Home Equity Rates
Rate Table: Home Equity Loans
Home Equity Lines of Credit
| Owner Occupied $25,000 to $500,000 |
Non-Owner Occupied $25,000 to $500,000 |
|---|---|
| 4.00% - 8.25% APR | 5.00% - 6.25% APR |
| 10-Year Draw | 10-Year Draw |
| Up to 80 % LTV on $250,000 - $500,000 | Up to 70% LTV |
Adjustable rate.
Home Equity Loans
| Owner Occupied $25,000 to $500,000 |
Non-Owner Occupied $25,000 to $500,000 |
|---|---|
| 5.50% - 7.50% APR • 5-Year Term | 6.50% - 7.50% APR • 5-Year Term |
| 6.00% - 8.00% APR • 10-Year Term | 7.00% - 8.00% APR • 10-Year Term |
| 6.50% - 8.50% APR • 15-Year Term | 7.50% - 8.50% APR • 15-Year Term |
| 7.00% - 9.00% APR • 20-Year Term | |
| Up to 80 % LTV on $250,001 & over | Up to 70% LTV |
Fixed rate.
Rates shown effective as of November 1, 2021
Home Equity Line of Credit rate is based on Prime Rate of 3.25% as of 9.16.2020 plus a margin range from 0.00% to 5.00%, subject to individual credit qualifications. Prime Rate plus applicable margin and applicable loan-to-value equals rate. Floor rates range from 4% to 8%. Rate changes occur semi-annually, January 1 and July 1. Annual cap is 2%, and lifetime cap is 6%, above the fully indexed rate at the time of origination. Home Equity Loan rate is based on a fixed 5-year repayment term. Rate is subject to individual credit qualifications and repayment term. Minimum loan amount is $25,000. Sample payment based on a $25,000 loan for 5 years at 5.50% APR would be $477.52. Jumbo Equity Loans above $500,000 and extended terms available at higher rates. Processing fees can range from $487 to $1,337 for California and $312 to $1,192 for Nevada, paid by the borrower. Additional fees may apply subject to type and evaluation of property, ownership and lien status. All loans are subject to Credit Union policies and procedures. SCE FCU NMLS# 456631