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Home Equity Line of Credit

Best credit union... best rates! We're offering a great rate for members who have maintained a great credit score.

Convenience Meets Flexibility

If you need an ongoing source of available cash, check out a SEFCU Home Equity Line of Credit (HELOC). It's flexible enough to meet nearly every need:

  • Borrow up to 80% of the equity in your home (the appraised value multiplied by 80%, less the remaining balance on your first mortgage)
  • Access your credit line with an account transfer, write a home equity check, or simply use your SEFCU Visa® Equity Access Card
  • Draw on your line anytime within 10 years of origination
  • Take up to 25 years to repay
  • Make your payments bi-weekly or monthly

At SEFCU you can draw on your home’s equity at a competitive variable rate for any purchase. We pay closing costs except NYS mortgage tax and title insurance when required*.

There's no minimum transaction amount with a SEFCU Home Equity Line of Credit, and you'll enjoy a generous daily purchase limit of $5,000.

For home equity line of credit rate disclosures, click here.

HELOC Access Card

Want an easier way to access your Home Equity Line of Credit? Get our free SEFCU Home Equity Visa® Access Card and use your credit line anywhere Visa is accepted - without writing a single check - to pay for a pack of gum or down payment on a new car.

Apply for Your Home Equity Line of Credit with Free Access Card Today.

Annual Percentage Rate. Rates for a Home Equity Line of Credit are as low as 2.50% APR for the first 24 months and Prime plus 0% thereafter. The rate using the current index plus margin would be 4% which is the lowest rate allowed. This rate applies to loans up to an 80% Combined Loan-to-Value with a 25 year repayment term. APR is variable based on the Prime rate published in the Wall Street Journal. Prime rate as of February 2014 is 3.25%. Interest and payments adjust annually with a 2% annual cap and a 14.9% lifetime cap. 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 line is paid and closed within three years of loan closing. Closing costs are estimated at $200-$600. Rates are as of 4/24/2014 and are subject to change at any time. For members whose owner occupied primary residence home is located in New York State or Pennsylvania counties of Susquehanna, Bradford or Wyoming. Published rates are for new SEFCU loans.