Benefits
- Apply Today. Apply online!
- Possible tax advantages
- A HELOC is a good choice if you want to have money available for both current and future needs
- Access funds through line of credit checks or advances
- Title and Recording costs may be paid for by SMCU
HELOC details:
SMCUs Home Equity Line of Credit (HELOC) gives you the flexibility and convenience of a credit card. A drive by appraisal will be required on loan requests. All Appraisal costs will be paid for in advance from the member applying for the loan request.
- It's a revolving line of credit, with a variable interest rate, based on the available equity in your home and other qualifying criteria.
- Maximum loan amount $100,000.
- A HELOC is a good choice if you want to have money available for both current and future needs.
- Combined Loan-to-Values (CLTV) to 70%.
- First 10 years to draw on line of credit, then 15 years to repay loan.
Have questions?
Call a Real Estate Specialist at (650) 363-1799 or visit a branch near you—we're happy to answer any questions you have.
Ready to apply?
Click here to apply now.
Unsure if a HELOC is right for you?
See a detailed comparison of our Home Equity Lines of Credit and Home Equity Loans.
