Home Equity Loans & Home Equity Lines-of-Credit
If you are a homeowner, a Home Equity Loan or Line-of-Credit could be your best borrowing bargain! Also called a second mortgage, a Home Equity Loan pledges your house as collateral. Sb1 allows you to borrow up to 100% of your homes value.
With an Sb1 Home Equity Loan or Line-of-Credit you can:
- Remodel your home
- Consolidate higher interest debts
- Purchase a new vehicle
- Finance an education
- Pay for wedding expenses
And best of all, your interest may be tax deductible. Check with your tax advisor for details. View our most current rates >>
Sb1 Fixed Rate Home Equity Loans
- Fixed rate loans available up to $417,000 for 80% Loan-to-Value
- Available up to 100% Loan-to-Value of home's value to a maximum of $100,000
- Interest may be 100% tax deductible (Consult your tax advisor)
Sb1 Home Equity Lines-of-Credit
- Available up to 100% Loan-to-Value of home's value to a maximum of $100,000
Sb1's 5/1 Home Equity Adjustable Rate Mortgage
Featuring a low starting rate that will be guaranteed for 5 years.
- Available up to $417,000 for 80% Loan-to-Value
- Maximum rate increase/decrease of 1% thereafter (rate based on 1 year Constant Maturity Treasury + 2.75%)
- Interest may be 100% tax deductible (Consult your tax advisor)
Land Loans:
Available up to 75% Loan-to-Value.
Swing/Bridge Loans:
Available up to 90% Loan-to-Value to help get you from house to house.
Have questions?
Contact one of our Home Loan Originators via e-mail at lndng@sb1fcu.org.
We also offer a Mortgages.
Click here to view our Mortgage information >>
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