To get you through the application process as quickly as possible, let us know if you are already a member.
Let Us Beat Your Rate
Or Get $50
We want our members to have the best rates out there, which is why we’re offering to beat your non-SECU rate on your Home Equity Line of Credit. Just schedule an in-person or virtual appointment.
For a Home Equity Line of Credit, once approved, you have the option to lock in a fixed rate on a portion or all of your new Home Equity Line of Credit.
- No closing costs**
- Flexible options to lock-in low rates
- Fixed rate options
- No application fee
- No points
- No annual fee
- Easy access to funds
What if we can’t beat your rate?
If you’re already getting a fantastic rate on your Home Equity Line of Credit and we can’t help get it any lower, we’ll send you a $50 gift card*—meaning you win either way.
Find Out If We Can Beat Your Rate
Schedule an in-person or virtual appointment to see if you qualify. Offer ends 12/31/21.
*Offer valid from 07/02/2021 through 12/31/2021. If the rate cannot be beat once you apply and are approved, you will qualify for a gift card, which will be sent via US Mail within 60 days of application date. One gift card per member, per product, is allowed. SECU not responsible for gift card program, for gift card program please contact MediaTree (mediatreerewards.com). Subject to credit approval. Additional terms and restrictions may apply. Membership Required.
*APR=Annual Percentage Rate. Rates are subject to change without prior notification. SECU will advance the closing costs on any primary or second home with a loan amount of $300,000 or less, regardless of credit score and/or the number of SECU Home Equity loans the member has had. Closing costs generally range from $850 to $1,000 on a $20,000 loan or line of credit. If line of credit is paid off within 24 months or original note date, closing costs must be reimbursed to SECU by borrower. Adequate property and flood insurance required, if applicable.
Introductory rate is a variable rate of Prime minus 2.26% for 12 months, subject to a minimum of 1.99%. This results in the APR stated above, but it can change based on prime. Offer is valid on qualified new home equity line of credit applications received between now and December 31, 2021 with a minimum initial draw of $20,000 and a maximum 90% combined Loan-to-Value (CLTV). Refinances of existing SECU home equity lines of credit are not eligible for the introductory rate. The introductory rate requires a direct loan payment from a SECU account. After the intro rate or for lines not subject to the intro rate, your monthly APR will be a fully indexed, variable rate based on Prime plus or minus a margin and based on your credit line amount, Loan to Value (LTV) and other factors. Prime rate is obtained from the Wall Street Journal. The minimum APR that can apply is 3.5% and the maximum APR that can apply is 18%. The rate is variable and can adjust on a monthly basis. Consult a tax professional for further information regarding the potential tax deductibility of your interest payments and charges.Direct Deposit Requirement Introduced
This promotional offer requires direct loan payment from a SECU account and a direct deposit of full pay check to SECU checking account (existing direct deposit qualifies).
** SECU advances costs for appraisals, credit reports and closing costs on your SECU Home Equity Loan or Line of Credit (primary/secondary residence only) on loan amounts less than $300,000. Closing costs generally range from $850 to $1,000 on a $20,000 line of credit. If line of credit is paid off within 24 months of original note date, closing costs must be reimbursed to SECU by borrower.