Security Service Federal Credit Union (SSFCU) offers a Home Equity Line of Credit (HELOC) to help you access your home’s equity for various financial needs. Whether it’s home improvements, debt consolidation, or unexpected expenses, a HELOC from Security Service Fcu provides a flexible borrowing solution.
A HELOC allows you to borrow against the equity you’ve built in your home. It works like a credit card, with a set credit limit you can draw from as needed. Security Service FCU offers competitive rates and terms, making it a convenient and cost-effective way to access funds.
Benefits of a Security Service FCU HELOC
Security Service FCU provides several advantages with their HELOC product:
- Special Introductory Rate: Enjoy a low, fixed interest rate for the first 12 months, making borrowing more affordable initially. This allows you to save money on interest payments during the introductory period.
- Closing Cost Savings: Security Service FCU may cover up to $5,000 in closing costs, reducing the upfront expenses associated with obtaining a HELOC. This significant savings can make a HELOC more accessible.
- 15-Year Draw Period: You have access to funds for 15 years, providing flexibility for long-term financial planning. This extended draw period allows you to borrow and repay funds multiple times as needed.
Security Service FCU HELOC Rates and Terms
| Product | APR† | Apply |
|---|---|---|
| Home Equity LOC | 6.990% | Apply Now |
| Home Equity LOC Interest Only | 6.990% | Apply Now |
Important Considerations:
- Membership Eligibility: A Security Service FCU membership is required to qualify for a HELOC.
- Credit Approval: Loan approval is subject to creditworthiness and meeting specific underwriting guidelines.
- Geographic Restrictions: Financing is available for properties located in Texas, Colorado, and Utah.
- Loan-to-Value Limits: Maximum combined loan-to-value (CLTV) ratios apply, varying by property type and location.
- Ineligible Properties: Mobile homes, rental properties, and vacant land are not eligible for Security Service FCU HELOCs.
Understanding HELOCs with Security Service FCU
Before applying for a HELOC with Security Service FCU, carefully review the terms and conditions. Understand the details of the introductory rate, variable rate adjustments after the introductory period, and any potential fees or penalties.
Disclaimer:
Federally insured by NCUA, NMLS #458903. Membership eligibility required. Restrictions apply. Loan subject to credit approval. Financing available for properties in Texas, Colorado, and Utah. Maximum combined loan to value (CLTV) on primary residences in Colorado/Utah up to 90% and 80% in Texas; CLTV on second/vacation homes up to 90% in all states. Mobile homes, rental properties, and lot/land are not eligible. Minimum loan amounts may apply. Rates subject to change. APR = Annual Percentage Rate. The APR is accurate as of 12/18/24. Consult with a Security Service FCU representative for the most current information.
