Get the funds you need to pay for whatever life might throw your way
With a home equity loan, you can dip into your existing home equity to secure fast turn around, competitive rate financing to pay for everything from vehicle purchases and educational expenses to debt consolidation, home projects, and more.
Closing costs can be pricey, skip them!
Most home equity loans come with closing costs. At SFCU, you can skip additional costs with a no closing cost option available. It has never been easier to save money on your home equity loan! Terms & conditions apply see Disclosure for details.

Secure more funds for the expenses you need to cover
No matter what you need to pay for, SFCU is here for you! With a home equity loan, you may be able to secure up to 90% combined loan to value on your primary residence.

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1
Complete an application
It takes only minutes to fill out the online application.
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2
Get an appraisal
We'll help you set up a home appraisal, if necessary.
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3
Use the funds
Once approved, use the funds to pay for expenses.
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*APR = Annual Percentage Rate.
Credit Union Membership is required with a minimum deposit of $5 for all products.
You may be required to pay certain fees to third parties to open a home equity and/or home improvement loan. These fees generally total between $625 and $4000. If you ask, we will provide you with an itemization of the fees you will have to pay to third parties. Certain fees may be considered a finance charge. Proof of homeowner’s insurance is required. Flood insurance may be required. Escrow may be required.
All rates are subject to change at any time. The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.
Fixed Rate Home Equity
- Maximum CLTV (Combined Loan-to-Value) is 90%. Certain terms apply, contact the credit union for details.
- Must be in 1st or 2nd lien. Property must be a 1-4 unit owner occupied property.
- Manufactured/Mobile homes with land are accepted with maximum CLTV of 80% . Certain terms apply, contact the credit union for details.
- Closing costs can be waived with an add-on of 0.50%. The loan must remain open for a minimum of 36 months to avoid reimbursing waived fees.
- Title Insurance may be required and would be paid by the borrower (even if a promotion to waive closing costs is in effect)
Home Equity Line of Credit
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- Maximum CLTV (Combined Loan-to-Value) is 90%. Certain terms apply, contact the credit union for details.
- Must be in 1st or 2nd lien. Property must be a 1-4 unit owner occupied property.
- Manufactured/Mobile homes with land are accepted with maximum CLTV of 80% . Certain terms apply, contact the credit union for details.
- Index is Prime Rate as published in the Wall Street Journal on the 20th of the month prior to the change.
- Rate is variable and may change quarterly based on the applicable index and margin. Quarterly changes occur on the 1st of January, April, July and October if a change we to occur.
- There is no floor rate.
- Maximum rate is 15.00%
- HELOC loans are based on a 10 year amoritization.
- Payments are principal and interest with a minimum monthly payment of $100.
- Closing costs can be waived with an add-on of 0.50%. The loan must remain open for a minimum of 36 months to avoid reimbursing waived fees.
- Title Insurance may be required and would be paid by the borrower (even if a promotion to waive closing costs is in effect)
Promotional HELOC Rate & Payment Changes:
The initial rate of 1.99% indicated for the HELOC will remain constant for one year and is subject to increase after. This initial rate is not connected to an index. The rate change thereafter may occur quarterly based on the index plus margin.
Home Improvement Loan
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- Junior lien. Max 3rd Lien position.
- Minimum loan amount $2,500 and max is $15,000
Have a question? Get in touch with us
It's easy to get financing from your home's equity
Keep rates low by securing your loan funds against the equity in your house. With flexible terms and high combined loan to value percentages, it has never been easier (or more budget-friendly) to get the funding you need.
Home Equity Loan Rates
Type of Loan | Term (Approx.) | APR (as low as) | Example Monthly Payment |
---|---|---|---|
Fixed Home Equity LTV 80% or less |
60 months |
6.375% |
$975.38 |
120 months |
6.500% |
$567.74 |
|
180 months |
6.750% |
$442.45 |
|
Fixed Home Equity LTV 80.01-90.0% |
60 months |
6.625% |
$981.24 |
120 months |
6.750% |
$574.12 |
|
180 months |
7.000% |
$449.41 |
as of 08/21/2023 Monthly Payment Example is based on $50,000 and does not include escrow. Credit Union membership is required with a minimum deposit of $5 for all products. You may be required to pay certain fees to third parties to open a home equity loan. These fees generally total between $625 and $4000. If you ask, we will provide you with an itemization of the fees you will have to pay to third parties. Certain fees may be considered a finance charge. Proof of homeowner’s insurance is required. Flood insurance may be required. Escrow may be required. All rates are subject to change at any time. The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice. - Maximum CLTV (Combined Loan-to-Value) is 90%. Certain terms apply, contact the Credit Union for details. - Must be in 1st or 2nd lien. Property must be a 1-4-unit owner-occupied property. - Manufactured/Mobile homes with land are accepted with a maximum CLTV of 80%. Certain terms apply, contact the Credit Union for details. - Closing costs can be waived with an add-on of 0.50%. The loan must remain open for a minimum of 36 months to avoid reimbursing waived fees. - Title insurance may be required and would be paid by the borrower (even if a promotion to waive costs is in effect).
Features
Loan may be tax deductible
Home equity loans may be removed from your taxable income, potentially lowering your taxes. Consult with your tax advisor.
No closing cost option
Save more money on your home equity loan with no closing cost options available. Terms and conditions apply.
Fixed monthly payments
Know exactly what your payment will look like with fixed monthly payments that won’t change over the life of your loan.
Receive funds in lump sum
Get all your funds up front to make it easy to pay for expenses.
Low minimum loan amount
Use only the home equity you need with a low minimum loan amount of only $10,000.
Loan amounts up to $500,000
Get higher-than-usual loan amounts for more financing at your disposal with home equity loans up to $500,000.
Low interest rates
Rates on home equity loans are typically lower than other personal loans, saving you money over the course of the loan.
Flexible terms
Choose the right term that works for you with terms available from 5, 10, and 15 years.
Up to 90% LTV
Get more funding from your home equity loan with up to 90% loan to value on your primary residence.
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Rates Effective as of: September 22, 2023
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