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 2.990% 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 70% Combined Loan-to-Value (CLTV). Other rates are
available for up to 80% CLTV and for loans closing in first or second lien
position. Other rates are available for 10 and 15 year terms. Loan payment
example: a $50,000 loan at 2.990 % for 5 years would be $898.21. 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. Closing costs are
estimated at $200-$600. Rates in effect as of 3/27/2017 and are subject to
change at any time. For members
whose owner occupied primary residence or vacation home is located in New York State or
Pennsylvania counties of Susquehanna, Bradford or Wyoming. Published rates are
for new SEFCU loans.