No. All HELOC Loans have a variable rate.
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Home improvements or remodels
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Debt consolidation
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Emergency expenses
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Weddings
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Medical expenses
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Work or school expenses
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Borrow up to 90% of your primary or secondary home’s value or 65% of an investment property's value, minus any outstanding mortgage balances1
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Avoid complicated rate buy-downs or discount points2
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No application, credit report, or origination fees2
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An in-branch closing option is available3
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Get advances via the SECU Mobile App, online through Member Access, at your local branch, or by contacting Member Services Support at (888) 732-8562
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Request advances any time throughout the 15-year draw period4
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Use as a protecting account for your SECU Checking Account through our Overdraft Transfer Service5
Estimated available equity7
Understand your payment schedule
Your minimum payment is based on the APR, loan balance,9 billing frequency, and repayment plan.
Standard repayment per $1,000 borrowed10
APR | Monthly | Semi-monthly / Bi-weekly |
---|---|---|
Up to 12% | $12 | $6 |
12.25% - 15.00% | $14 | $7 |
Frequently asked questions about HELOCs
To be eligible for a HELOC, properties must be located in North Carolina, South Carolina, Virginia, or Georgia.
Your rate is subject to change quarterly (four times per year). The maximum quarterly rate adjustment is 0.50%. The minimum APR is 2.75%, and the maximum rate will be the beginning rate plus 5% or 12.75% APR, whichever is higher. Your rate will never be more than 18% APR.
PMI does not apply to SECU HELOCs. However, all properties securing HELOCs must have homeowners insurance.