Home Equity Fixed Rate Loans

TermAPR* as low as
5 years2.35%
10 years3.24%
15 years3.45%

Annual Percentage Rate. 3.24% fixed APR for 10 years for credit qualified loans closing in first lien position. This rate applies to loans 61% - 80% Combined Loan-to Value (CLTV). Rates also available for lower CLTVs and terms. Loan payment example: a $50,000 loan at 3.24% APR for 10 years would be $488.36. All loans subject to creditworthiness. New York State Mortgage Tax is paid by the borrower from the loan proceeds. 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 loan is paid and closed within three years of loan closing. Closing costs are estimated at $200 - $600. Rate as of 4/16/2014 and subject to change at any time. For members whose owner occupied residence is located in New York State or the Pennsylvania counties of Susquehanna, Bradford, or Wyoming.

Home Equity Fixed Rate Vacation Home Loans

TermAPR* as low as
5 year4.50%
10 year5.24%
15 year5.75%

Annual Percentage Rate. 4.50% fixed APR for terms up to 5 years. This rate applies to loans up to a 70% Combined Loan-to-Value (CLTV). Maximum CLTV on Vacation Home loans may not exceed 70% CLTV. Other rates are available for 10 and 15 year terms. Loan payment example: a $50,000 loan at 4.50% for 5 years would be $932.14. Vacation homes must be in a location to function reasonably as a vacation home, be suitable for year round residency and be available for the Borrower’s exclusive use (no time shares or rental properties). 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 loan is paid and closed within three years of loan closing. Closing costs are estimated at $200-$600. Rates are as of 4/16/2014 and are subject to change at any time. For members whose owner occupied vacation home is located in New York State or Pennsylvania counties of Susquehanna, Bradford or Wyoming.

Home Equity Lines of Credit

TermIntroductory APR* (as low as)Standard APR** (as low as)
25 year2.50% for first 24 monthsPrime plus 0% after first 24 months - As of 4/16/2014, that equates to 4%

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 4/16/2014 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.

Rate floor is 4.00% (Except for intro rate on some lines.). The minimum loan amount is $5,000.