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You’ve worked hard for your home. Now make your home work for you.

If you’ve been putting off making repairs or upgrades to your home in order to save money, it’s time to let your home pay for itself.

Use a Home Equity Line of Credit (HELOC) to borrow what you need, when you need it. These loans are great for ongoing projects, such as making those renovations to your kitchen you’ve always talked about, or fixing up your hardwood floors. Plus, at our current low rate of 2.5% APR fixed for 12 months*, the work you put into home will yield rewards for years to come.

Mortgage/Home Equity Rates

Rates effective as of: 11/26/2021 9:42:09 AM (ET).

30 Year Fixed Rate Mortgage3.125%0.2503.282%
15 Year Fixed Rate Mortgage2.375%02.620%
30 Year Fixed VA2.875%03.010%
30 Year Fixed Mortgage Construction Single Close3.375%0.2503.490%
Home Equity Line of Credit Fixed Rate Promotion2.500%02.500%

The displayed rates for conventional loans assumes a loan amount of $250,000 for a single-family, owner-occupied purchase transaction with a down payment of 40% and a credit score of 740 or higher. VA rates assume a loan amount of $250,000 and no down payment. Conventional jumbo loans assume a loan amount of $548,251 and a 40% down payment. VA jumbo assumes a loan amount of $548,251, with no down payment. Payment examples do not include taxes or insurance premiums. Payment obligation will be higher.

A $500 credit towards closing costs at time of closing will be applied for members with an ACH direct deposit into a Service Credit Union checking account and automatic payment of the mortgage from the Service Credit Union checking account for the term of the loan.


*Rates shown are Annual Percentage Rate (APR). HELOC promotional rate of 2.5% APR is fixed for the first 12 months. After the promotional period, the rate will vary based on the Wall Street Journal Prime “Prime” rate published on the last business day of the month, 3.25% APR as of 3/2/2021. APR may increase after the loan is closed; maximum APR is 17.125%. Minimum line of credit is $10,000. Property insurance is required. During the 10 year draw period a Home Equity Line of Credit with a balance of $10,000 and APR of 2.5% for the first 12 billing cycles will result in 12 interest only payments of $20.83. After the promotional period a balance of $10,000 and variable APR of 3.25% will result in 108 interest only payments of $24.93 to $27.60, followed by 178 payments of $70.57 and one (1) final payment of $71.88 during the repayment period. Payment example does not include taxes and insurance; actual payment obligation will be greater. During draw period minimum payment required is interest only. Closing costs will apply to home equity lines of credit secured by properties that are listed for sale. Properties currently on the market will be subject to credit report, title, recording, settlement, and appraisal fees (approximately $900). Existing Service Credit Union HELOC’s are not eligible for this promotion. An early termination fee of $400 applies if paid off and closed within 36 months of opened. The fee will be waived if refinanced with Service Federal Credit Union, increasing the original line of credit amount by at least $10,000, or if the borrower paid closing costs for the home equity line of credit. Subject to credit worthiness and dwelling requirements. Must be an existing member or eligible for membership. Promotion runs from 04/05/21 – 12/31/21 and is subject to change or be discontinued without notice.