HOME EQUITY LINES OF CREDIT

*APR is Annual Percentage Rate. The variable rate APR on home equity lines of credit may vary quarterly based on the latest U.S. Prime Rate as published in the Wall Street Journal plus an as-low-as margin of 0.75% APR (the Prime Rate is 7.50% as of December 15th, 2022) for those account holders whose total mortgage loans, including your SF Fire Credit Union Home Equity Line of Credit, do not exceed 80% of the value of your 1-4 family owner-occupied primary residential property in CA. The variable rate APR for account holders whose total mortgage loans, including your SF Fire Credit Union Home Equity Line of Credit  are greater than 80% but do not exceed 85% of the value of your 1-4 family owner-occupied primary residential property in CA will be the prime rate plus an as-low-as margin of 1.75% APR.

The Minimum Home Equity Credit Line is $20,000. A $250 Application Fee and $170 Notary Fee will be assessed at the time of closing. An appraisal fee and other closing costs including title, escrow, and recording fees will be assessed on credit requests of more than $250,000. These charges are estimated to range from $1,900 to $3,300. There is no annual fee. Borrower agrees to reimburse the credit union with a $300 early termination fee if the account is closed within 2 years. Borrower must pay mortgage reconveyance fees at loan termination. Property insurance is required and flood insurance may be required. Rates and terms are subject to change. 

SF Fire Credit Union reserves the right to approve or decline member credit applications based on the following conditions: Member must be the owner of primary residential real estate property located in CA in which you live, member and co-applicant must have a verifiable income and must meet our standard credit items and policies.

Member must be at least 18 years of age. 

Terms and conditions are subject to change. Income restrictions and additional conditions may apply.

**Please consult a tax advisor about your specific tax situation.