Get the money you need and consolidate debt, make home improvements, pay for education, and handle unexpected expenses, & more!

Home Equity Loan

› No payments for 90 days*

No closing costs*

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Home Equity Line of Credit (HELOC)

Interest-only repayment option

No closing costs*


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*Promotion Period: 7/3/2024 – 9/30/2024. Rates subject to change. Loans subject to membership eligibility, credit approval and application. Rates are based on credit score. Member Value Program participation required to receive rate discounts. Interest-Only Home Equity Line of Credit: Rate based on prime plus margin and credit score. Floor is 3.00% APR, maximum APR is 18.00%. Discount may cause best rate to go below floor. Rate will change to the prime rate plus margin every six months after the booking date. 25-year term (10-year draw period and 15-year repayment period). Primary and secondary residence only. Property insurance is required. Existing Sun Federal Home Equity Line of Credit (HELOC) borrower(s) must re-apply and re-qualify. No Closing Costs: Does not include full appraisal if needed also dependent on state law if outside of Ohio, Michigan, Pennsylvania, and New jersey. Home Equity Loan: If you make your first payment prior to the first payment due date then the next payment due date will not advance beyond 90 days. Interest will continue to accrue at the approved rate. Payment example: For a $20,000 Home Equity Loan for a term of 14 years at 7.375% Annual Percentage Rate, the estimated monthly payment would be $191.23. Member Value Program (MVP): Participation is free. To qualify for the Member Value Program, members must have a savings, active checking account (one transaction per month) and a qualifying third product (a SFCU loan, VISA Credit Card, Certificate, Money Market, IRA Savings or IRA Certificate). Membership: To become a member of Sun Federal Credit Union, a savings account with a minimum deposit of $5.00 is required at opening. Eligibility: Persons who live, work (or regularly conduct business in), worship, or attend school in, and businesses and other legal entities located within our prescribed underserved community consisting of 85 census tracts in Lucas and Wood Counties are eligible to join. As an employee, retiree, member or student of one of our sponsor groups, or if you live, work, worship, attend school or regularly conduct business in Philadelphia, Montgomery, Delaware and Berks counties (based on address), you and members of your immediate family or household are also eligible to join Sun Federal CU.

Federally insured by NCUA. Privately insured by ESI.

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