MORTGAGES
HOME EQUITY LINE OF CREDIT
Access your home’s equity to turn your financial goals into reality.
A FLEXIBLE WAY TO HELP YOU PAY FOR MAJOR EXPENSES
A Home Equity Line of Credit (HELOC) is an open line of credit, featuring a variable rate, that you can tap into as you need it. It’s a budget-friendly option for covering costs, such as:
- Home repair or improvement projects.
- Debt consolidation (including high interest credit cards).
- College tuition or other ongoing expenses over time.
- A dream vacation.
- And much more!
HOME EQUITY LINE OF CREDIT FAQs
Yes. A General Membership gives you access to loan options, as well as Savings, Checking, and so much more.
The Silver State Schools Credit Union service area is the entire state of Nevada. While our core membership is comprised of those involved in the educational industry, such as employees, volunteers, students and parents of students, anyone can become a member. Learn more about how to qualify for a Silver State Schools Credit Union membership.
EXPLORE OUR MORTGAGE OPTIONS
Home Equity Loan
Perfect for larger expenses that require a one-time lump sum payment such as remodeling your home or consolidating debts into one easy payment.
Equity Accelerator
Maximize your wealth building and financial goals with our equity accelerator program.
Conventional Home Loans
We offer fixed-rate and affordable-rate mortgages for primary residences, second homes, and investment properties.
SET YOURSELF UP FOR FINANCIAL SUCCESS
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How to Prepare for College Life
Practical advice on how to manage your money during college so you can enjoy this new adventure!
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Key strategies to get yourself on the path to financial freedom.
*APR = Annual Percentage Rate. 2Advertised “as low as” APR assumes excellent credit history and 80% Loan-to-Value. Special Rates for up to 90% Loan to Value are also available. The Annual Percentage Rate may vary. All loans are subject to credit approval, verification, and collateral evaluation. Loan requests above $100,000 require an appraisal. The appraisal fee can range between $600 – $750. Rates, terms, and conditions are subject to change without notice and can end at any time. Not valid for refinancing of existing SSSCU 1st and 2nd mortgages. Property Insurance Required. Other restrictions, qualifications, and fees may apply. As of September 30th, 2024, the Annual Percentage Rate of 7.75% assumes the use of the “as low as rate” for a loan with 80% Loan-to-Value. The rate may vary quarterly and will be equal to the Prime Rate as published at www.bankrate.com as the WSJ Prime Rate (“Index”), plus the margin. Increases in the Interest Rate will result in like increases in the Finance Charge and will affect the amount of your scheduled payments during the draw period and the repayment period. The maximum APR will not exceed 18.00%. Consult a tax advisor for deductibility of interest. 1The Introductory Rate will expire twelve (12) months from the open date. Minimum advance or balance transfer of $10,000 required on the day of opening. The minimum amount of subsequent advance is $500.00. 3Following the expiration of the Introductory APR, your plan will be subject to a Variable Rate. Subsequent advances/balance transfers not subject to the Introductory Rate will be subject to a Variable Rate and the Annual Percentage Rate can change as a result, as outlined per the terms of the Home Equity Line of Credit Agreement (corresponding to the periodic rate). The interest rate varies depending on your credit qualifications and the Loan-to-Value of your home. Must be a Silver State Schools Credit Union (SSSCU) member to borrow.
Silver State Schools Credit Union (NMLS ID#382004) is located at 630 Trade Center Drive, Las Vegas, NV 89119 and can be contacted at 702.733.8820. Our mortgage loan origination officers are all licensed through the National Mortgage Licensing System (NMLS).
Actual rate depends on credit score, term, LTV and amount of loan. All loans subject to credit approval, verification, and collateral evaluation. Rates, terms, and conditions are subject to change.
Membership eligibility is required. Must be a Silver State Schools Credit Union member to borrow. Membership at SSSCU requires a savings account with a minimum balance.
