Home Equity

Home Equity Loans & Home Equity Lines-of-Credit

If you are a homeowner, a Home Equity Loan or Line-of-Credit could be your best borrowing bargain! Also called a second mortgage, a Home Equity Loan pledges your house as collateral.

With an Sb1 FCU Home Equity Loan or Line-of-Credit you can:

  • Remodel your home
  • Consolidate higher interest debts
  • Purchase a new vehicle
  • Finance an education
  • Pay for wedding expenses

And best of all, your interest may be tax deductible. Check with your tax advisor for details.

 

Home Equity Options

View our full range of Home Equity products:

Sb1 Fixed Rate Home Equity Loans 

  • Fixed rate loans available up to $417,000 for 80% Loan-to-Value
  • Interest may be 100% tax deductible (Consult your tax advisor)

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Sb1 Home Equity Lines of Credit

  • Available up to 80% Loan to Value of home's value to a max of $417,000.00

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Sb1 5/1 Home Equity Adjustable Rate Mortgage

  • A low starting rate that will be guaranteed for 5 years
  • Available up to $417,000 for 80% Loan-to-Value
  • Maximum rate increase/decrease of 1% thereafter (rate based on 1 year Constant Maturity Treasury + 2.75%)
  • Interest may be 100% tax deductible (Consult your tax advisor)

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Land Loans 

Available up to 75% Loan-to-Value.

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Swing Bridge Loans

Available up to 90% Loan-to-Value to help get you from house to house.

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Have questions?

Contact one of our Home Loan Originators via email at lndng@sb1fcu.org.