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Home Equity Loan

Home Equity Loans

Best credit union…best rates! We’re offering great home equity loan options for members who have maintained a great credit score.

Borrow up to 80% of Your Home’s Equity with Flexible Terms

If you need financing for a project with a fixed cost – like a new sunroom or college tuition – consider a SEFCU fixed-rate home equity loan.

You Could Be Mortgage Free in 10 years!

Thinking about refinancing your current mortgage? Consider our Home Equity Fixed Rate First Lien Position Loan. You’ll enjoy great rates and lower closing costs than conventional mortgages!

  • Borrow up to 80%* of the equity in your home (the appraised value multiplied by 80%, less the remaining balance on your mortgage).
  • Rates also available for lower combined loan-to-value and terms
  • Borrow from $5,000 to $350,000
  • Make your payments bi-weekly or monthly, using payroll deduction, Direct Deposit, or automatic transfer.

Apply for your Home Equity Loan today.

Annual Percentage Rate 3.65% fixed APR for terms up to 5 years for credit qualified loans closing in first lien position. This rate applies to loans up to a 50% Combined Loan-to-Value (CLTV). Other rates are available for up to 80% CLTV and for loans closing in first or second lien position. Loan payment example: a $50,000 loan at 3.65 % for 5 years would be $912.98. SEFCU offers a rate reduction of 0.25% based on the published rate for Active US Military and Veterans. (See Paying It Back for more information). Product is available for members whose owner occupied primary residence is located in New York State or Pennsylvania counties of Susquehanna, Bradford or Wyoming.
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 and $600, but depending on location and other factors it could be higher or lower. Rates in effect as of 12/10/2018 and are subject to change at any time.