Benefits of Home Equity Loans

Called "Home Eq," a home equity loan from Sunrise Family Credit Union is one of the few remaining tax deductions for many people. Consult your tax advisor about your eligibility for the tax advantage of a home equity loan. closed-end credit secured by a dwelling. 

Home Eq Line of Credit allows you to make periodic draws up to your limit. These draws may be used for major purchases such as appliances, furniture or even an automobile; college education costs; or any good reason.

Home Eq Home Room is a single purpose home equity loan that allows you to borrow at a fixed interest rate for one large purpose like home remodeling.

Sunrise Family Credit Union offers a variety of loan programs to meet your needs. We offer conventional fixed-rate mortgages with payment terms of 7, 10, 15, 20, or 30 years. We also offer balloon mortgages with 5, 10, and 15 year terms. All Rates listed are "as low as".

We also offer both fixed home-equity loans over 5 or 10 year terms, along with home equity lines of credit (HELOC). For HELOC Early Disclosure please click here

For Home Equity Loans please apply using our Mortgage Application

Click here for Mortgage Product rates.

Home equity from Sunrise Family

Ready to Apply and...

Consolidate debt, home improvements, vacations, and cash out for any reason! Call or contact our friendly loan department today 800-589-1079 and find out how easy it can be to save money at your fingertips!

*As low as represents our promotional rate and is subject to credit approval. Not all will qualify for this rate. Appraisal fee may apply. See SFCU for further details. NMLS #469609Equal Housing Opportunity - Kalvan Realty

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Important Terms of our Home Equity Line of Credit

Availability of Terms: All of the terms described below are subject to change. If these terms change (other than the annual percentage rate) and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees that you pay to us or anyone else in connection with your application.

Rates Changes: The annual percentage rate can change quarterly on the first day of February, May, August and November. There is no limit on the amount by which the annual percentage rate can change during any one year period. The Maximum ANNUAL PERCENTAGE RATE that can apply is 18%.  However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 6.00% at any time during the term of the plan.

MASTERCARD ACCESS: Upon your request and our approval, we will issue a MASTERCARD credit card to access this home equity plan.

MAXIMUM RATE AND PAYMENT EXAMPLES: if you had an outstanding balance of $10,000, the minimum ANNUAL PERCENTAGE RATE of 18% would be $150.00. This annual percentage rate could be reached at the time of the 1st payment.

  • Home Equity (LOC)** 6.00% APR Floor
  • 6.00%** Variable Rate
  • Payments based on 1.5% of outstanding balance.

SFCU can show you how to get the maximum benefit from your home.

So Why Wait??? Let your Home Work for you!

*Appraisal fee may apply. See SFCU for further details.



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