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Fixed Rate Home Equity Loans

Get a low-rate loan secured by the equity in your home

Use the equity in your home to finance just about anything you may be planning. Start planning that vacation or renovation with a Fixed Rate Home Equity Loan from SFCU.

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Receive Funds in Lump Sum

Unlike a revolving line of credit, with a Fixed Rate Home Equity Loan you will receive your funds in one lump sum.

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Low Rates

Enjoy lower interest rates compared to many other types of loans because the loan is secured by the equity in your home.

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Fixed Monthly Payments

It's easy to predict your monthly payment with fixed rates that won't change over the course of the loan.

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Flexible Terms

Choose a payment that works best for your goals with flexible terms between 5, 10, and 15 years.

Rates

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As low as APR*

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Low Rates

Some of the lowest rates around

Unlike unsecured personal loans, Fixed Home Equity Loans are secured by the equity in your house. Because there's less risk, you get lower rates!

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Up to 100% LTV

Qualify for a larger loan

With a Fixed Home Equity Loan from SFCU, you can get up to 100% loan to value on your primary residence. Use more of your home's equity to cover nearly any expense.

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I had the easiest loan process in my life.

— Scott T

How it works

It's easy to get a Fixed Home Equity Loan with us.

  • 1

    Complete an application

    It takes only minutes to fill out the online application.

  • 2

    Get an appraisal

    Have your home appraised, if necessary.

  • 3

    Use the funds

    Get approved and use the funds as you wish.

Apply for a Home Equity Loan

 

Have a question? Get in touch with us

Fast and simple financing to cover nearly any expense.

It's easy to get the funding you need to cover life's expenses. With a Fixed Home Equity Loan from SFCU, you can get a lump sum of low-rate financing secured by your home's equity to help you pay for just about anything.

Disclosures

*APR = Annual Percentage Rate. 

Home equity loans are available in NY, NJ and PA only.

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 100%. 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. CLTV above 90% is limited to 1-2 units.
  • 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

    • Maximum CLTV (Combined Loan-to-Value) is 100%. 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. CLTV above 90% is limited to 1-2 units.
    • 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.
    • Floor rate = 3%.
    • Maximum rate is 15.00%
    • HELOC amortization is based on the original maturity date of 360 months.
    • Payments are principal and interest with a minimum monthly payment of $100.
    • 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 0% 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.

Effective 4/13/24 – Market St. branch will be temporarily closed on Saturdays due to construction (ATM still available). Our Oneida St branch will be open on Saturdays from 9am – 12pm.