Home Equity Line of Credit

More affordable through SCU.

No closing costs

For a limited time, SCU will pay all normal closing costs on new Home Equity Lines of Credit. On refinances of existing State Credit Union Home Equity Lines of Credit, the credit limit would need to be increased by at least $10,000 to avoid closing costs.


Enjoy an introductory rate of 4.50% APR. After one year, rate will revert to the regular variable rate (maximum 18.00% APR).

About the Variable Rate
The regular variable rate is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 2/1/2023, the Prime Rate was 7.75%, therefore the regular variable rate would be 8.75% APR. Rates adjust quarterly if there is a change in the Prime Rate.

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).


Write a home equity check for $100 or more.

No Extra Charges

No prepayment penalties; no annual fee.

Easy Application

We make the process stress-free.

Get a Home Equity Line of Credit

Apply Online

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