Home Equity Fixed Rate Loans

TermAPR* as low as
5 years2.790%
10 years3.175%
15 years3.425%

Annual Percentage Rate 2.790% 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.  Loan payment example: a $50,000 loan at 2.790% for 5 years would be $893.80. SEFCU offers a rate reduction of 0.25% based on the published rate for Active U.S. Military and Veterans (click here for more information). All loans are subject to credit worthiness. 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 8/23/2017 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.

Home Equity Fixed Rate Vacation Home Loans

TermAPR* as low as
5 year3.749%
10 year4.125%
15 year4.375%

Annual Percentage Rate 3.749% 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. Other rates are available for 10 and 15 year terms. Loan payment example: a $50,000 loan at 3.749 % for 5 years would be $915.17. 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. Closing costs are estimated at $200-$600. Rates in effect as of 8/23/2017 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.


Variable Rate Home Equity Line of Credit

TermIntroductory APR* (as low as)Standard APR** (as low as)
25 year2.50% for first 12 monthsPrime plus 0% after first 12 months - As of 8/23/2017, that equates to 4.25%

Annual Percentage Rate. Rates for a Home Equity Line of Credit Adjustable Rates are as low as 2.50% APR for the first 12 months and Prime plus 0% thereafter. The rate using the current index plus margin would be 4.25%. This rate applies to loans up to an 80% Combined Loan-to-Value ratio with a 25 year repayment term. APR is variable based on the Prime rate published in the Wall Street Journal. Prime rate as of 6/15/2017 is 4.25%. Interest and payments adjust annually with a 2% annual cap and a 14.9% lifetime cap. A 10 year draw period is included in the 25 year repayment term. SEFCU offers a rate reduction of 0.25% based on the published rate, margin, floor and lifetime cap for Active US Military and Veterans. Click here for more information. All loans are subject to credit worthiness. 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 of credit is paid and closed within three years of loan closing. Closing costs are estimated at $200-$600. Rates in effect as of 8/23/2017 and are subject to change at any time. Product is available for members whose owner occupied primary residence or vacation home located in New York State or Pennsylvania counties of Susquehanna, Bradford, or Wyoming.

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