1.95% APR* Home Equity Line-of-Credit (HELOC) 12-month introductory rate
Dream vacations, new car, tuition, etc. Whatever you're in the market for' "it's on the house"

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.

Apply Today!

NO FEE Home Equity Loans. Rates as low as 2.49% Annual Percentage Rate!

Our NO FEE Home Equity offer is for new money and requires a minimum of $25,000. The no fee offer applies to a new home equity loan or re-finance. Existing Sb1 loans need to borrow an additional $25,000.00 for the no fee offer. HE loans $24,999 and under will be charged a maximum of $499. Certain states such as NY and Florida incur a tangible tax that will be paid by the borrower and is not included in the $499.

With a NO FEE Sb1 FCU Home Equity Loan or an Sb1 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 85% 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 85% Loan to Value of home's value.

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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 85% 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 80% 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.

1.95% APR* Home Equity Line-of-Credit (HELOC) 12-month introductory rate
Dream vacations, new car, tuition, etc. Whatever you're in the market for' "it's on the house"