Effective as of November 1, 2018
Home Equity Line of Credit (HELOC)
Home remodel? Dream vacation? College tuition? Debt consolidation?
Plans that seemed distant are now within reach thanks to your home! With competitive rates and flexible payment options, we have the program to fit your needs. Borrow what you need, when you need it, with an open-end revolving line of credit secured by the equity in your home1.
- Introductory rate of 1.99% APR2
- Non-introductory rates as low as 4.00% APR2
- Financing up to 80% of the property value, minus the first mortgage
- Terms up to 15 years
- 5-year draw period, 10-year repayment period
1Primary residence owned by the member(s). 2APR = Annual Percentage Rate. Introductory Rate for first 6 months is 1.99% APR. Thereafter, the Home Equity Line of Credit will have a variable rate ranging from 4.00% APR to 18.00% APR. Maximum rate change in 12-month period is 2.00% APR. Interest rate is based on creditworthiness. Loan is subject to credit union eligibility and underwriting guidelines. Fees up to $3,500.00 may be charged by SUN Credit Union or third party. SUN Credit Union will pay half of the closing cost provided a minimum draw of $10,000.00 is taken and the loan is not paid off within 24 months.