HOME EQUITY LINE OF CREDIT
Dream Big!
Fund Your Dreams with a SharePoint CU Home Equity Line of Credit
Dream It, Fund It, Unlock It! Use the equity in your home to dream big with a Home Equity Line of Credit from SharePoint Credit Union. Whether you're planning a home renovation, consolidating debt, funding education, or embarking on a dream vacation, a HELOC provides the flexibility and financial power to make it happen.
Special Offer: Up to $500¹ Off Closing Costs!
For a limited time, SharePoint Credit Union is offering up to $500¹ off closing costs on new Home Equity Line of Credit applications. This is your chance to save even more while unlocking the potential of your home's equity.
Don't miss out on this opportunity to make your dreams a reality!
¹Credit up to $500 will be applied towards your loan costs at closing, not to exceed your total loan closing costs excluding the appraisal fee. Closing costs will vary based on loan amount, appraisal requirement, geographic location, and title examination findings. For loan amounts of $25,000 to $150,000, closing costs will typically range from $363 to $1121 including an appraisal if one is required. Property must be the primary residence. Home Equity Line of Credit loans may only be written for homes in MN and WI. Property insurance required for Home Equity Lines of Credit. Subject to credit approval and requires income verification. Terms are subject to change. Cannot be combined with any other offer. HELOC must close within 60 days of the application date to receive offer. Must be eligible for membership. NMLS# 527701. Equal Housing Opportunity Lender. Contact a SharePoint Credit Union Representative for details. Offer ends 06/30/2025 and subject to change without notice.
| Name | Variable APR* |
|---|---|
| Home Equity Line of Credit (80% Loan to Value) | 7.50% (Prime Rate 8.50%) |
| Home Equity Line of Credit (90% Loan to Value) | 10.50% |
| *APR=Annual Percentage Rate. Subject to approval. All posted rates are as low as and may vary, subject to your credit history. Additional loan rates and terms are available. Home Equity Line of Credit (HELOC) has a variable rate indexed to the Prime Rate as published by the Wall Street Journal plus a set Margin. A HELOC with a Loan to Value (LTV) of 80% or less does not have a Margin added to the Prime Rate. A HELOC with a LTV greater than 80% will have a Margin of 3.00% APR added to the Prime Rate. A HELOC will never go below 4.00% APR and will not exceed 18.00% APR and will never exceed the highest allowable rate for this type of agreement as determined by applicable state or federal law. A HELOC has a seven-year draw period with a ten-year repayment period. Property must be the primary residence or a non-investment second/vacation home. Home Equity Loan and Credit Lines may only be written for homes in MN and WI. Closing costs will vary based on loan amount, appraisal requirement, geo-graphic location, and title examination findings. For loan amounts of $25,000 to $150,000, costs will typically range from $591 to $961 including an appraisal if one is required. Property insurance required for Home Equity Loans and Credit Lines. Subject to credit approval and require income verification. Rates and terms are subject to change. Cannot be combined with any other offer. SharePoint is an equal housing lender. Contact a SharePoint Credit Union Representative for details. | |
Benefits of a SharePoint CU HELOC
Flexible Access to Funds
Draw on your line of credit as needed, when you need it.
Competitive Interest Rates
Enjoy competitive rates and flexible repayment options.
Use for Any Purpose
Fund home improvements, debt consolidation, education, vacations, and more.
Local Expertise
Our experienced lending team is here to guide you through every step of the process.
Ready to unlock your tomorrow, today?
Apply online or, contact our lending experts at 952-930-0700 to discuss your specific needs. You can also visit any of our branch locations during normal business hours.
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