Home Equity Lines of Credit

Home Equity Line Of Credit For Primary Residences

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

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.

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