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Home Equity Lines of Credit (HELOC)

Get a line of credit to cover costs on the fly

If you're not sure how much money you'll need, a Home Equity Line of Credit (HELOC) will give you flexible funding to draw on to cover various expenses secured by the equity in your home.


Line of Credit

Draw as much or as little from your HELOC up to your approved limit and only pay on what you borrow.


Low Rates

Since a HELOC is secured by your home's equity, you can enjoy lower rates compared to other types of personal financing.


Up to 90% CLTV

Get more financing from your home's equity with up to 90% combined loan to value for primary residences.


No Closing Costs

Skip the closing costs and keep more money in your account when you work with SFCU for your HELOC. Terms & conditions apply see Disclosure below for details.


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Promotional Rate Fixed for 12 Months APR*

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Low Rates

Spend less on interest and keep more money in your account

Home equity lines of credit are secured by the equity in your home, meaning you can enjoy much lower rates compared to other types of personal financing. With low rates come big savings!

Line of Credit

Flexible financing to help you pay for ongoing costs

A HELOC isn't a loan that comes in a lump sum. You'll have access to a line of credit on which you can draw as much or as little as you need. Lines of credit are ideal for ongoing variable costs, like renovating your home, funding a vacation, covering medical expenses, or paying for education, to name a few.

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  • *APR – Annual Percentage Rate

    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 Equity Line of Credit

        • 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 amortization.
        • 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)

    Tax Deductibility:

    Consult a tax advisor for further information regarding the deductibility of interest and charges.

I had the easiest loan process in my life.

— Scott T

How it works

Get stted today and let us guide you through the process

  • 1

    Complete an application

    Our friendly & professional mortgage reps will guide you through the application

  • 2

    Have your home appraised

    If required, get your home evaluated to determine the value.

  • 3

    Use your line of credit

    Once approved, you may start using the funds in your HELOC as needed.

Apply for a HELOC


Have a question? Get in touch with us

Have the funds to cover whatever costs life might throw your way

With a HELOC from SFCU, you can get a low-rate line of credit you can use to pay for a wide variety of ongoing expenses, backed by the equity in your home.