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A Home Equity Loan could finance a large expense or ongoing project. Choose from our fixed and variable Home Equity lending solutions.

Home Equity Line of Credit

A home equity line of credit allows you to borrow money against your home and withdraw the funds when you need them.

  • Convenient, flexible and low cost
  • Competitive rates with repayment terms up to 180 months
  • Access your funds using a convenience check, by requesting a deposit to your share or checking account, or by taking an advance at any branch
  • No points or application fees charged
  • Available for up to 100% of the appraised value of your home after deducting the balance of any existing liens
  • The Credit Union will pay closing costs when an advance or balance transfer of $10,000 or more is taken at settlement

Home Equity Line of Credit Rates
Effective Jun 25, 2022
LTV Term APR* as low as Introductory Offer
Up to 80% Up to 15 yr 4.00% Fixed 12-month 1.99% APR*
81% to 90% Up to 15 yr 5.00% Fixed 12-month 1.99% APR*
91% to 100% Up to 15 yr 7.00% Fixed 12-month 1.99% APR*
LTV=Loan-to-Value ratio *APR = Annual Percentage Rate. Subject to creditworthiness. Introductory rate will be fixed for 12 months. The standard, post-introductory APR will be a variable rate tied to the Wall Street Journal Prime Rate, which may adjust monthly. The prime rate as of May 5, 2022 is 4.00%. The rate floor for all home equity lines of credit is 4.00% APR. Minimum loan amount is $10,000.

 
Closing costs paid on HELOCs when an advance or balance transfer of $10,000 or more is taken at settlement. If the loan is paid off or the account is closed within 90 days, closing costs must be paid back to Securityplus FCU.

Home Equity Loan

Home equity loans are a convenient and affordable way to pay for a variety of projects and endeavors. And since these loan rates are fixed, you can go to settlement with confidence that your re-payment terms will remain constant for the life of the loan.

  • Fixed-rate security
  • Convenient, affordable repayment terms
  • Competitive rates
  • No points or application fees charged
  • Available for up to a maximum of $200,000 or up to 85% of the appraised value of your home after deducting the balance of any existing liens
  • 2 closing cost options
    Option 1 - Credit Union pays all closing costs; minimum loan amount is $25,000
    Option 2 - Member pays all closing costs; minimum loan amount is $10,000; may receive a lower interest rate on loan

Home Equity Loan Rates
Effective Jun 25, 2022
Description Term APR* as low as No Closing Costs APR* as low as
Up to 85% LTV – $10,000 Min. 5 yr 6.00% 7.50%
Up to 85% LTV – $10,000 Min. 10 yr 7.50% 8.50%
Up to 85% LTV – $10,000 Min. 15 yr 8.00% 9.00%
LTV = Loan-to-Value ratio
Choose a lower rate and pay your own closing costs or choose a higher rate with no closing costs.
*APR=Annual Percentage Rate. Subject to creditworthiness. This is a fixed rate loan. Minimum loan amount is $10,000.

 
Keisha W.Woodlawn Branch
Employee
great employee

"I highly recommend Securityplus!"

"After a very negative experience with applying for a home equity line of credit through another bank, I contacted Securityplus. My experience with Keisha was very positive. She was very professional, knowledgeable, and responsive. I highly recommend Securityplus! Thank you again! Very satisfied.”

— Jeanie P., Securityplus Member

Find out more about Credit Union Membership
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Join Securityplus Today

Becoming a member of our Credit Union is easy! It only takes a few minutes to apply and make the $5.00 minimum deposit to open your Share Savings account. Benefit from lower lending rates, higher dividend rates, fewer or lower fees, and more!

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