More Than Just a Roof Over Your Head

Put your home’s equity to work for you with a Home Equity Line-of-Credit (HELOC) or Home Equity Loan from Suffolk Federal, your local credit union. Use your home equity loan or line to consolidate bills, make home improvements, pay for college, and even buy a new car or fund a vacation, all through easy, affordable payments.

Not sure how much of a monthly payment you can afford? Our Home Equity Loan Calculator and Home Equity Line-of-Credit Calculator eliminate the guesswork!

Our Fixed Home Equity Loan and Fixed Home Equity First Mortgage offer:

  • Repayment terms up to 20 years.…*
  • Minimum loan amounts of $20,000.
  • Low rates.
  • Potentially tax deductible interest (consult a tax advisor).
  • No closing costs up to $150,000.†
  • Ability to borrow up to 80% of your home’s appraised value less your outstanding mortgage with the fixed rate home equity loan—or up to 80% of its appraised value with a fixed home equity first mortgage.
  • Loan Payment Protection.

Apply for a Home Equity Loan Now!

Our Home Equity Line-of-Credit offers:

  • Repayment term up to 20 years….*
  • Minimum line-of-credit of $20,000.
  • Maximum line-of-credit of $417,000.
  • Low rates.
  • Potentially tax deductible interest (consult a tax advisor).
  • Advance options available.
  • Ability to borrow up to 80% of appraised value less your outstanding mortgage with an introductory rate as low as 2.74% APR‡ thereafter as low as 4.25% with a HELOC.

Apply for a Home Equity Line-of-Credit Now!

Making your home work for you? We see it too.

Prefer to speak to a person about your home equity loan or line-of-credit? Contact us or visit your local branch.

*APR = Annual Percentage Rate. Rates reflect automatic payment. Rates and terms are subject to change without notice. Applicants who are not approved at these rates may be offered credit at a higher rate. Rates will be 3.00% higher for Non-Primary Fixed Home Equity Loans. Minimum loan amount of $20,000. Maximum loan amount is $417,000. All loans are subject to credit approval and income verification. Available for primary and secondary residences excluding mobile homes, boats, co-ops, homes for sale. Payments do not include taxes or required insurance. Filing fees dependent on amount borrowed. Appraisal and title search may be required. Title insurance on loans over $200,000 will be ordered. Please speak to a Suffolk Federal representative for additional information, applicable fees and terms.

†Suffolk Federal will pay closing costs, except the appraisal fee, on loan/line amounts up to $150,000 on properties in New York State only. If you pay off and close your loan less than three years from loan origination date, you will be required to reimburse all closing costs paid by Suffolk Federal. For loan/line amounts up to $150,000, closing costs are estimated to be between $400 and $1,800. Estimate is based on Suffolk County, other counties may have different estimates. Available on 1- to 4-family primary or secondary residences, excluding mobile homes, co-ops and homes for sale, under construction or on leased land. Hazard insurance is required. Please speak to a Suffolk Federal representative for additional information, applicable fees and terms. Rate index is the Prime Rate as published in the Wall Street Journal. The floor rate is 3.00% APR. Rate not to exceed maximum legal limit for Federal Credit Unions (currently 18%). The Home Equity Line-of-Credit is a variable rate loan and the APR may change monthly after consummation.

‡Introductory rate as low as 2.74% good for 24 months from origination date. Introductory APR is based on your creditworthiness and will range from 2.74%APR to 5.74%APR thereafter as low as 4.25%. Effective 24 months from origination date, APR is based on the Prime Rate as published in the Wall Street Journal plus a margin which is determined by your creditworthiness. The minimum rate is 3.00%APR and the maximum rate is 18.00% APR. The HELOC is a variable rate loan. After 24 month introductory period, the APR may change monthly. Making minimum payments only may result in a balloon payment. Rates will be 3.00% higher for Non-Primary Home Equity Line-of-Credit loans. Minimum loan amount is $20,000. Maximum loan amount is $417,000. The length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw period ends. Monthly payments required during both the draw and repayment periods. Payment calculation is based on 20 year amortization. Hazard insurance is required. Available on 1- to 4-family primary or secondary residences, excluding mobile homes, co-ops and homes for sale, under construction or on leased land. Applicants who are not approved at these rates may be offered credit at a higher rate. All loans are subject to credit approval and income verification. All rates and terms are subject to change without notice. Please see a Suffolk Federal representative for additional information, applicable fees and terms.