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Tap into the equity you’ve built up over time to pay for just about anything you need, whether through a closed end loan or a revolving line of credit.

Home Loans

In need of some cash for a home repair or to pay of other debts? Tapping into the equity of your home may be a great way to give yourself some financial wiggle room. Whether you’d like a closed end loan, or a line of credit, we have options for you to choose from.

Home Equity Lines of Credit

Tap into the equity you’ve built up over time to pay for just about anything you need. It’s a revolving line of credit so you’re able to use it like a credit card.

The great thing about a prime equity line of credit is that you can use it whenever the need presents itself.

Key Features
Quarterly rate adjustments based on the Prime Rate*
No Annual Fees
Low Payments – Interest Only Option
Interest May Be Tax Deductible**

Apply for a Home Equity Line of Credit

Apply Now


*APR is Annual Percentage Rate. The variable rate APR on home equity lines of credit may vary quarterly based on the latest U.S. Prime Rate as published in The Wall Street Journal as of the first business day of the month prior to change plus an as-low-as margin of 0% APR or 4.25% (The Prime Rate as of June 15th, 2017) APR whichever is greater for those account holders whose total mortgage loans, including your SF Fire Credit Union Home Equity Line of Credit do not exceed 80% of the value of your 1-4 family owner-occupied primary residential property in CA. The variable rate APR for account holders whose total mortgage loans, including your SF Fire Credit Union Home Equity Line of Credit that are greater than 80% but do not exceed 90% of the value of your 1-4 family owner-occupied primary residential property in CA will be an as-low-as margin of 1% APR or 5.25% APR whichever is greater.

The Minimum Home Equity Credit Line is $20,000. A $250 Application fee will be assessed at the time of closing. An appraisal fee will be assessed on credit requests of $250,000 or more. There is no annual fee. Borrower agrees to reimburse the credit union with a $300 early termination fee if account is closed within 2 years. Borrower must pay mortgage satisfaction fees at loan termination. Property insurance is required and flood insurance may be required. Rates and terms are subject to change. This offer is subject to credit approval.

SF Fire Credit Union reserves the right to approve or decline member credit applications based on the following conditions:
Member must be the owner of primary residential real estate property located in CA in which you live, member and co-applicant must have a verifiable income and must meet our standard credit terms and policies.

Offer applies to owner-occupied 1-4 family primary residences. Purchase money mortgage loans and loans secured by mobile homes do not qualify for this offer. SF Fire Credit Union must be in a first lien position, or in a second position behind no more than one other lender in connection with its home equity line or loan on the borrower’s primary residential real estate property. The combined loan to value ratio for all loans on such property may not exceed 90%.

Member must be at least 18 years of age. This invitation to apply offer is for a home equity line of credit with a limit up to $250,000. Higher line amounts are available to those members who meet our established credit standards. The maximum amount we can lend you depends on the value of your home, your income, amount of debt, and credit history.

**Please consult a tax advisor about your specific tax situation.


Home Equity Loans

Home equity loans typically suit those who plan to use money in a lump sum for a one-time expense such as consolidating debt, making a home improvement, or paying for a wedding. The interest rate is usually fixed, and so are the monthly payments, so you can budget accordingly.

Equity Plus Loan

  • Fixed Rate for 15 Years*
  • 15-Year Fully-Amortized Term
  • No Points
  • Affordable Payment Terms
  • Interest May Be Tax Deductible**

Apply for a Home Equity Loan

Apply Now

Offer subject to credit approval, which includes verification of application information and receipt of collateral documents. Rates and closing costs are subject to credit qualifications. Minimum Loan amount is $20,000. Maximum loan to value of up to 90%. Initial rate is based on loan amount, loan to value, term and credit history. We may not extend credit to you if you do not meet Sf Fire Credit Union criteria.
 
*The Annual Percentage Rate (APR) is a fixed-rate and is determined based on the borrower’s credit qualifications and loan to value ratio. A $250 Application fee will be assessed at the time of closing. An appraisal fee will be assessed on credit requests of $250,000 or more. There is no annual fee. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood insurance may be required. If the county in which the collateral is located charges additional fees and taxes, the borrower will be responsible for payment. Rates, terms, and conditions are subject to change. Other restrictions may apply. Home equity loans need to be 1st or 2nd lien secured by borrower’s 1 to 4 unit owner-occupied residential dwelling.

*Home Equity Loan: Example of repayment terms for Equity Plus Loan with a fixed-rate for 15 years: 180 monthly payments of $8.99 per $1,000 borrowed at 7.00% fixed-rate APR for those members whose total mortgage loans, including your SF Fire Credit Union Home Equity Loan do not exceed 80% of the value of your 1-4 family owner-occupied primary residential property in CA. SF Fire Credit Union reserves the right to approve or decline member credit applications based on the following conditions: member must be the owner of primary residential real estate property located in CA in which you live, member and co-applicant must have a verifiable income and must meet our standard credit terms and policies. Other restrictions may apply.

**Consult with your financial advisor about potential tax savings.

Learn more about our varied terms and rates for Home Equity Loans by calling an SF Fire Credit Union Real Estate Member at 1.888.499.FIREx803. Monday – Friday 8:30AM – 6:00PM and Saturday: 8:30AM – 3:00PM or make an appointment online at sffirecu.org