Home Equity Loans and Home Equity Lines of Credit
Unlock the equity you’ve built in your home and let it work for you!
Choose the Loan That’s Right for You
There are distinct differences between a Home Equity Loan and a Home Equity Line of Credit (HELOC). Understanding the features of each will help you make an educated decision.
Home Equity Loan
A Home Equity Loan has a fixed rate, as low as 5.99% APR1 and the funds are disbursed in one lump sum with flexible repayment terms of up to 20 years.
- LTV up to 90%
- A 0.25% rate discount** with automatic payment transfer from your Sun East Checking Account
- Interest may be tax deductible2
Home Equity Line of Credit
A HELOC has a six-month, low introductory rate and a go-to variable rate that allows you to use the equity in your home on an as-needed basis. You can draw on the line, much like a credit card, at your own pace.
- 4.99% APR3 introductory fixed rate for the first 6 months
- LTV up to 90%
- Terms up to 20 years
- Interest may be tax deductible2
- Unlimited number of draws
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The process was quick and easy. Everyone involved in the process was very helpful and knowledgeable.
Quianna S.
Did you know you can leverage a HELOC to manage your debt?
Meet Kathleen, a member of Sun East. When asked, “How are you?” by Ash at our Springfield Branch, Kathleen replied with “You don’t want to know.” The two started talking an Ash quickly learned how piling bills was impacting Kathleen’s life and he set a solution in motion to get Kathleen a HELOC to consolidate her debt.
At Sun East, we’re here to help you find smart financial solutions tailored to your needs.
At Sun East, we’re here to help you find smart financial solutions tailored to your needs. Discover how leveraging a HELOC can help you achieve financial stability today!
What Should You Know About Home Equity Lines of Credit
If you’re looking to access credit, a Home Equity Loan or Home Equity Line of Credit (HELOC) could be a great option. Before deciding, it’s important to carefully evaluate the costs and benefits and choose the credit terms that best meet your borrowing needs while helping minimize financial risk.
At Sun East, qualified borrowers may borrow up to 90% of their home’s value, depending on creditworthiness.
Frequently Asked Questions from Home Equity Loan and HELOC Borrowers
Disclosures
1 APR as low as APR = Annual Percentage Rate; effective 09/18/2025 and subject to change without notice. The APR is a broader measure of the cost to you of borrowing the money. The APR reflects not only the interest rate, but also any points, fees paid at closing, and other charges that you have to pay to get the loan. For that reason, the APR is usually higher than the Interest Rate. Your final APR may vary based on your final loan amount and finance charges.
2Conditions and restrictions may apply; consult Tax Advisor for eligibility details. Sun East Federal Credit Union provides its members with affordable home financing options in accordance with the Federal Fair Housing Act and the Equal Credit Opportunity Act, and required state and federal guidelines. Sun East Federal Credit Union, NMLS#433893, is an equal opportunity lender. Limited time offer. All rates/terms subject to change without notice; other terms and conditions may apply. Call 877-5-SUNEAST x751 for details.
3APR = Annual Percentage Rate; effective 12/15/2025 and subject to change without notice. 4.99% APR intro rate for six months; after intro period, APR as low as 5.75%. Loan rates are determined by member’s creditworthiness as well as other factors including term of the loan, and lien position. Top tier rates listed are available to highly credit-qualified individuals.
** 0.25% discount for Automatic Payment Transfer from Sun East checking. If at any time, Automatic Payment Transfer is discontinued then rate discount will be discontinued.
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