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Home Equity

Happy asian family moving furniture after remodeling
Tap into your home’s potential

Put the SCU Credit Union difference to work when you are looking to turn your Home Equity into cash with a HELOC or Home Equity Loan. Our difference is, unlike banks, we’re member- owned and focused on your financial well-being, offering better rates, lower fees, and personalized service.

How can I use the equity in my home?

How can I use the equity in my home?

Home Equity Line of Credit

HELOCs are perfect for ongoing expenses and projects with potentially unexpected costs

  • Paying for college tuition or medical expenses
  • Home improvement or remodeling projects

Home Equity Loan

Home Equity Loans make sense when you need a specific amount or can make a single payment

  • To get started on a renovation
  • Help pay for a wedding or large medical bill
  • Consolidate bills and reduce the interest

Home Improvement Loan

A good alternative when you haven't gained a lot of equity

  • Fixed payments and interest rate
  • More economical than using a credit card
  • Terms up to 20 years available

Home Equity Line of Credit

Highlights

  • No Annual Fees
  • No Pre-Payment Penalties
  • 10 year draw period and 10 year repayment period

  • Borrow up to 80% of the equity in your home
  • Line amounts from $10,000.00 - $750,000.00
  • Variable interest rate at Prime minus .50% with a floor rate of 3.50%

Take advantage of our low introductory rate of 5.99% APR1 for the first 12 months then Prime Rate minus 0.50% APR after the intro period. 

more heloc information rates calculate your payments Apply for a heloc

    Home Equity Loan

    Highlights

    • Fixed rate monthly payment
    • No closing costs
    • No pre-payment penalty
    • Lower Interest Rates
    • Multi-purpose
    • Repayment terms up to 25 years

    More home equity loan information home equity loan rates Calculate your payments Apply for a home equity loan

    Home Improvement Loan

    Highlights

    • Minimum loan of $3,000 and a maximum of $100,000
    • Repayment terms up to 20 years
    • Fixed interest with predictable monthly costs
    • Borrow up to 95% of your homes appraised value, minus any existing mortgage balance

    Home Improvement Loan provide a lower interest rate than credit cards

    • Estimates for the work are required
    • An appraisal maybe also be needed

    More home improvement loan Information rates  Calculate your payments Apply for a home improvement loan