Home Equity

home equity rates

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 some of the best rates in Maryland.

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Home Loan Assistance

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

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Get all the answers to your frequently asked questions about SECU's Mortgage and Home Equity products.

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APR = Annual Percentage Rate. The annual percentage 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.


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