Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Apply For a Loan

If you are a current member of SMCU, applying for a loan is easy. Just log into SMCU OnLine and click "Apply For A Loan" located in the Services section of the online home page.

Apply Online               Apply As Guest

Open An Additional Account

If you are a current member of SMCU, opening additional accounts is easy. Just log into SMCU OnLine and click "Open an Additional Account" located in the Services section of the online home page.

Open Another Account Through SMCU OnLine               Open Another Account as a Guest

Security Lock SMCU OnLine Login
Apply Now

Continue an Existing Application
Get a Custom Rate Quote

Questions?
Call (650) 363-1799 (Option #1)
Email: reloanofficers@smcu.org

Book an appointment with one of our home loan experts.

Contact Me!

Fill out the request form and an SMCU mortgage expert will contact you.

Request Contact

Time to Refinance?

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Mortgage Experts

Meet the SMCU team

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Mortgage Seminars

Free education from SMCU

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Home Equity Loans and Lines

Find a rate, term, and type that works for you.

SMCU’s rates for home equity loans and lines of credit are simple and straightforward.

Apply Now or Get a Custom Rate Quote

Home Equity Loan
Amount Term Rate APR1 Payment per $1000
$25,000 - $300,000 5 years 4.00% 4.00% $4.77
$25,000 - $300,000 10 years 5.00% 5.00% $5.37
$25,000 - $300,000 15 years 5.50% 5.50% $5.68
Effective Date: December 13th, 2017
Home Equity Line of Credit
Amount Loan to Value APR2
$25,000 - $400,000 80% 4.25%
Effective Date: December 13th, 2017

Apply Now or Get a Custom Rate Quote

  1. Consult your tax advisor.
  2. APR = Annual Percentage Rate. Rates and terms shown are accurate as of December 13th, 2017, and apply to a Home Equity Loan for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Loans are only available in California on owner occupied and vacation or second homes.
  1. APR = Annual Percentage Rate. Rates and terms shown are accurate as of December 13th, 2017, and apply to a Home Equity Line for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Lines of Credit are only available in California on owner occupied and vacation or second homes.

    The minimum periodic payment for line of credit is interest-only for the first ten years ('draw period') followed by fully-amortizing payments to repay the balance over the final fifteen years. No draws will be allowed during the repayment period. Payments and rate can adjust monthly. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest.

    Line of credit rate is calculated using an index plus a margin. The index used is the Prime Rate as published in the Wall Street Journal Western Edition on the last business day of the month prior to the change. The current prime index is 4.250. The minimum credit line amount is $25,000 and the maximum is $400,000. SMCU will pay customary closing costs on lines up to $100,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $100,000 and any escrow fees resulting from changes to title. Closing costs are $1,295 for lines above $100k. Borrower may be required to pay a notary fee of approximately $150 to execute the loan documents.

Make the most of your home.

With property values on the rise, many homeowners are using their equity to pay for life’s larger expenses – most commonly those that increase the value of their homes.

With a home equity loan or home equity line of credit (HELOC), you can repair, remodel, or add a new room to your home, or use the money for college expenses or to consolidate higher-interest debt. In many cases, the interest you pay will be tax-deductible.1

Which is right for you: a fixed-term loan or open line of credit? Take a look at the chart and be sure to contact an SMCU mortgage expert to go over your options.

Apply Now

  Home Equity Loan Home Equity Line of Credit (HELOC)
Why choose this loan type? You have a specific amount you know you want to spend and you prefer a traditional loan structure that provides a fixed monthly payment to pay off the entire amount over a set length of time. You aren’t sure how much you’ll need and when, or you simply want to have a safety net for unexpected expenses. A line of credit provides that flexibility and the opportunity to make interest-only payments for the first 15 years.
Rate and monthly payment

View home equity rates >

Rate and monthly payment are fixed and do not change throughout the life of the loan.

Rates currently start as low as 4.00% APR2 for the 5-year term.

Rate may increase or decrease when the Prime Rate changes. The monthly payment will depend on your balance.

Rates currently start as low as 4.25% APR.3

Maximum rate changes Rate does not change Rate may increase or decrease when the Prime Rate changes, but it will not go below 4.25% APR.
Available loan options Amounts from $25,000 - $300,000 in three available terms:
  • 5-year
  • 10-year
  • 15-year
Amounts from $25,000 - $400,000 with a variable-rate draw period of 10 years with interest-only payments, followed by a fixed-rate repayment term of 15 years for any remaining balance.
Appraisal and closing costs An appraisal fee will apply to all loans over $150,000 and loans in first lien position. An appraisal fee will apply to all loans over $150,000 and loans in first lien position.

Apply Now

You don’t need to already be a member to apply; you’ll become one during the process!

  1. Consult your tax advisor.
  2. APR = Annual Percentage Rate. Rates and terms shown are accurate as of December 13th, 2017, and apply to a Home Equity Loan for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Loans are only available in California on owner occupied and vacation or second homes.
  1. APR = Annual Percentage Rate. Rates and terms shown are accurate as of December 13th, 2017, and apply to a Home Equity Line for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Lines of Credit are only available in California on owner occupied and vacation or second homes.

    The minimum periodic payment for line of credit is interest-only for the first ten years ('draw period') followed by fully-amortizing payments to repay the balance over the final fifteen years. No draws will be allowed during the repayment period. Payments and rate can adjust monthly. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest.

    Line of credit rate is calculated using an index plus a margin. The index used is the Prime Rate as published in the Wall Street Journal Western Edition on the last business day of the month prior to the change. The current prime index is 4.250. The minimum credit line amount is $25,000 and the maximum is $400,000. SMCU will pay customary closing costs on lines up to $100,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $100,000 and any escrow fees resulting from changes to title. Closing costs are $1,295 for lines above $100k. Borrower may be required to pay a notary fee of approximately $150 to execute the loan documents.
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