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Home Equity Rates

Home Equity Rates

Combined Loan-to-Value (CLTV) 80% or Lower

Table data for Introductory Rate Home Equity Line of Credit (HELOC)
December 19, 2024
Details	Rate¹	Term	Alert Me
Introductory Rate	5.99% APR	Max Term - Revolving

	is for the first twelve months

Standard HELOC (Principal and Interest Payments)	Prime - .50% for the life of the loan. Minimum APR is 3.50%	Max Term - Revolving

Premium HELOC (Interest Only Payment)	Prime - .50% for the life of the loan, Minimum APR is 3.50%	Max Term - Revolving

¹HELOC Introductory Rate Disclosure APR=Annual Percentage Rate. Introductory 5.99% APR is fixed for the first twelve months. After the first 12 months, the rate on the outstanding balance will revert to a Variable APR at .50% below the prime rate as published in The Wall Street Journal on the last business day of each month. Variable APR equal to The Wall Street Journal Prime Rate (currently 7.50% as of December 19, 2024) minus .50% for the life of the loan thereafter, with a minimum APR of 3.50% and a maximum APR of 18.00%. The current Variable rate is 7.00% APR. This rate is set on the last business day of each month and subject to change. The amount of payments may change in the event that the Prime rate changes. Borrowers who maintain their first mortgage with SCU Credit Union may be eligible for a floor rate of 3.00% APR. Owner occupied properties only in MA or RI. Maximum LTV requirements apply. Up to 80% of the assessed value or up to 80% of the appraised value less the remaining balance on your first mortgage on 1–4 family owner occupied residences. Minimum credit line is $10,000.00. Maximum credit line is $750,000.00. There is a Minimum initial Draw requirement of $10,000 disbursed at closing. Interest begins accruing upon loan disbursal. 10-year draw period followed by a 10-year repayment period. Homeowner’s property insurance is required. Flood insurance may be required. Closing costs do not include any taxes (if necessary). No points or closing costs are associated with this loan. Applicable Trust and Power of Attorney review and recording fees apply. If the line of credit is paid off within 36 months, the borrower will be responsible for waived closing fees. These costs generally range from $300–$600. Consult your tax professional regarding deductibility of interest. A $5 primary share account is required for membership for each borrower. Membership eligibility required. Subject to creditworthiness. All loans are subject to credit approval. Other restrictions may apply. For more information please contact our Mortgage Consultants or call the contact center at 781-784-7725 or toll free at 877-661-3300 Disclosure - Important Terms of Our Home Equity Lines of Credit Introductory Special Additional Information - What You Should Know About Home Equity Lines of Credit ↵

Table data for Home Equity Line of Credit (HELOC)
December 19, 2024
Details	Rate¹	Term	Alert Me
Standard HELOC (Principal and Interest Payments)	Prime - .50% for the life of the loan. Minimum APR is 3.50%	Max Term - Revolving	Receive a notification when this rate changes

HELOC (Interest Only Payment)	Prime - .50% for the life of the loan. Minimum APR is 3.50%	Max Term - Revolving	Receive a notification when this rate changes

¹APR=Annual Percentage Rate. Variable APR equal to The Wall Street Journal Prime Rate (currently 7.50% as of December 19, 2024) minus .50% for the life of the loan thereafter, with a minimum APR of 3.50% and a maximum APR of 18.00%. The current Variable rate is 7.00% APR. This rate is set monthly and subject to change. The amount of payments may change in the event that the Prime rate changes. Borrowers who maintain their first mortgage with SCU Credit Union may be eligible for a floor rate of 3.00% APR. Owner occupied properties only in MA or RI. Maximum LTV requirements apply. Up to 80% of the assessed value or up to 80% of the appraised value less the remaining balance on your first mortgage on 1–4 family owner occupied residences. Minimum credit line is $10,000.00. Credit lines available up to $750,000.00. Interest begins accruing upon loan disbursal. 10-year draw period followed by a 10-year repayment period. Property insurance and flood insurance, if applicable, are required. Closing costs do not include any taxes (if necessary). No points or closing attorney fees are associated with this loan. Applicable Trust and Power of Attorney review and recording fees apply. If the line of credit is paid off within 36 months, the borrower will be responsible for waived closing fees. These costs generally range from $300–$600. Consult your tax professional regarding deductibility of interest. A $5 primary share account is required for membership for each borrower. Membership eligibility required. Subject to creditworthiness. All loans are subject to credit approval. Other restrictions may apply. For more information please contact our Mortgage Consultants or call the contact center at 781-784-7725 or toll free at 877-661-3300 Disclosure - Important Terms of Our Home Equity Lines of Credit Additional Information - What You Should Know About Home Equity Lines of Credit ↵

Table data for Home Equity Loan Rates
Effective Date: August 7, 2025
Term	APR¹	Monthly Payment per $1,000	Alert Me
1-5 Years	6.000%	$19.33	Receive a notification when this rate changes

6-10 Years	6.250%	$11.23	Receive a notification when this rate changes

11-15 Year	6.750%	$8.85	Receive a notification when this rate changes

16-20 Years	7.250%	$7.90	Receive a notification when this rate changes

21-25 Years	7.750%	$7.55	Receive a notification when this rate changes

¹APR=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. If an equity loan is secured by a first lien on the property, the payments shown do not include amounts for taxes and insurance premiums and, if applicable, the actual payment obligation will be greater. 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.↵

Table data for Home Improvement Loan
Effective Date: 09-09-2025
Term	APR¹	Maximum	Monthly Payment per $1,000	Alert Me
1-5 Years	6.250%	$100,000	$19.45

6-10 Years	6.500%	$100,000	$11.35

11-15 Years	7.250%	$100,000	$9.13

16-20 Years	8.000%	$100,000	$8.36

¹APR = 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. Applicable Trust review and recording fees apply. Other restrictions may apply.↵

Rates

Rates