Home Equity Loan

You built home equity with hard work. Now let it return the favor.

Whether you have a big home improvement project coming up, need money for a major expense like college tuition, or want to consolidate debt, the equity you've worked so hard to build in your home can work just as hard to help you achieve your goals.

What is a home equity loan?

Sometimes referred to as a home equity installment loan, home equity loans can be a great way to fund nearly anything -- but especially home improvement projects.

Benefits and features

• Many options: Borrow anywhere from $25,000 to $400,000 and pay it back over 5, 10, or 15 years.
• Rates: as low as 6.375¹% APR.
• Convenience and access: Funds go into your SMCU checking or savings account in a lump sum, which you can access whenever you need to.
• Fixed rates and predictable payments: Interest rates on home equity loans are fixed and your payment is the same each month.
• Potential tax benefits: Interest paid on a home equity loan may be tax deductible.²

Get in touch with an SMCU California mortgage expert