Home Equity Loan
Major financing available without hassles. 1-15 year terms available!
Rate as low as
Interest-Only HELOC
A convenient and affordable Home Equity Line of Credit that's easy to use!
Rate as low as
Interest-Only Home Equity Line of Credit
Get the money you need, when you need it! There are so many things you can do with our Interest-Only Home Equity Line of Credit such as:
- Consolidate Debt
- Make Home Improvements
- Pay for Education
- Handle Unexpected Expenses
The best part, the monthly repayment is low and you have the flexibility to begin repaying only the accumulated interest!
Affordable Lending:
No/$0
- Application fee
- Annual fee
- Closing costs
- Pre-payment penalties
- Transfer fee in online banking
LOW
Payments
UP TO
70% loan-to-value (LTV)
FLEXIBLE
10 year draw
15 year repayment
Example: Bathroom Remodel
National Average Bathroom Remodel1 $10,515
3.50% APR Home Equity LOC
10 year Interest-Only Payment = $30.67
1 HomeAdvisor, www.homeadvisor.com/cost/bathrooms/...
Payment based on a $10,515 loan with an Annual Percentage Rate of 3.50% for a 25-year term. Interest-only payments due monthly during the 10 years draw period. Principal and interest paid monthly during the 15-year repayment period.
Example: Kitchen Remodel
National Average Kitchen Remodel2 $25,146
3.50% APR Home Equity LOC
10 year Interest-Only Payment = $73.34
2 Home Advisor, www.homeadvisor.com/cost/kitchens/...
Payment based on a $25,146 loan with an Annual Percentage Rate of 3.50% for a 25-year term. Interest-only payments due monthly during the 10 years draw period. Principal and interest paid monthly during the 15-year repayment period.
*Annual Percentage Rate. Rate based on prime plus margin and credit score. Loan-to-value maximum based on credit score. Floor is 3.00% APR, maximum APR is 18.00%. Rate changes semi-annually based on booking anniversary date. 25-year term (10-year draw period and 15-year repayment period). The minimum payment must be made each month. During the draw period, interest-only minimum payments required. Available only on primary personal residence (not available on investment or rental homes). Existing Sun Federal Home Equity Line of Credit (HELOC) borrower(s) must re-apply and re-qualify.
Easy as 1-2-3
1
Your goals
What would you like to accomplish? From home improvement to debt consolidation or even paying for college, it can be fun considering how you want to use your equity to enhance your life.
2
Let’s discuss your options
Your trusted Sun Federal CU home finance specialist can help you review the best home equity financing options available to help you achieve your goals with the most value and savings.
3
Applying is easy
When you are ready, we will assist you through a smooth application process. Before you know it, the equity in your home can be working for you. It’s another great benefit of membership!
