Home Equity Line Of Credit For Primary Residences
| LTV** Limit | Index (Prime Rate) | Margin | Maximum APR* | Current APR* |
|---|---|---|---|---|
| 80% | 3.25% | 0.00% | 15% | 3.25% |
| 90% | 3.25% | 1.25% | 15% | 4.50% |
| *APR = Annual Percentage Rate **LTV = Loan-to-value |
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Home Equity Line Of Credit For Non-Owner-Occupied Residences
| LTV** Limit | Index (Prime Rate) | Margin | Maximum APR* | Current APR* |
|---|---|---|---|---|
| 80% | 3.25% | 0.25% | 15% | 3.50% |
| 90% | 3.25% | 1.50% | 15% | 4.75% |
| *APR = Annual Percentage Rate **LTV = Loan-to-value |
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Get your home in shape with a Home Equity Line of Credit from SRI Federal Credit Union
ZERO points, ZERO annual fees, ZERO closing costs
and a low variable rate of prime.
- Borrow up to 90% of the combined loan-to-value (CLTV)
- Minimum limit $20,000
- Maximum limit $500,000
- Variable rate changes monthly based on prime rate as published in the Wall Street Journal 10 days before month end. Floor 3.25% APR for 80% LTV and 4.50% for 90% LTV.
- Principal and interest payments amortized over 15 years, with a 5 year draw period and 20 year term
- Easy access to funds as needed online or with checks
- If you are in the last year of the draw period, contact us for a free HELOC review. You may qualify to have the draw period extended another five years!
- HELOCS closed within 24 months require repayment of all fees. These fees will be prorated.
Resources
- Required Document Check List (PDF)
- HELOC Early Disclosure (PDF)
- HELOC Application (PDF)
- Consumer Financial Protection Bureau: Find a Housing Counselor
- What you should know about Home Equity Lines of Credit (PDF)
- Consumer Access to the Nationwide Mortgage Licensing System & Registry (NMLS)
- The National Mortgage License Institution Number for SRI Federal Credit Union is: 466005
HELOC Draw Period Extension Request
If your HELOC is coming to the end of its draw period and you would like to extend it for another five years we've got a no fee solution.
Contact Us
Call: 800.986.3669
@SRI Extension 3711
Fax: 650.326.8916
333 Ravenswood Ave
Menlo Park, CA 94025-3493
Mailing Address:
P.O. Box 2284
Menlo Park, CA 94026-2284
Routing Number: 321173328
All deposits are insured by the NCUA to at least $250,000.
