Second Mortgage

We can finance up to 100% of the available equity of a member’s primary residence for a remodel project, a dream vacation or debt consolidation.

  • Various terms
  • Fixed interest rate
  • Borrow up to $150,000
  • Low closing costs
  • Simple process that can be completed in as few as three weeks

Construction Loan - Apply Now



Home Equity Line of Credit (HELOC)

If you're already in the home of your dreams, but it needs a little touch up, consider a Home Equity Line of Credit Visa® Credit Card. Not only is this product great for a remodel project, you can use it for almost anything. 

  • Low closing costs 
  • Simple process that can be completed in as few as three weeks
  • Low variable interest rate
  • Borrow up to $150,000
  • Borrow up to 90% of your home's equity
  • Easily accessible through a True Sky Visa® Credit Card
  • 10-year draw period
Construction Loan - Apply Now

Disclosures and details

APR = Annual Percentage Rate. Credit restrictions apply. Rates and terms are subject to change at anytime.

HELOC Disclosures:

Oklahoma properties only. Some credit and other restrictions apply.

L58

The stated APR is effective as of January 1, 2018. The APR is subject to change monthly. The minimum APR that can apply is 5%. The maximum APR that can apply is 18% . The variable rate is based on the Index plus Margin. The Index used to calculate the APR is the Wall Street Journal Prime Rate. The Margin is 1.50% for loans with a loan-to-value of 80%-90%. All fees must be paid at closing. These fees generally total between $0 and $2,500 and include: (a) Underwriting fee of $275.00; (b) Appraisal $250-$450; (c) Flood Certification $10.00; (d) Title Report $75-$125.00; and (e) Filing Fee $30-$40.00. Fees are subject to change and are non-refundable.

The minimum loan amount is $10,000 and the minimum initial draw is $5,000. During the draw period the minimum payment will equal the greater of (i) 1.5% of the Account Balance; (ii) $25.00, or (iii) total of (a) the periodic finance charges, and other fees, charges, and costs including without limitation, any other expenses or advance incurred by us under the Security Instrument; (b) accrued but unpaid interest for prior Billing Cycles; and (c) premiums for any optional credit life insurance. The Draw Period of 10 years will be followed by a Repayment Period of 10 years. During the Repayment Period, if any, your minimum payment will equal 2% of your unpaid Account Balance at the end of the Draw Period, plus all periodic finance charges and other fees, charges and costs, or $25.00, whichever is greater. All payments will be due monthly. Minimum payments may not be sufficient to fully repay the principal that is outstanding on your line and a balloon payment may result.

We will take a security interest in your home. You could lose your home if you do not meet the obligations in your agreement with us. Property insurance is required. If the property is located in a Special Flood Hazard Area, flood insurance is required, if available. Credit restrictions apply. Membership eligibility is required. New members must establish a share account with a minimum deposit of $25.00.

L48

The stated APR is effective as of January 1, 2018. The APR is subject to change monthly. The minimum APR that can apply is 4%. The maximum APR that can apply is 18% . The variable rate is based on the Index plus Margin. The Index used to calculate the APR is the Wall Street Journal Prime Rate. The Margin is 0.50% for loans with a loan-to-value of 80% or less. All fees must be paid at closing. These fees generally total between $0 and $2,500 and include: (a) Underwriting fee of $275.00; (b) Appraisal $250-$450; (c) Flood Certification $10.00; (d) Title Report $75-$125.00; and (e) Filing Fee $30-$40.00. Fees are subject to change and are non-refundable.

The minimum loan amount is $10,000 and the minimum initial draw is $5,000. During the draw period the minimum payment will equal the greater of (i) 1.5% of the Account Balance; (ii) $25.00, or (iii) total of (a) the periodic finance charges, and other fees, charges, and costs including without limitation, any other expenses or advance incurred by us under the Security Instrument; (b) accrued but unpaid interest for prior Billing Cycles; and (c) premiums for any optional credit life insurance. The Draw Period of 10 years will be followed by a Repayment Period of 10 years. During the Repayment Period, if any, your minimum payment will equal 2% of your unpaid Account Balance at the end of the Draw Period, plus all periodic finance charges and other fees, charges and costs, or $25.00, whichever is greater. All payments will be due monthly. Minimum payments may not be sufficient to fully repay the principal that is outstanding on your line and a balloon payment may result.

We will take a security interest in your home. You could lose your home if you do not meet the obligations in your agreement with us. Property insurance is required. If the property is located in a Special Flood Hazard Area, flood insurance is required, if available. Credit restrictions apply. Membership eligibility is required. New members must establish a share account with a minimum deposit of $25.00.