Home Equity Loans

SOCU offers various types of Home Equity Loans. By using the equity in your home, you may qualify for a sizable amount of credit at a low-interest rate. A Home Equity Line of Credit is an adjustable-rate line of credit secured by your home that gives you a revolving line of credit to use for expenses such as home improvements, consolidation, or school expenses. Apply Online Today!

Home Equity ad

Home Equity Line of Credit
• Minimum Loan Amount $5000
• Minimum Initial Advance $500
• 120-Month Draw Period, 120-Month Payback Period
• Monthly payment based on 1.5% of the principal balance outstanding on the last day of each month
• Maximum Total Loan to Value is 85%
• Adequate homeowner’s insurance coverage is required

Home Equity Fixed Rate Second Mortgage
• Fixed Rate Mortgage
• Fully Amortized up to 120 months
• Maximum Total Loan to Value is 85%
• Adequate homeowner’s insurance coverage is required


*All loans subject to credit approval. Minimum loan amount is $5,000.00 with a minimum initial advance of $500.00. Qualified borrowers may borrow up to 85% of the appraised value of the home, less any outstanding liens. If the Credit Union paid bona-fide third party fees on the Borrower’s behalf, and the Borrower closes the line within 24 months from its opening, the Borrower agrees to reimburse the credit union for the amount of those bona-fide third party fees paid on their behalf, as permitted by applicable law. Costs Range from $350.00 to $1500.00 depending on the property type, the amount of credit extended, and includes applicable state and local mortgage taxes. 120-month Draw Period, 120-month Payback Period. Federally insured by the NCUA. NMLS #421974. Limited time offer.