rate Mortgage”; the HELOC rate is based on the Prime Rate as published in the Wall Street Journal; rate changes can occur on the first day of each month; maximum rate is 18%, $150K Program: minimum rate offered is 4.00%.
8) ARM means “Adjustable Rate Mortgage”; the HELOC rate is based on the Prime Rate as published in the Wall Street Journal; rate changes can occur on the first day of each month; maximum rate is 18%, $150K Program: minimum rate offered is 4.00%.
Fixed Rate Home Equity Loans- Low Closing Cost Availableᵇ
| Number of Months | Rate | Annual Percentage Rate* | Terms & Conditions | Payment Per $1,000*** |
|---|---|---|---|---|
| 60 | 6.00% | 6.35% | $150K, 1st Lien-$200K | $19.33 |
| 120 | 6.50% | 6.69% | $150K, 1st Lien-$200K | $11.35 |
| 180 | 6.75% | 6.89% | $150K, 1st Lien-$200K | $8.85 |
| $20K MINIMUM | ||||
| No Application Fee; | ||||
| Maximum Loan-to-Value = 80%; | ||||
| Primary residence only. |
b - The payments do not include amounts for taxes and insurance
premiums, if applicable, and the actual payment obligation
will be greater.
To apply, or learn more about Home Equity Loans or Lines of Credit, please call us at (781) 438-3959 (option 3) or email us at lending@smefcu.org.
Mortgage Loans
Fixed Rate
Variable Rate
Jumbo Fixed
FHA Fixed
VA Fixed
1st Time Home Buyers
***Loans are subject to credit approval; not all applicants qualify. Rates are subject to change without notice. Other terms and conditions may apply. Must have or open a SMEFCU Share Account with a $5 opening deposit and minimum balance. Payment examples based on maximum term.