Unlock the Potential in Your Home with a Safe 1 Credit Union Home Equity Loan.
Your home is more than just a place to live – it can also be a powerful financial tool. At Safe 1 Credit Union, we’re proud to offer home equity loans and lines of credit that help you make the most of your investment. Whether you’re planning a kitchen remodel, covering college tuition, or consolidating high-interest debt, your home’s equity could be the key to affordable financing.
In this post, we’ll explore how Safe 1 Credit Union’s home equity solutions work, what makes them different, and why now might be the perfect time to put your equity to work.
What Is a Home Equity Loan?
A home equity loan allows you to borrow against the value of your home, minus any outstanding mortgage balance. It’s a smart, flexible way to access large sums of money, often with lower interest rates than credit cards or personal loans.
At Safe 1 Credit Union, we offer two powerful home equity loan options:
1. Home Equity Loan
This is a fixed-rate, closed-end loan. You receive a lump sum up front and pay it back over a set term – up to 20 years – with predictable monthly payments.
2. Home Equity Line of Credit (HELOC)
This is a revolving line of credit with a low variable interest rate, based upon the Prime Rate. Like a credit card, you can borrow as much as you need (up to your credit limit), repay it, and borrow again, making it perfect for ongoing expenses or projects.
Why Choose Safe 1 for Your Home Equity Loan?
When it comes to tapping into your home’s equity, not all lenders are created equal. At Safe 1 Credit Union, we offer:
- No Fees
- No Points
- Loan amounts starting at just $10,000
- Borrow up to 80% of your home’s appraised value (or even up to 100% depending upon loan type)
- Flexible repayment terms from 12 to 25 years, based upon your loan selection
- Quick turnaround as loans typically closes in as little as 15 business days
- Tax advantages as your loan interest may be tax deductible (be sure to consult your tax advisor)
We’re proud to serve homeowners in Kern, Tulare, Kings, and Fresno Counties, offering local expertise and a commitment to community-focused lending.
What Can You Use a Home Equity Loan For?
One of the greatest advantages of a home equity loan or HELOC is flexibility. The funds are yours to use as you see fit. Here are some of the most common (and smart) ways our members put their equity to work:
Home Improvements
Upgrade your kitchen, add a new bathroom, or install energy-efficient windows. Not only will you enjoy the benefits of a more comfortable space, you could also increase your home’s value.
Education Expenses
Whether it’s tuition for your child or going back to school yourself, investing in education can pay dividends for years to come.
Major Purchases
Need a new car, RV, or even new appliances? A home equity loan often has better rates than dealership financing or store credit.
Debt Consolidation
Tired of juggling multiple high-interest credit card payments? Consolidating your debt with a home equity loan can simplify your finances and potentially save you thousands in interest.
Big Life Events
From weddings to once-in-a-lifetime vacations, life is full of moments worth celebrating. A home equity loan can help you make those memories without draining your savings.
Is a Home Equity Loan Right for You?
Here are a few key questions to consider when deciding if a home equity loan or line of credit is right for you:
- Do you have significant equity in your home?
- Is your mortgage in good standing?
- Do you have a specific need or project that requires funding?
- Can you comfortably manage the monthly payments?
If you answered “yes” to most of these, a home equity solution from Safe 1 might be just what you need.
Special Notes and Requirements
To qualify for a Safe 1 Credit Union home equity loan or HELOC, your property must be:
- An owner-occupied primary residence
- Less than five acres
- Located in Kern, Tulare, Kings, or Fresno County
Additionally, to qualify for the fee waiver, the initial disbursement must be at least $10,000, and the balance must not fall below $5,000 during the first three years.
And while our HELOC interest rate is variable, it’s designed with protection in mind, as:
- It cannot increase or decrease by more than 2.00% in any single year
- The maximum APR is capped at 15.00%
How to Get Started
Getting started is easy. If you’re ready to explore how your home’s equity can work for you, reach out to our friendly Home Loan Department. We’ll walk you through the options, explain the process, and help you choose the loan that best fits your needs and goals.
Have a question? Need help? Want more information?
Please call us at (877) 723-3128.
Monday – Thursday: 9:00 a.m. – 5:00 p.m.
Friday: 9:00 a.m. – 5:30 p.m.
You can also visit our Home Equity Loan page for current rates and more details.
Final Thoughts
At Safe 1 Credit Union, we believe in helping people turn their financial goals into reality. Whether it’s renovating your dream kitchen, sending a child to college, or simply reducing your monthly debt burden, a home equity loan or line of credit is one of the smartest ways to borrow.
Let’s work together to unlock the full potential of your home – safely, affordably, and with the trusted guidance you expect from your local credit union.
Ready to get started? Contact Safe 1 Credit Union today and discover what your home can do for you.