Local: 607-561-7328, 607-432-1451

Toll FREE: 1-800-642-7328

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Home Equity Loans

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A home equity loan or home equity line of credit (HELOC) is a great way to pay for life’s projects.

Home Equity Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)

Updated 10/19/2022

Loan Type Introductory APR
(as low as)
(as low as)
HELOC - 80% or Less LTV 1.990% ** 0.00% 6.25%
HELOC 81% to 90% LTV 1.990% ** 0.50% 6.25%
APR = Annual Percentage Rate
** The APR indicated for HELOCs is the Introductory APR and is subject to increase. The HELOC will have a constant APR for one year and then can change quarterly based on the Index(Prime) plus the Margin. Variable APR based on Prime, credit worthiness, and LTV (Loan-To-Value). Margins range from 0.00 - 1.75%.
* Title insurance may be required and is paid by the borrower. For Home Equity Fixed Loans, escrow may be required, and initial deposit at closing is paid by the borrower.  Closing costs paid by SFCU, on behalf of the borrower, will be added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $300 - $4,000 but depending on location and other factors it could be higher or lower. Product is available for members whose owner-occupied primary residence located in New York State. For the Variable-Rate Home Equity Line of Credit, the minimum requested line of credit amount is $10,000. 
No floor APR and the maximum APR = 15%. HELOC's are based on a 10 year amortization. Payments are principal and interest with a minimum of $100 monthly. HELOC loans NOT applicable for Mobile Homes. 
*** Check with your tax advisor regarding deductibility. 
**** To qualify for Member Rewards borrower must have qualifying direct deposit to sfcu account.

Flexibility when you need it most. Whether it’s home improvements, debt consolidation, college tuition or the vacation of your dreams an sfcu HELOC and your home’s equity has your back!

  •  Borrow up to 90% of your home’s equity (minus the balance of your current mortgage)
  • Lock into a low introductory rate for 12 months
  • No closing costs*
  • Variable rate as low as prime**
  • Interest may be tax deductible (if eligible)***
  • Easy online application
  • Access your funds online 24/7

Home Equity Loan

With low fixed rates, low fixed payments and flexible borrowing terms your project can fit your budget!

  • Borrow up to 90% of your home’s equity (minus the balance of your current mortgage)
  • Low fixed rate
  • Flexible terms from 60 months to 180 months
  • Interest may be tax deductible (if eligible)***
  • Eligible for Member Rewards discount of 0.50%****


NMLS # 609016

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Phone: 877 642-7328

ART (Audio Response Teller)

Local: 607-561-7328, 607-432-1451

Toll Free: 1-800-642-7328

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Rates and earnings advertised through sfcu's website, ads, and promotions may be subject to change based on account fees.

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