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Home Equity Options

Are you looking for a different loan option? SCCU offers two different home equity options to help you affordably achieve your goals.

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Monthly Payment

Loan Amount
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Rate
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Term Months

A credit union with a focus on you

Why choose us?

When you join SCCU, it's the start of something new. You can trust our ability to provide quality financial products and services that are proven with our 90-year legacy. With us, you are not just another number, you are an individual.

How to get started

If you want to borrow from your home equity, you need to follow these steps.

  • 1

    Complete an application

    Apply for home equity options online or in-person at one of our branch locations.

  • 2

    Complete a home appraisal

    If necessary for your specific application, have your home appraised to determine its value.

  • 3

    Get approved and use funds

    Once approved, you can start using your line of credit to pay for a variety of expenses.

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Disclosures

*All loans are subject to approval. Membership eligibility required.

Rates and terms subject to change at any time and without notice.  Additional loan programs may be available. Homeowner’s insurance required. Early termination fee applies.

Home equity lines of credit are variable-rate loans. Rates are as low as 4.25% APR (Annual Percentage Rate) with a maximum of 18.00% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. For loan amounts up to $250,000, closing costs that members must pay typically range between $284 and $1996. Rates are subject to change – information provided does not constitute a loan commitment.

*All loans are subject to approval. Membership eligibility required. Rates and terms subject to change at any time and without notice.  Additional loan programs may be available. Homeowner’s insurance required. Early termination fee applies. Home equity loans are fixed-rate loans. Rates are as low as 3.99% APR (Annual Percentage Rate) with a maximum of 18.00% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. For loan amounts up to $250,000, closing costs that members must pay typically range between $284 and $1996. Rates are subject to change – information provided does not constitute a loan commitment. Taxes and insurance premiums are not included in the payment and that the actual payment obligation may be greater.

Payment Example: For a $160,000 loan for a term of 30 years with a 6.375% Annual Percentage Rate (APR), the monthly payment would be $1,365.