With a Home Equity Line of Credit from SkyPoint Federal Credit Union, you can turn your home's equity into extra cash you need. Simply tap into this line of credit whenever you need it, for whatever you need it for.

Questions? Call us at 301.279.1964

Finance

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 Amount

Loan amounts up to $250,000

Ensure you get the funds you need to achieve your goals with loan amounts up to $250,000.


Fixed Repayment

Monthly payments based only on outstanding balance

Pay only when you have a balance on your line of credit.

Rates

Home Equity Line of Credit

*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 November 1, 2019, is 4.75%. The current floor rate is 3.49% APR. 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. Contact the credit union for full details.


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This website is connected to third party websites. The links are for informational purposes only and not an endorsement of those products or services. Third party websites accessed by links are not part of the credit union or its website. Be sure you know your privacy rights when offering information to those sites. This website may be used for authorized purposes only. Unauthorized access or use is not permitted and constitutes a crime punishable by law. 1) Annual Percentage Rate effective 8/1/2016 subject to change and credit qualification. Auto loan example compares a balance of $20,000 repaid over 60 months. 2) Mortgage cost example is based on a $200,000 mortgage average origination fee in the State of Maryland. 3) Average Bank Rates provided by BankRate.com. Although the information has been obtained from the various financial institutions, the accuracy cannot be guaranteed.