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Home Equity Loans
Silver State Schools Credit Union home equity loans and lines of credit are a great way to access the equity in your home.
Home Equity Loan
Perfect for that 'big-ticket' item that requires a one-time lump sum payment such as remodeling a kitchen or bath, or consolidating your debts into one easy payment.
- Fixed terms up to 20 years
- Fixed rates
- Up to 80% loan-to-value financing
- Borrow $3,500 to $250,000 of your available equity
- Up to 100% tax deductible interest (consult your tax advisor for details)
- No pre-payment penalties
Home Equity Line of Credit
Borrow the funds as you need them for home repairs, to pay for your child's education expenses, or to take a vacation. The line of credit replenishes as you repay the funds and the money becomes available to borrow again.
- Draw funds for the first 10 years
- Easy access to funds
- Up to 80% loan-to-value financing
- Borrow $10,000 to $250,000 of your available equity
- Up to 100% tax deductible interest (consult your tax advisor for details)
- No pre-payment penalties
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Loan Rates
Home Equity Loans| Loan Amount | Terms | APR* Range |
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| $3,500 to $250,000 | 60 to 120 months | 5.49% - 13.99% | | $3,500 to $250,000 | 144 to 240 months | 6.49% - 15.49% | | Note: Up to 80% loan-to-value financing. Actual rate depends on relationship with SSSCU, credit score, term, amount of loan, and auto pay discount. All loans subject to credit approval, verification, and collateral evaluation. |
Home Equity Lines of Credit| Loan Amount | Terms | APR* Range |
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| $10,000 to $250,000 | 10 year draw | 4.00% - 18.00% | | Note: 10 year draw and then 10 year amortization. Rate is based on Prime plus a margin with a 4% floor and 18% cap. Actual rate depends on relationship with SSSCU, credit score, term, amount of loan, and auto pay discount. All loans subject to credit approval, verification, and collateral evaluation. |
*Annual Percentage Rate
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