Home Equity Fixed Rate Vacation Home Loans

TermAPR* as low as   
5 year4.025%
10 year4.275%
15 year4.525%

Annual Percentage Rate 4.025% fixed APR for terms up to 5 years for credit qualified loans. This rate applies to loans up to a 50% Combined Loan-to-Value (CLTV). Maximum CLTV on Vacation Home loans may not exceed 70% CLTV. Other rates are available up to 60% and 70% CLTV.  Loan payment example: a $50,000 loan at 4.025% for 5 years would be $921.26. Vacation homes must be in a location to function reasonably as a vacation home, be suitable for year round occupancy and be available for the Borrower’s exclusive use (no time shares or rental properties). SEFCU offers a rate reduction of 0.25% based on the published rate for Active US Military and Veterans (click here for more information). All loans are subject to creditworthiness. New York State Mortgage Tax is required and paid by the borrower. Title insurance may be required. The remaining closing costs paid by SEFCU on behalf of the borrower will be charged back and added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $200 - $600, but depending on location and other factors it could be higher or lower. Rates in effect as of 6/21/2018 and are subject to change at any time. Product is available for members whose vacation home is located in New York State or Pennsylvania counties of Susquehanna, Bradford or Wyoming. Published rates are for new SEFCU loans.