Home Equity Loans

SMCU's Home Equity Loans Make It Quick and Easy to Save Money

Whether you are looking to borrow for home improvements or want to consolidate other debts into one payment to save money, SMCU's home equity loans and home equity lines of credit (HELOCs) are some of the best in Seattle.

Borrow up to 90% of the value of your home (minus any other amounts you owe on your home) with terms up to 15 years. You may also be able to deduct your home-equity interest payments(consult your tax advisor for details).

SMCU's home equity rates can save you hundreds of dollars a year versus loans at other lenders. Our easy online application process means that you can have an answer fast, so you can get to work on adding your new deck or consolidating all of your outstanding credit card debt into one low monthly payment.

SMCU has a number of different options in our home equity program, including:

  • Home Equity Loans
  • Home Equity Lines of Credit
  • Small Home-Improvement Loans

View Home Equity Rates

Seattle Metropolitan Home Equity Loans

Home Equity Loans

SMCU's fixed-rate equity loans are great for one-time projects, like remodeling the kitchen, or for debt consolidation. SMCU's Home Equity Loans have fixed rates and fixed terms, up to 15 years, so you can feel confident planning your monthly expenses knowing your equity loan payment won't change.

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Home Equity Lines of Credit

Home Equity Lines of Credit

SMCU's variable-rate home equity lines of credit are perfect for dealing with unforeseen home repairs or home improvements where you won't need the money all at once. Use your Home Equity Line of Credit (HELOC) to fix a broken pipe or add a new window to take advantage of a fantastic view. As you pay down your balance, you can borrow against it again for other projects.

It's easy to access your HELOC when you need it. Just use the attached Platinum Equity VISA® to make purchases at the home-improvement store or online to get just what you need for your project.

You can draw against your HELOC for 10 years. At the end of the draw period your monthly payment will be 2% of the outstanding balance until the entire amount is repaid.

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Frequently Asked Questions



Mortgage Disclosures

Conditions and restrictions apply. See www.smcu.com/education-and-resources/debt-protection.html for more details.



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