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.)
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 12/19/2018, the Prime Rate was 5.50%. Accordingly, if the special rate did not apply, the current APR for a Home Equity Line of Credit would be 6.50% 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.
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 Process
SCU makes the application process stress-free.