Home Equity Line of Credit
Ready for a bathroom upgrade or maybe even a bathroom of your own. Is the family growing and you need more space. You can use the equity in your home to make your home improvement wish list a reality.
HELOCS are also a savvy way to manage big expenses like college tuition or make an investment in your future.
A SCU HELOC is a good option when renovations, bills or your future is calling
Home Equity Line of Credit
Highlights
- No Annual Fees
- No Pre-Payment Penalties
- No Closing Costs
- 10 year draw period and 10 year repayment period
- Borrow up to 80% of the equity in your home
- Line amounts from $10,000.00 - $750,000.00
- Variable interest rate at Prime minus .50% with a floor rate of 3.50%
Take advantage of our low introductory rate of 5.99% APR* for the first 12 months then Prime Rate minus 0.50% APR after the intro period
rates calculate your payments Apply for a heloc
HELOC options
low introductory rate of 5.99% APR*
Our low intro rate let's you save money and get right to work
- After the first 12 months, the rate is Prime Rate minus 0.50% APR
- Get started with minimum amount of $10,000 at closing
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Interest only payments or principal plus interest payments options
Premium HELOC
Not ready to use the money just yet. Our Premium HELOC offers
- interest only payments up to 10 years
- variable interest rate at Prime minus .50%
Standard HELOC
Our Standard HELOC starts payment on your principal day one.
- interest and principal payments for up to 10 years
- Variable interest rate at Prime minus .50%