Home Equity Loans

Whether you choose a fixed-rate home equity loan or a budget-friendly home equity line of credit, you may qualify for tax advantages on the amount borrowed.

Check today's loan rates and terms, then use our loan calculator to estimate your payments.

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Get all the tax benefits offered by your mortgage without all the fees, and receive your money in about one-third the time it takes to refinance. Home equity loans are a great way to pay for home remodeling, college tuition, weddings, or other big-ticket purchases.

We do not collect fees for new Home Equity Loan applications that are completed and funded. If you are refinancing a current School Employees Credit Union Home Equity Loan, fees are only collected for transactions with less than $5,000 in additional funds. We allow you to borrow up to 100% of your primary residence's value (75% on a vacation home in Washington), minus any existing mortgage or liens. Depending on the amount you borrow, you can extend your payments over 180 months.

Check today's loan rates and terms, then use our loan calculator to estimate your payments.

* Eligibility for products is subject to credit approval. Eligibility for loan products may be limited if you do not live in Washington State. Please contact us for details.

EquityLine home equity line of credit*

Qualified homeowners can set up a variable-rate home equity line of credit from $10,000 to $150,000, borrowing up to 80% of their home's value, less any mortgages or liens. With possible tax advantages, EquityLine makes a smart choice for funding home fix-up, consolidating debt, creating an emergency fund, or covering college tuition.

EquityLine is easy on your budget because you can make interest-only payments for up to 15 years (minimum monthly payments are as low as $100).**

Check today's loan rates and terms, then use our loan calculator to estimate your payments.

* Eligibility for products is subject to credit approval.

** EquityLine's rate is adjusted four times a year by adding 3% to the 11th District Cost of Funds Index as reported at the end of the preceding quarter. EquityLine isn't eligible for our usual one-half percent discount on loans repaid by direct deposit or payroll deduction. You may opt for interest-only payments for the first 10 years of the draw period of your EquityLine and, pending approval, extend your draw period to 15 years. After your draw period ends, the line of credit converts to a loan in which you repay both principal and interest (with no further draws) for up to 15 years. Please consult your tax adviser for details on potential deductibility.

Nationwide Mortgage Licensing System Registration Numbers.