Home Equity Rates
Home Equity Line of Credit
Annual Percentage Rate (APR)*
Effective January 1, 2023 the Prime Interest Rate is 7.50%
| Standard (Principal and Interest Payments | Prime - .50% of the life of the loan. Minimum APR is 3.50% | Max Term - Revolving |
| Premium (Interest Only Payment) | Prime - .50% of the life of the loan. Minimum APR is 3.50% | Max Term - Revolving |
*APR – Annual Percentage Rate. Rates subject to change at any time. Variable APR at .50% below the prime rate as published in the Wall Street Journal on the last business day of each month. Effective January 1, 2023, the Prime Interest Rate is 7.50%. Minimum APR is 3.50%. Maximum APR of 18%. Available on 1-4 family owner occupied residences. Maximum LTV requirements apply. Property insurance is required. Appraisal fee and/or flood insurance may be required. No points or attorney fees are associated with this loan. Applicable Trust and Power of Attorney review and recording fees apply. Other restrictions may apply. If the line of credit is paid off within 36 months, the borrower will be responsible for waived closing fees. Minimum line amount of $10,000 up to $500,000. A $5 primary share account is required for membership for all borrowers.
1 Borrowers who maintain their first mortgage with SCU Credit Union may be eligible for a floor rate of 3.00%
*APR – Annual Percentage Rate. Rates subject to change at any time. Your Annual Percentage Rate, Term and Approved Loan Amount may vary based on your credit worthiness. Please ask a loan representative for details regarding how your rate is determined. Maximum LTV requirements apply. Property insurance is required. Appraisal fee and/or flood insurance coverage may be required. No points or attorney fees are associated with this loan. Applicable Trust review and recording fees apply. Other restrictions may apply. Maximum LTV requirements apply. Property insurance is required. Appraisal fee and/or flood insurance coverage may be required. No points or attorney fees are associated with this loan. Applicable Trust review and recording fees apply. Other restrictions may apply.