We’ll pay your closing costs.
For a limited time, SCU will pay all normal closing costs on new Home Equity Lines of Credit. (No more than once every 24 months.)
3.50% APR is an introductory rate for one year and then will revert to the regular variable rate (maximum 18.00% APR), which is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 10/31/19, the Prime Rate was 4.75%. Accordingly, if the special rate did not apply, the current APR for a Home Equity Line of Credit would be 5.75% APR. Rates adjust quarterly if there is a change in the Prime Rate. For a printable version of our Loan Rates, click here (80KB PDF).
Flood/property/hazard insurance may be required.