Home Equity Options
Make your home’s equity work for you with one of our lending solutions.
Home equity is a resource that can be tapped into and repurposed for many things, from debt consolidation and home repairs to dream weddings and family vacations.
You can achieve any of your goals using a variety of options from San Francisco Federal Credit Union.
What to Know Before Taking Out a Home Renovation Loan
Home Equity Line Of Credit (HELOC)
A home equity line of credit (HELOC) is a revolving credit line that can be used for many purposes. Over a 10-year draw period, you can withdraw funds directly proportionate to your home’s maximum equity value. Once the borrowed funds are paid back, they are available to be used again.
Some features of HELOC loans include:
- Up up to 70% LTV of home equity
- Competitive variable rates
- 10-year withdrawal & 20-year repayment plans
- Online, mobile, and in-person banking
- Complete servicing from San Francisco Federal Credit Union
Home Equity Loan
Unlike HELOCs, home equity loans are financing options that do not revolve every month. The dollar value of the loan is determined by estimating the difference between what’s left of your mortgage and the current value of your home.You are not required to borrow the full amount, but can instead borrow only what you need.
Some features of home equity loans include:
- Can be used to pay for large expenses and life’s milestones
- Ability to borrow lump-sums
- Flexible repayment terms
- Fixed, secure and predictable rates
- Only borrow what you need
- Competitive APR rates
I have done 2 HELOC loans with SF Fed CU. They were great to work with:
professional, responsive and thorough. I would recommend them to anyone.
I am very happy with the process.
William F.


Home Equity Options FAQ
Q: What factors determine my home equity rates?
A: Any home equity loan or line of credit (HELOC) rate will be determined based on a few factors. Your debt-to-income ratio, credit score and repayment history go into this calculation.
Q: How much money can I borrow?
A: Home equity loans are determined by subtracting the amount you owe on your home from the value of the house. In contrast, HELOC rates are determined by your monthly income, debt and related financial factors (as well as home equity). Both of these home equity options rely heavily on the loan to value ratio (LTV) of your home.
Q: When would I use a HELOC vs. a home equity loan?
A: The most important difference between a home equity line of credit (HELOC) and a home equity loan is found in the retrieval method. HELOCs are revolving credit lines that enable small sums to be withdrawn and repaid over time. Home equity loans are lump sum options that pay for one-time purchases.
Find Your Key To Success With Flexible Home Equity Options
Tapping into your home equity enables you to live life your way. Allow the crew at San Francisco Federal Credit Union to supply you with everything you need to succeed.
*APR=Annual Percentage Rate. Some restrictions may apply. All loans subject to credit approval. This loan is for primary residences only and the maximum combined loan-to-value ratio is 70%.