mortgage-center

Mortgage Center

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Home Equity Loan Promotion

It's a Rainbow of Spring Savings at South Jersey Federal Credit Union!

Get a Home Equity Loan at a fixed rate as low as 3.99% APR with No Appraisal Fee*. Or, borrow up to 90% of the loan-to-value against the equity in your home with a Home Equity Line of Credit**.

Qualified Members that apply for this loan promotion in April will receive a Home Depot® Gift Card after closing***!

Don’t forget to check out our outstanding mortgages for first time home buyers that are looking to purchase or refinance owner-occupied or investment properties!

    *This product is a fixed rate, closed-end loan. The minimum amount borrowed for new loans and refinances is $10,000. Offer subject to standard underwriting and loan-to-value guidelines. Other home equity rates and terms available to qualified borrowers. All rates and terms are subject to change at the discretion of the credit union. Interest may be tax-deductible, please consult a tax professional. Title Insurance required for loans in excess of $100,000. Standard closing costs apply. NMLS#771963

    **Home Equity Line of Credit (HELOC) rates are variable and based on creditworthiness and other factors, all balances will accrue interest at the variable APR in effect for your account based on loan to value and creditworthiness. The minimum credit limit for a  HELOC is $10,000. Regular HELOC rates based on Prime Rate published in the Wall Street Journal on the last business day of the month plus a margin with a floor of 3.5%. Maximum rate is 18%. If a credit line is closed within the first (36) months you agree to reimburse the Credit Union for any third party fees paid on your behalf. Title insurance required for credit limits in excess of $100,000. Rates and terms subject to change at the discretion of the credit union. NMLS#771963

    ***Applications must be submitted by the close of business on 4/31/2018 to qualify. HELOCs require a $10,000 minimum initial advance. A $100 Home Depot® gift card will be given to Members that are approved for and close a Home Equity Loan up to $50,000 or get a Home Equity Line of Credit up to $50,000. A $250 Home Depot® gift card will be given to Members that are approved for and close a Home Equity Loan over $50,000 or get a Home Equity Line of Credit over $50,000. Only one Home Depot® gift card will be awarded per loan. Home Depot® gift cards will be available for pick up at a South Jersey Federal Credit Union branch three business days after loan closing.