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Home Equity Loan
Your home can help you get money to make major purchases, complete big projects or carry out ambitious plans.
Money for almost any purpose
Competitive rates
Convenient repayment terms
What's equity again?
To figure your home's equity, take the current market value and subtract the amount left on your mortgage. The higher that dollar figure, the more you can borrow.
Add rooms to your house. Or add excitement to your life.
A Home Equity Loan from Securityplus Federal Credit Union can provide you with thousands of dollars to get big things done. This affordable financing is often used by our members for home improvements - upgraded kitchens, additional bedrooms, or new pools and patios. But it can also be used for almost anything else you can imagine, from family vacations to college education to wedding celebrations.
- Fixed-rate loans mean stable monthly payments
- Convenient repayment terms
- Competitive rates
- No points or application fees charged
- Borrow as much as $200,000 or up to 85% of the appraised value of your home after deducting the balance of any existing liens
- Annual interest charges on home equity loans may be tax-deductible
Closing cost options
Securityplus pays all closing costs.
Minimum loan amount is $25,000.
Borrower pays all closing costs.
May receive a better loan rate. Minimum loan amount is $10,000.
