Home Equity Line of Credit

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.)

APR

3.50% APR is for one year and applies to loans with closing dates on or after 1/1/2019.  Home Equities closing before 1/1/2019 will have a 2.90% APR for the first year.  The traditional Home Equity Line of Credit has a variable rate (maximum 18.00% APR) which is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR.  As of 9/26/2018, the Prime Rate was 5.25%.  Accordingly, the APR for a Home Equity Line of Credit will go to 6.25% APR after the first year. Rates adjust quarterly if there is a change in the Prime Rate.  For a printable version of our Loan Rates, click here (50KB PDF).

Flood/property/hazard insurance may be required.

Why a home equity line?

The Funding You Need

Borrow up to 85% of your home's value, minus existing mortgage(s).

Checks

Write a home equity check for $100 or more.

No Extra Charges

No prepayment penalties; no annual fee.

Easy Application Process

SCU makes the application process stress-free.  

Get a Home Equity Line of Credit

Apply online 

Or call us at 800-868-8740