Home Equity Loan
That feeling of wanting to break out in hives every time you look at your 1970s shag carpet – consider it gone. At SJFCU we’ll help you transition the existing equity in your home into affordable financing for a wide range of other personal needs – like getting your flooring up to this decade, for example. Capitalize on competitive rates and budget-friendly repayment terms on amounts up to 85% of your home’s equity.
- Competitive rates for a wide range of short-term or one-time needs:
- Fix up your house
- Consolidate your debt
- Pay tuition expenses
- Purchase a recreational vehicle
- And much more!
- Make payments by monthly transfer from an SJFCU account to qualify for a quarter percent loan rate reduction.
- Secured by the established equity in your home.
- Finance up to 95% of the equity in your home.
- Fixed rate terms (up to 20 years with a minimum of $75,000 financing).
- No appraisal fee.
- The interest paid may be tax deductible*.
- No waiting period after joining – apply upon membership.
- SJFCU requests that you maintain a minimum $25 Regular Savings balance when you have a loan.
- Prompt decision-making and processing based in South Jersey.
- Attentive service from our experienced staff every step of the way.
*Consult a tax advisor.