Home Equity

Many people tap into their homes' equity for large purchases, to cover college costs or to consolidate debt, which typically results in a single payment, a lower interest rate, and a tax deduction**. 

Home Equity Lines of Credit

Get ongoing access to funds while saving money with a low, variable rate.

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Home Equity Loans

For a one-time need. Pay no closing costs and get a low, fixed rate.

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Home Loan Assistance

Assistance for homeowners with a SECU-held home equity loan/line or mortgage.

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*APR = Annual Percentage Rate. Introductory rate of 0.99% APR is a fixed rate for twelve months. Offer is valid on qualified new home equity line of credit applications received between February 3, 2014 and December 31, 2015 with a minimum initial draw of $20,000 and a maximum 90% Combined Loan-to-Value Ratio (CLTV). The annual percentage rate in effect after the expiration of the introductory rate is a variable rate that is based on the value of an index. The index is the Prime Rate and is published in the Wall Street Journal. To determine the annual percentage rate that will apply to your line, we apply a margin of 0 to -.50% from the value of the index, subject to a minimum APR of 3.50%. The post introductory annual percentage rate is currently as low as Prime -.50% for CLTV’s of 80% or less, and Prime minus 0% for CLTV’s up to 90%. The minimum APR is 3.50%. The maximum APR is 18%. Subject to credit approval. Certain restrictions apply. SECU advances costs for appraisals, credit reports and closing costs on Lines of Credit with loan amounts of 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 closed within 24 months of original note date, closing costs must be reimbursed to SECU by borrower. Adequate property and flood insurance required, if applicable. Consult your tax advisor regarding deductibility of interest. This promotion is for a home equity line of credit on primary residences only. 


** See your tax advisor. Interest on home equity borrowing may be tax deductible, whereas credit card interest is not.