It’s easier to plan ahead for the future when you have the funds. Sharonview’s Home Equity loan (HELOAN) is dispersed in a lump-sum with a fixed interest rate and payment. If you know what you need to spend—whether consolidating debt or completing home projects—a HELOAN may work for you!
Let’s look at the details:
- Fixed interested rate and term
- Terms from 10-20 years for easier repayment
- Funds disbursed at time of funding
- No penalty for early payoff!
Interested in Learning More?
- Minimum credit limit is $15,000. Maximum credit limit can go up to $350,000, but cannot exceed 90% of the appraised value of your home. Call us if you need additional options.
- You can continue to make additional purchases with the debit card and borrow up to the maximum credit limit, but you are not required to do so.
- Minimum monthly payment amounts may vary, and are determined by the amount you currently owe on the line of credit.
- The application process is similar to a mortgage, because your home is used as collateral to secure the loan. It may require a home assessment to determine its value.
- Primary Residences only. Vacation Homes and Investment Properties are not eligible.
Before Applying for a HELOC
Please click on each of the important disclosures below prior to applying for a Home Equity Line of Credit.
Home Equity Line of Credit Important Information
Electronic Communications Disclosure
CFPB - What you should know about home equity lines of credit
After you apply for your home equity line of credit, make sure you have this information available so we can process it:
- Copy of homeowners insurance policy showing the agent's name and telephone number
- Proof of income (a copy of your two most recent paycheck stubs for everyone applying)
- Mortgage statement
*As of January 1st, 2026, the current APR varies between 6.75% - 8.25% and is determined by credit score; a minimum 660 credit score is required. The APR is variable and based on prime rate; the maximum APR that could be reached is 18.00%. Origination fee of $495 is required. Appraisal fees of approximately $585 - $1000 may apply in certain circumstances, ask a Sharonview representative for details. Property insurance is required. Flood insurance may be required. Applications accepted for properties located in NC, SC, NJ, PA, VA, TN, GA, FL. Subject to credit approval. Terms and Conditions subject to change at any time without notice. Sharonview FCU NMLS ID: 419727