Home Equity Loans

Put your home to work for you with a fixed-rate Home Equity Loan or a variable-rate Home Equity Line of Credit Loan.

You can access the equity you built up in your home to pay for things like:

  • Home improvements
  • College tuition
  • Debt consolidation
  • Emergencies

You earned your equity. Now, you can use it for whatever you need, however you need it.

Home Equity Line of Credit (HELOC)*
With a variable-rate HELOC, you borrow only what you need, only when you need it and pay interest on only what you borrow. You can easily transfer your HELOC funds directly to your checking or savings using It’s Me 27 Online Banking and our Mobile App. Plus you can give us a call or visit any branch. The minimum draw amount is $100 per transfer.

Home Equity Loan**
With a fixed-rate Home Equity Loan, you get the entire amount of the loan at closing and the rate never changes over the life of the loan.

Apply Now

Loan Rates - Effective Tuesday, November 12, 2019
Loan TypeRates as low asTerms/Information
HOME EQUITY LINE OF CREDIT4.500%LOW VARIABLE RATE
HOME EQUITY LOANS5.000%TERMS UP TO 180 MONTHS

*APR = Annual Percentage Rate. Programs, rates, terms and conditions are subject to change without notice. The rate may vary depending on each individual’s credit history and underwriting factors. Rates are variable and are subject to increase after consummation. Rates are based on the value of an index, plus or minus a margin. The index is the Prime Rate as published in the Wall Street Journal on the last business day of each quarter. The APR will be based on the prime rate plus a margin of up to 4.75%. The maximum APR that can apply is 18.00%.  A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for modular homes, manufactured homes or cooperatives. Flood and/or property hazard insurance may be required. Other restrictions may apply. 

**Annual Percentage Rate (APR) is accurate as of the Effective Date and programs, rates, terms and conditions are subject to change without notice. The rate may vary depending on each individual’s credit history and underwriting factors. Interest rates will increase 1% on loans with 90% or greater loan-to-value ratio based on the appraisal of the property. Usually the estimated cost to obtain a Home Equity Loan is $300, excluding appraisals and title insurance, if required. Offer excludes Home Equity Loans used for a home purchase and the appraisal fee, if an appraisal is necessary. Does not apply to refinancing existing SFCU loans. A sample Fixed Home Equity Loan payment based on $20,000 at 5.00% APR for 5 years is $377.00 per month.