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Home Equity Rates

Home Equity Loan
Effective Date: September 19, 2019
Combined Loan-to-Value (CLTV) 80% or Lower
TermAPR*Monthly Payment per $1,000
1-5 Years 3.125% $18.02
6-10 Years 3.375% $9.83
11-15 Years 3.625% $7.21
16-20 Years 4.250% $6.19
*Rates subject to change at any time. Your Annual Percentage Rate, Term and Approved Loan Amount may vary based on your credit worthiness. Please ask a loan representative for details regarding how your rate is determined. If an equity loan is secured by a first lien on the property, the payments shown do not include amounts for taxes and insurance premiums and, if applicable, the actual payment obligation will be greater.

Home Equity Line of Credit

Annual Percentage Rate (APR)*
Effective August 1, 2019 the Prime Interest Rate is 5.25%

Standard (Principal and Interest Payments) Prime - .50% of the life of the loan. APR is 4.75% Max Term - Revolving
Premium (Interest Only Payment) Prime - .50% of the life of the loan. APR is 4.75% Max Term - Revolving

*APR – Annual Percentage Rate. Rates subject to change at any time. Variable APR at .50% below the prime rate as published in the Wall Street Journal on the last business day of each month. Effective December 20, 2018, the Prime Interest Rate is 5.25%. Minimum APR is 3.50%. Maximum APR of 18%. Available on 1-4 family owner occupied residences. Maximum LTV requirements apply. Property insurance is required. Appraisal fee and/or flood insurance may be required. No points or attorney fees are associated with this loan. Applicable Trust and Power of Attorney review and recording fees apply. Other restrictions may apply. If the line of credit is paid off within 36 months, the borrower will be responsible for waived closing fees of $261-$306. Minimum line amount of $10,000 up to $500,000. A $5 primary share account is required for membership for all borrowers.

1 Borrowers who maintain their first mortgage with Sharon Credit Union may be eligible for a floor rate of 3.00%

Home Improvement Loan
Effective Date: September 19, 2019
TermAPR*MaximumMonthly Payment per $1,000
1-5 Years 3.875% $40,000 $18.36
6-10 Years 4.125% $40,000 $10.18
11-15 Years 4.375% $40,000 $7.59
16-20 Years 5.000% $40,000 $6.60
*Rates subject to change at any time. Your Annual Percentage Rate, Term and Approved Loan Amount may vary based on your credit worthiness. Please ask a loan representative for details regarding how your rate is determined.

To view our Mortgage Rates, click here.

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