Putting your home to work harder for you.

A home equity loan allows you to borrow against the equity in your home so you don't have to dip into your savings to cover things like home improvements, education, business startups, and consolidate debt.

We offer closing cost assistance, no discount points, or origination fees on primary residences, flexible payment options and in most cases, tax-deductible interest1.

*Check with your tax advisor about allowable tax deductions.

Variable Home Equity Line Of Credit:

  • Up to 100% Loan-to-Value (LTV) financing
  • Very low variable rates: Rate is based on the Wall Street Journal Prime rate and can change quarterly. 
  • Monthly statements
  • Payments are amortized over 15 years based on the current balance
  • Lines of Credit can be advanced for the first 10 years of the loan and then revert into repayment mode of 15 years on primary residences
  • $250 processing fee

Home Equity Lines of Credit are available for properties nationwide except in Alaska, Hawaii, Texas, Puerto Rico, and Guam. All loans are subject ot credit approval.

Signature FCU Home Equity Products Also Feature:

  • Maximum loan amount $250,000
  • Closing costs paid up to $1,000 by the Credit Union1
  • No origination fee
  • No prepayment penalty
  • Rental property financing available at low interest rates2
  • Payments may be made bi-weekly or monthly, and by payroll allotment or check
  • We lend nationwide excluding Hawaii, Alaska, and Puerto Rico
  • A 60-day waiting period is required if the property was recently purchased or refinanced

Documents required for processing:

  • One month of paystubs
  • Last two years w2’s
  • Last 2 years tax returns (if self- employed)
  • Annuity Statement (if retired)
  • Social Security Award Letter (if retired)
  • Copy of Deed showing ownership (Refinance Transaction Only)
  • Copy of most recent tax assessment (Refinance Transaction Only)
  • Copy of homeowner insurance declarations page (Refinance Transaction Only)
  • Last two months bank statements (Purchase Transaction Only)
  • Gift Letter (if applicable) (Purchase Transaction Only)
  • Ratified Sales Contract (Purchase Transaction Only)

Application Center

Already a SFCU member? (To apply for a loan online, you must be enrolled in our Online Branch or SFCU Mobile Banking app and have your Member Number)

Need help? Click here for directions on how to apply for a loan in Online Branch/SFCU Mobile Banking app.

Apply for a Home Equity Loan Online View Home Equity Rates

Calculate How Much You Can Afford

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If you would prefer to fill out a PDF version of our Home Equity application, please click here.

A floor rate may apply to HELOC products.

1Signature will pay closing costs up to $1,000 of the closing costs associated with the processing of your Home Equity Loan which include but are not limited to; credit report, flood determination, verification of employment, settlement charges, title, and appraisal fees. This aso includes government charges and recording fees. This offer excludes the processing fee and a 1% origination fee charged for investment properties. Closing costs vary based on location, type of property and the loan amount. Any closing costs over $1,000 (typically closing costs are $0 - $500) are paid by the member and can be added to the loan request.  Paying your loan off within 3 years (36 months) from the loan origination date, will result in the reimbursement of all closing costs associated with this loan transaction paid by Signature Federal Credit Union. These costs will be added to the payoff of this loan. An employment verification fee of $55.50 will be assessed for each working applicant and a processing fee of $250 also applies, and is the responsibility of the member.

2Signature will finance 75% of the value of non–owner occupied rental properties.