We’ll pay your closing costs.
For a limited time, SCU will pay all normal closing costs on new traditional home equity lines of credit. (No more than once every 24 months.)
2.9% APR for the first year, then APR adjusts to the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR with a maximum rate of 18.00% APR. As of 9/26/2018, the Prime Rate was 5.25%. Accordingly, the APR for a Home Equity Line of Credit will go to 6.25% APR after the first year. Rates adjust quarterly if there is a change in the Prime Rate. For a printable version of our Loan Rates, click here (49KB PDF).
Flood/property/hazard insurance may be required.