HOME EQUITY
YOU'VE DONE THE WORK — LET YOUR HOME EQUITY DO THE REST
Whether you’re tackling home improvements, paying off high-interest debt, covering education expenses, or preparing for what’s next, Silver State Schools Credit Union (SSSCU) has options and the right solution for you.
FLEXIBLE OPTIONS. POWERFUL SAVINGS. ALL IN ONE PLACE!
HOME EQUITY LINE OF CREDIT
A Home Equity Line of Credit (HELOC) gives you flexible, revolving access to funds — so you can borrow what you need, when you need it.
- Introductory rate starts as low as1 5.99% APR* for the first 12 months2.
Zero Stress, No Hassle—Just A Smarter Way to Fund You Goals. Get Started Now!
HOME EQUITY LOAN
A Home Equity Loan (HELOAN) lets you borrow a lump sum at a fixed rate, giving you access to funds upfront and predictable monthly payments.
- Fixed rate starts as low as4 6.99% APR*.
Act Now to Lock in Your Low Rate!
YOUR MONEY, YOUR CHOICE—SSSCU CAN HELP YOU FIND THE BEST FIT FOR YOUR NEEDS
HOME IMPROVEMENT PROJECTS
DEBT CONSOLIDATION
SIGNIFICANT PURCHASE
EDUCATION EXPENSES/ TUITION
DREAM VACATION
MEDICAL EXPENSES
EMERGENCY FUND
WEDDINGS & SPECIAL EVENTS
TAX LIABILITIES
AND SO MUCH MORE!
WHICH HOME EQUITY SOLUTION IS RIGHT FOR YOU
| HELOC | Home Equity Loan | |
|---|---|---|
| BEST FOR | Ongoing expenses or long-term projects | Large, one-time expenses |
| TERM | Revolving credit, usually with a draw period and repayment period | Fixed term |
| PAYMENT CONSISTENCY | Variable payments, can change with interest rate | Predictable monthly payments |
| INTEREST RATE | Variable | Fixed |
| FLEXIBILITY | More flexible, draw funds as needed (up to the credit limit) | Less flexible, lump sum |
| TAX DEDUCTIBLE INTEREST | Yes, if used for home improvements (consult tax advisor) | Yes, if used for home improvements (consult tax advisor) |
| Apply Now | Apply Now |
| HELOC | Home Equity Loan |
|---|---|
| BEST FOR | |
| Ongoing expenses or long-term projects | Large, one-time expenses |
| TERM | |
| Revolving credit, usually with a draw period and repayment period | Fixed term |
| PAYMENT CONSISTENCY | |
| Variable payments, can change with interest rate | Predictable monthly payments |
| INTEREST RATE | |
| Variable | Fixed |
| FLEXIBILITY | |
| More flexible, draw funds as needed (up to the credit limit) | Less flexible, lump sum |
| TAX DEDUCTIBLE INTEREST | |
| Yes, if used for home improvements (consult tax advisor) | Yes, if used for home improvements (consult tax advisor) |
| Apply Now | Apply Now |
ANYONE CAN JOIN AND EXPERIENCE BANKING DONE BETTER
As a member of SSSCU, you’ll benefit from competitive loan rates, flexible account options, expert guidance, and a team that puts your financial well-being first.
EXPLORE OUR ACCOUNT OPTIONS
Advantage Checking
Earn dividends on your checking balance and get access to identity theft protection and credit monitoring, plus discounts, rewards, and more.
MyAccount Checking
Our checking account for students and young adults age 25 and under, with Online and Mobile Banking and a contactless Visa® Debit Card.
SMART Checking
Features a simple and secure Visa® Debit Card for children and teens ages 10 to 17.
*Annual Percentage Rate (APR). All loans are subject to credit approval, verification, and collateral evaluation. Other terms and conditions may apply, ask for details.
1Advertised “as low as” APR* assumes excellent credit history and 80% Loan-to-Value. Special Rates for up to 90% Loan to Value are also available. The Annual Percentage Rate may vary. All loans are subject to credit approval, verification, and collateral evaluation. Loan requests above $100,000 require an appraisal. The appraisal fee can range between $600 – $750. Rates, terms, and conditions are subject to change without notice and can end at any time. Not valid for refinancing of existing SSSCU 1st and 2nd mortgages. Property Insurance Required. Other restrictions, qualifications, and fees may apply. As of January 1st, the Annual Percentage Rate of 5.99% assumes the use of the “as low as rate” for a loan with 80% Loan-to-Value. The rate may vary quarterly and will be equal to the Prime Rate as published at www.bankrate.com as the WSJ Prime Rate (“Index”), plus the margin. Increases in the Interest Rate will result in like increases in the Finance Charge and will affect the amount of your scheduled payments during the draw period and the repayment period. The maximum APR* will not exceed 18.00%.
2The Introductory Rate will expire twelve (12) months from the open date. Minimum advance or balance transfer of $10,000 required on the day of opening. The minimum amount of subsequent advance is $500.00. Following the expiration of the Introductory APR*, your plan will be subject to a Variable Rate. Subsequent advances/balance transfers not subject to the Introductory Rate will be subject to a Variable Rate and the Annual Percentage Rate can change as a result, as outlined per the terms of the Home Equity Line of Credit Agreement (corresponding to the periodic rate). The interest rate varies depending on your credit qualifications and the Loan-to-Value of your home.
3Up to 80% loan-to-value financing. Actual rate depends on credit score, term, and amount of loan.
Must be a Silver State Schools Credit Union (SSSCU) member to borrow. Membership at SSSCU requires a savings account with a minimum balance. Mortgage loan origination officers are all licensed through the national Mortgage Licensing System (NMLS). Silver State Schools Credit Union (NMLS #382004) originates mortgage at 630 Trade Center Drive, Las Vegas, NV 89119 and can be contacted at 702.733.8820.
Consult a tax advisor for deductibility of interest.
