Home Equity Line of Credit Rates

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Get financial flexibility at a competitive rate

With Sacramento Credit Union's (SCU) Home Equity Line of Credit (HELOC) rates, you can borrow against your home's equity with a line of credit that lets you manage periodic expenses.

Rates effective as of May 23, 2019.

Owner Occupied
Combined Loan to Value 80% or Less
Minimum Line Amount $10,000
Maximum Line Amount $100,000
Draw Period for Advances 10 Years
Term 25 Years
Repayment Period 15 Year Repayment Period after 10 Year Draw Period for Advances expires
Loan Fee You may have to pay a service fee to remove any prior liens
Index1 5.50%
Margin Range 0.75% to 2.50%
APR2 Range 1.99% to 8.00%
Maximum APR* 15.00%
Minimum APR* Rate is based on credit worthiness
Non-Owner Occupied - Not Available

12*APR=Annual Percentage Rate. Approval is subject to underwriting guidelines, verifications, collateral valuation and loan-to-value. Introductory interest rate is as low as 1.99% APR and is based on credit worthiness. Not all applicants will qualify for the introductory rate. Introductory rate valid for six billing cycles. After that, the APR is variable based on the value of an index and margin. The APR will be 6.25% to 8.00% based on your credit worthiness and based on the current margin and current Prime Rate. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal. We will use the most recent index value available to us as of the day of any annual percentage rate adjustment. Rates, terms and services are subject to change without notice. Offer is valid for owner-occupied properties only. Offer does not apply to the refinance of an existing Sacramento Credit Union HELOC. Limited time offer valid March 27 to May 24, 2019. Offer, rates and terms subject to change without notice.

Rate Changes: The annual percentage rate can change on the first day of each month. There is no limit on the amount by which the annual percentage rate can change during any one-year period. The maximum APR that can apply is15.00% or the maximum permitted by law, whichever is less. Please contact the credit union for your qualifying minimum rate and margin.

Borrower Fee Reimbursement: Up to $350 fee reimbursement paid by the borrower if equity loan or line paid off or closed within the first 36 months.

Property Insurance: You must carry insurance on the property that secures this plan. If the property is located in a Special Flood Hazard Area we will require you to obtain flood insurance if it is available.

All loans are subject to appraisal, owner-occupied properties limited to one-to-four units located in the state of California. Excludes manufactured and mobile homes. Other restrictions on property may apply. Loan secured by your home other than your first mortgage must be paid at time of account funding. Rates, APR and terms and conditions subject to change without notice.

Loans in excess of 80% combined loan to value (LTV) are not available.