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Home > Loans & Credit Cards > Home Equity Loan

HELCO Special Rate

Home Equity Loans for the Important Things


Loan amounts from $15,000 - $250,000

  • Property must be located in Washington State
  • Automatic payments from SnoCope Checking Account required
  • No upfront deposit required

Apply here...  or call 425.405.9973 select option #1.

Details and disclosures:

1) Maximum LTV of 75% or less, credit score of 680 or higher, debt to income ratio maximum 40%, automatic payments from a SnoCope Checking Account. Property must be located in Washington State.  Not all will qualify for the special rate, other HELOC terms available.  

2) APR = Annual Percentage Rate. Offer may be cancelled at any time.

3) Regular Home Equity Line of Credit: Rate is based on credit score, lien position, credit limit and loan to value. Not all members will qualify and certain restrictions apply. The minimum monthly payment is established at the time of each advance at an amount equal to 1.00% of the then unpaid principal balance (which will be rounded up to the nearest $1.00), subject to the lesser of $50.00 or your account balance during the initial 5-year Draw Period. Then, during the remaining 10-year Repayment Period, the monthly payment is established as a 120-month amortized principal and interest monthly payment. Borrow up to 85% of the value in your home, less your first mortgage balance. Minimum loan amount $15,000 up to $150,000 on a second lien position or up to $250,000 on a first lien position. Minimum initial draw is $5,000 and subsequent minimum draws are $250. Only one Home Equity Line of Credit per member and owner-occupied property only. “No Closing Cost Option” on loans $15,000 to $75,000 with a loan to value of up to 80%. No upfront deposit required. Cost of full appraisal, if required, paid for directly by member and due when ordered. Note: Your payments during both the draw and repayment periods will not include amounts due for 
property taxes and insurance.

4) Fees and Charges: The credit union may pay certain closing costs for you. If you repay and close your Home Equity Line of Credit within the first 24 months of opening it, you must reimburse SnoCope Credit Union for all settlement charges waived in the establishment of your Home Equity Line of Credit, but which were paid for by SnoCope Credit Union to third parties in connection with the origination of your Home Equity Line of Credit. These settlement charges are itemized within the “Other Charges” section of your Credit Line Account Home Equity Secured Open-End Credit Agreement which will be provided to you upon closing. Must be a SnoCope member or qualify for membership to be eligible.

5) Promotional rate, subject to change or cancellation at any time without notice.


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