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Home Equity LOC

APPLY NOW: https://crescentcredit.mortgage-application.net/WebApp/Start.aspx?

A home equity line of credit (HELOC) puts extra cash as close as your checkbook

Home Equity Line of Credit

Features & Benefits:

  • Variable interest rate at Prime minus .50% with a floor rate of 3.50%*
  • 10 year draw period
  • 15 year repayment period
  • Monthly billing based on the outstanding loan balance only
  • Property valuations or appraisal may be required. Applicable fees to be paid by applicant.

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

Annual Percentage Rate (APR)*
Effective October 31, 2019 the Prime Interest Rate is 4.75%


Principal and Interest Payments Prime - .50% of the life of the loan. APR is 4.25% Max Term - 25  years Revolving - 10 years
Interest Only Payment for the first 60 payments Prime - .50% of the life of the loan. APR is 4.25% Max Term - 25  years Revolving - 10 years

*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 October 31, 2019, the Prime Interest Rate is 4.75%. 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. Reimbursement Fees:  The Borrower shall reimburse the lender for $550 of the total closing costs paid by the lender to third parties at loan origination if the borrower, within 36 months of the date hereof, requests a discharge of the mortgage given to secure the note.

Please review our Important Terms of our Home Equity Lines of Credit Disclosure for more information


 Never send personal or financial information by email unsecured. 

Please upload all your loan documents in your secured on-line loan portal to protect your personal information.

Crescent Credit Union, A Division of Sharon & Crescent United Credit Union NMLS #463186
1300 Belmont Street P.O. Box 4290, Brockton, MA  02303
Toll Free:  (800) 894-4445 Ext. 6364
Direct:  (508) 408-6364
Copyright © 2020 Sharon & Crescent United Credit Union
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