Access the Equity in Your Home
The money to make things happen is right at home. It's your equity and you can access it with a Home Equity Line of Credit, paying interest only on what you use.
- Pay for the perfect wedding
- Open a new business
- Add a home theater
- Remodel the kitchen
- Add a new room
- Customize your closet
Our Home Equity Line of Credit features
- Variable rates starting as low as 5.50% APR1
- Borrow as much as $500,000, up to 80% Loan to Value
- Owner & non-owner occupied
$250 fee waiver through August 31, 2019.2
1APR = Annual Percentage Rate. Actual rate will be Prime Rate (5.50% APR as of 5.17.19) plus a margin that ranges from 0% to 5%. Prime Rate plus applicable margin and loan to value equals the rate. Floor rates range from 4% to 8% . Lifetime cap is 6% above the fully indexed rate. Rate changes occur semiannually, January 1 and July 1, with an annual cap of 2%. Property must be in California or Nevada only. Subject to Credit Union policies and procedures. Standard processing fees can range from $250 to $2,100 based on transaction type and amount. Processing fees are paid by the borrower. Subordination
fee is $200. Demand fee is $35. Annual fee of $50 will apply after the first year if balance is less than $10,000. Minimum payment on Home Equity Line of Credit is 1% of the balance on loans at 11% or less or 1.25% of balance on rates above 11% to 15%. Consult with a tax advisor for information on possible tax advantages. 2Promotional period: 6.1.19 through 8.31.19, subject to change, valid on new Home Equity Lines of Credit at SCE Federal Credit Union. Processing fees of up to $250 will be waived with an opening advance of $25,000; advance must be taken at time of funding; application must be received during the promotional period and funded by 9.13.19. Equal Housing Lender.