Our friend mentioned how great SFCU was to work with. The staff makes you feel welcome. Working with the mortgage team was great and very helpful.
SFCU Member
Home Equity Loan Rates
Fixed-Rate Home Equity Loan – 1st Lien
Effective Date: Monday, June 30, 2025
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 6.25% | 6.25% |
| 15 Years | 6.375% | 6.375% |
APR based on $100,0000. Maximum loan amount – $100,000.
*APR = Annual Percentage Rate. The rate is based on approved credit, direct payment from a SFCU account, and is subject to change without notice. Refinancing existing SFCU loans excluded. Minimum $5.00 deposit account required. This offer may be withdrawn at any time. Other restrictions may apply. Other terms and rates may apply based on the credit worthiness of the borrower and alternative payment sources.
Fixed Rate Home Equity Loan – 2nd Mortgage
Effective Date: Monday, June 30, 2025
| Term | Rate | APR* |
|---|---|---|
| 5 Years | 6.500% | 6.500% |
| 10 Years | 6.875% | 7.000% |
| 15 Years | 7.250% | 7.250% |
APR based on $50,000.
*APR = Annual Percentage Rate. The rate is based on approved credit, direct payment from a SFCU account, and is subject to change without notice. Refinancing existing SFCU loans excluded. Minimum $5.00 deposit account required. This offer may be withdrawn at any time. Other restrictions may apply. Other terms and rates may apply based on the credit worthiness of the borrower and alternative payment sources.
Home Equity Line of Credit
Effective Date: Monday, June 30, 2025
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 6.125% | 6.125% |
After the first year (12 months) the interest rate adjusts 1.0% per quarter up until it reaches the current Wall Street Journal Prime rate, not to exceed 18.0%. Maximum loan amount – $150,000.
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 6.250% | 6.250% |
After the second year (24 months) the interest rate adjusts 1.0% per quarter up until it reaches the current Wall Street Journal Prime rate, not to exceed 18.0%. Maximum loan amount – $150,000.
*APR = Annual Percentage Rate. The rate is based on approved credit, direct payment from a SFCU account, and is subject to change without notice. Refinancing existing SFCU loans excluded. Minimum $5.00 deposit account required. This offer may be withdrawn at any time. Other restrictions may apply. Other terms and rates may apply based on the credit worthiness of the borrower and alternative payment sources.
Our Loan Officer, Arlene, was so nice to work with. Her knowledge of the loan process and her ability to listen for what we wanted in a mortgage made the transition go smoothly. A very nice experience.
SFCU Member
This was the first time I had purchased a vehicle without going through a dealer for financing. When I went to the Credit Union I was seen immediately by the Loan Department. The Loan Officer was very knowledgeable. I was given a list of documents to gather and was promptly taken care of when I returned with them. My wife will be contacting your office about refinancing her student loans.
SFCU Member
In my 30+ years in Somerset, I have never seen a financial institution with such great service. Keep up the great work, you have a great deal to be proud of.
SFCU Member