South Carolina State Credit Union

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Home Equity Line of Credit

We'll pay your closing costs.

For a limited time, SCU will pay all normal closing costs on new Home Equity Lines of Credit. (No more than once every 24 months.)

APR

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 3/15/17, the Prime Rate was 4.00% APR.  Accordingly, the APR for a Home Equity Line of Credit will go to 5.00% APR after the first year. Rates adjust quarterly if there is a change in the Prime Rate.

Consult with your tax advisor about tax deductibility.  Flood/property/hazard insurance may be required.

Why a home equity line?

The Funding You Need

Borrow up to 85% of your home's value, minus existing mortgage(s).

Checks

Write a home equity check for $100 or more.

No Extra Charges

No prepayment penalties; no annual fee.

Tax Deductions

The interest you pay may be tax deductible - ask your tax professional.

Three ways to apply.


Call us.

800-868-8740

Send an email.
info@scscu.com

Include your name and contact information only. Do not include any confidential information.

Stop by one of our branches and speak to a loan officer.