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Home Equity Lines of Credit

Home Equity Line Of Credit For Primary Residences

LTV** LimitIndex (Prime Rate)MarginMaximum APR*Current APR*
80%3.25%0.00%15%3.25%
90%3.25%1.25%15%Product Currently Unavailable
*APR = Annual Percentage Rate
**LTV = Loan-to-value
Variable Rate based on Wall Street Journal Prime Rate. 80% loan to value, 20 year term, 5 year draw, 15 year payback. Rates above are good for owner-occupied residences.

Home Equity Line Of Credit For Non-Owner-Occupied Residences

LTV** LimitIndex (Prime Rate)MarginMaximum APR*Current APR*
75%3.25%0.25%15%3.50%
*APR = Annual Percentage Rate
**LTV = Loan-to-value
Variable Rate based on Wall Street Journal Prime Rate. 75% loan to value, 20 year term, 5 year draw, 15 year payback. Rates above are good for non-owner-occupied residences. Applicants will be responsible for paying all appraisal costs.

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 80% 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.
  • 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.
  • For Non-Owner Occupied HELOCs, applicants will be responsible for all appraisal costs.

How to apply

  1. HELOC Application (PDF) - Print out, fill out, sign, and submit.
  2. Required Document Check List (PDF) - Print out, and include with submission of HELOC application.
  3. HELOC Occupancy Statment (PDF) - For owner occupied properties print out, sign, and include with submission of HELOC application.
  4. HELOC Loan Purpose Statment (PDF) - For non-owner occupied properties print out, sign, and include with submission of HELOC application.
  5. HELOC Early Disclosure (PDF) - Review and keep for your own records.
  6. Consumer Financial Protection Bureau: Find a Housing Counselor -Fill out and keep for your own records.
  7. What you should know about Home Equity Lines of Credit (PDF) - Review and keep for your own records.
  8. Email lending@srifcu.org to request a secured link for the upload of your completed HELOC application.

 

Consumer Access to the Nationwide Mortgage Licensing System & Registry (NMLS) The National Mortgage License Institution Number for SRI Federal Credit Union is: 466005 - This is only for reference.

If you would like to talk to a Loan Officer please call 650-859-5477.

Are you an SRIFCU member?

If you’re not already a member, please complete and submit our New Membership Application before applying for your HELOC.

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: 650.800.5434
@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.

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