Tap into your home's equity with a HELOC.
A Home Equity Line of Credit (HELOC) is a great way to utilize the equity in your home to consolidate bills or handle big expenses like home improvements or college tuition.
- No closing costs**
- Flexible options to lock-in low rates
- No application fee
- No points
- No annual fee
- Easy access to funds
For a limited time, we're offering an introductory 1.74% variable interest rate* for twelve months, and as low as 4.75% variable thereafter.
Use our HELOC calculator to determine how large a line you can get.
Ready to apply? Our online application takes about 10 minutes to complete.
* Introductory rate is a variable rate of Prime minus 3.51% for 12 months, subject to a minimum of 0.99%. 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 September 30, 2019 with a minimum initial draw of $20,000 and a maximum 90% combined Loan-to-Value (CLTV). 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.
** 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.