Exercise your Equity!
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.
- 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
|Index (Prime Rate)||Margin||Maximum APR*||Current APR*||LTV** Limit|
|*APR = Annual Percentage Rate
**LTV = Loan-to-value