Arlene Fortin has always been an absolute pleasure to work with.
SFCU Member
Home Equity Loan Rates
Fixed-Rate Home Equity Loan – 1st Lien
Effective Date: Sunday, May 31, 2020
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 3.750% | 4.036% |
| 15 Years | 3.875% | 3.981% |
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 This offer may be withdrawn at any time.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: Sunday, May 31, 2020
| Term | Rate | APR* |
|---|---|---|
| 5 Years | 4.000% | 4.396% |
| 10 Years | 4.500% | 4.828% |
| 15 Years | 5.000% | 5.305% |
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 This offer may be withdrawn at any time.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: Sunday, May 31, 2020
| Term | Rate | APR* |
|---|---|---|
| 10 Years | 2.99% | 2.99% |
After the first year the interest rate adjusts 1.0% per quarter up until it reaches the current Wall Street Journal Prime rate, not to exceed 18.0%.
*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 This offer may be withdrawn at any time.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 Money Management Officer, Kassandra, was great to work with. I do not think she could do better.
SFCU Member
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
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