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 (HELOC)
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 Credit1 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 costs1
- Pre-payment penalties
- Transfer fee in online banking
LOW
Payments
UP TO
95% loan-to-value (LTV)
FLEXIBLE
10 year draw
15 year repayment
1Rates subject to change and are based on credit score. Loan-to-value maximum based on credit score. Loans subject to membership eligibility, credit approval and application. Minimum payment must be made each month. Interest-Only Home Equity Line of Credit: Rate based on prime plus margin and credit score. During the draw period, interest-only minimum payments required. Floor is 3.00% APR, maximum APR is 18.00%. 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: 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.
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 home 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!
