Home Equity Loans
Unlock your dreams.
When it comes to getting what you want in life, your home equity is probably your most valuable financial asset—and you may have more of it than you think. Our low-cost home equity loans can help you convert your asset into a line of credit you can draw upon to make your goals a reality. SELCO’s home equity loans let you:
Access your money when you need it.
With your Home Equity Visa® Gold card, you’ll have easy access to up to 95% of your home’s equity. Plus, as you make payments, the money becomes available to draw again so you can keep your home improvement project moving forward.
Get the best of both worlds.
Enjoy all the options of a line of credit and a home equity loan combined. Lock portions of your credit line into a fixed interest rate with terms from 5 to 20 years, or take advantage of today’s low rates with a 20-year variable rate loan. Your interest paid may even be tax deductible—check with your tax advisor.
Protect your credit.
Ask how our Certified Life & Disability insurance can help you make your loan payments in the event of illness or disability.
Special 2.99% APR* Now Available!
Lock in a 2.99% APR* for five years with SELCO’s Home Equity Conversion Loan special. Terms, qualifications, and conditions apply; contact us for more information or apply now!
Ready to get started?
Applying for a SELCO home equity loan is easy!
*Membership requirements apply. Qualified borrowers only. Existing SELCO debt is not eligible. Offer valid for 60 days after loan opening only. Promotional 5 year, 2.99% Annual Percentage Rate applicable to initial advance with automatic payments and a minimum loan amount of $5,000 only. Standard rates apply to future advances and are based on credit qualifications and the property’s loan-to-value ratio. Variable rates range from 3.75% – 9.00% over prime, with a maximum 18.00% APR. Closing costs from $0 to $1400. $45 Annual fee. Initial fixed rate advance conversion fee is waived. Standard fees apply to future fixed rate conversions. Property insurance required. Offer subject to change at any time, without notice. See SELCO for details. NMLS# 402847.