Skip to main content
Text Size

Home Equity

Borrowing / Mortgages / / Home Equity

Home Equity

You have earned the equity in your home - why not use it? When in need of additional funds, your home's value can help bridge financial gaps. Access the established equity in your home with a Home Equity Loan or Home Equity Line of Credit (HELOC).

Apply Now Check Rates

Home Equity Loan

Perfect for larger expenses that require a one-time lump sum payment such as remodeling your home or consolidating debts into one easy payment.

  • Fixed terms up to 20 years
  • Fixed rates
  • Up to 100% loan-to-value financing1
  • Borrow $3,500 to $250,000 of your available equity
  • Up to 100% tax deductible interest (consult your tax advisor for details)
  • No prepayment penalties

Home Equity Line of Credit

Borrow available funds as needed for home repairs, 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 100% loan-to-value financing1
  • Borrow $10,000 to $250,000 of your available equity
  • Up to 100% tax deductible interest (consult your tax advisor for details)
  • No prepayment penalties
  • 10 year draw and then 10 year amortization
  • Rate is based on Prime plus a margin with a 4% floor and 18% cap

 

Disclosures

Mortgage programs are offered by Silver State Schools Mortgage Company (NMLS ID #410609), a credit union service organization wholly owned by Silver State Schools Credit Union (NMLS ID #382004).

Actual rate depends on credit score, term, LTV and amount of loan. All loans subject to credit approval, verification, and collateral evaluation.

1 With Mortgage Insurance Approved. 80% Loan to Value to avoid Private Mortgage Insurance.