Home Equity Line of Credit


A Home Equity Line of Credit (HELOC) is a great way to tap into your home's equity to consolidate bills or handle big expenses like home improvements or college tuition.

It allows you to lock a portion of your available line into a fixed-rate sub account. You can lock in up to three fixed-rate advances. So you use the money as you need it—use it now or save it for an expense down the road.

With a HELOC from SECU, you get:

  • No closing cost*
  • No application fee
  • No points
  • No annual fee
  • Easy access to funds
  • Tax deductible interest**

You can check current HELOC rates here and use our Home Equity calculator to determine how large a line you can get.

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* 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.

**Consult your tax adviser on interest deductions.