Get the funds you need to pay for whatever life might throw your way
With a home equity loan, you can dip into your existing home equity to secure fast turn around, competitive rate financing to pay for everything from vehicle purchases and educational expenses to debt consolidation, home projects, and more.
Closing costs can be pricey, skip them!
Most home equity loans come with closing costs. At SFCU, you can skip additional costs with a no closing cost option available. It has never been easier to save money on your home equity loan! Terms & conditions apply.
Secure more funds for the expenses you need to cover
No matter what you need to pay for, SFCU is here for you! With a home equity loan, you may be able to secure up to 90% combined loan to value on your primary residence. You could qualify for a larger loan than you would at many other financial institutions.
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1
Complete an application
It takes only minutes to fill out the online application.
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2
Get an appraisal
We'll help you set up a home appraisal, if necessary.
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3
Use the funds
Once approved, use the funds to pay for expenses.
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- ARM products are based on a 30 year amortization
- 1st Mortgage, Owner occupied
- 80% of Purchase Price or Appraised Value whichever is less
- Greater than 80% LTV requires PMI Insurance
- Vacation Homes/2nd homes are .25% higher and require 20% down payment
- Manufactured Loans minimum down payment 20%, New Home only for ARM’s; new and used available for fixed rates
- Escrow may be required
- One to four family primary residence; no commercial property
- Adjustable Rate Mortgage rate and payment changes:
The rate indicated for adjustable rate mortgages is the initial rate and is subject to increase.
For example; the 5/1 Year ARM will have a constant interest rate for the first five years. Adjustable rates may change annually based on an “Index”.
Before each Change Date, we will calculate the new interest rate by adding the “Margin” to the “Current Index”. The result will then be rounded to the nearest one-eighth of one percentage point (0.125%) which will be the new rate.
The rate may not adjust more than the “Max Rate change per Period” indicated above on each “Change Date”. The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the “Life time Change” of the loan.
NMLS# 609016
Have a question? Get in touch with us
It's easy to get financing from your home's equity
Keep rates low by securing your loan funds against the equity in your house. With flexible terms and high combined loan to value percentages, it has never been easier (or more budget-friendly) to get the funding you need.
Home Equity Loan Rates
| Type of Loan | Term (Approx.) | APR | Example Monthly Payment |
|---|---|---|---|
|
Fixed Home Equity LTV 80% or less |
60 months |
7.250% |
$995.97 |
|
120 months |
7.750% |
$600.05 |
|
|
180 months |
8.250% |
$485.07 |
as of 2/7/23
- 90% of appraisal minus balance owing on the 1st lien
- Loans with LTV 81% to 90% at .50% higher
- Member Rewards apply to Fixed Home Equity only.
- When doing an"SFCU pays closing cost" loan, the rates above increase by .50%
- Manufactured Home Loans 80% LTV or under
- - 10-year term- older than 20 years
- - 15-year term- up to 20 years
Monthly Payment Examples assume a loan amount of $50,000. Taxes and insurance premiums are not calculated into the example which could result in a higher monthly payment.
NMLS# 609016
Features
Loan may be tax deductible
Home equity loans may be removed from your taxable income, potentially lowering your taxes. Consult with your tax advisor.
No closing cost option
Save more money on your home equity loan with no closing cost options available. Terms and conditions apply.
Fixed monthly payments
Know exactly what your payment will look like with fixed monthly payments that won’t change over the life of your loan.
Receive funds in lump sum
Get all your funds up front to make it easy to pay for expenses.
Low minimum loan amount
Use only the home equity you need with a low minimum loan amount of only $10,000.
Loan amounts up to $500,000
Get higher-than-usual loan amounts for more financing at your disposal with home equity loans up to $500,000.
Low interest rates
Rates on home equity loans are typically lower than other personal loans, saving you money over the course of the loan.
Flexible terms
Choose the right term that works for you with terms available from 5, 10, and 15 years.
Up to 90% LTV
Get more funding from your home equity loan with up to 90% loan to value on your primary residence.
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Rates effective as of: April 3, 2025
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