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Great Introductory HELOC Rates

Mom and daughter playing and dancing.

It鈥檚 time your house paid you.

Open a new Home Equity Line of Credit (HELOC) and get an introductory rate of 2.99% APR for the first 12 months. Plus, pay no closing costs except appraisal if needed. After 12 months, your ongoing variable rate will apply, currently 3.99% – 6.25% APR.

Amount UsedSample Monthly Payment
$20,000$150
$30,000$225
$60,000$450

Get Started


* No closing costs except appraisal if needed. Estimated appraisal cost is $750. Your rate and credit limit will be determined based on individual creditworthiness. Verification of income may be required. Property insurance is required. If the property is located in a Special Flood Hazard Area we will require you to obtain flood insurance. A $345 early closure fee is applied if the loan is closed within the first 24 months. You must pay a Reconveyance Fee at the end of the contract in order to release our lien. This fee will be determined at the time of reconveyance. Maximum loan amount is determined by the amount of equity in your home, based on appraised value. The APR includes interest only and no other costs and is based on the value of an index (the Prime Rate published in the Wall Street Journal) and could change at any time. The minimum APR is 3.99% and the maximum APR is 18%. Sound will use the most recent index available to us as of 5 days before the date of any change to the APR. To determine the APR which will apply to your account, a margin will be added to your current index rate. Loan rates apply to new loans or loans from other financial institutions and are not intended for refinancing of existing Sound Credit Union loans. Most home equity loans qualify for tax deductible interest. Consult your tax advisor for details. Borrow up to 90% of appraised value for Home Equity Line of Credit. 2.99% introductory APR available for 12 months after the loan is funded. At the beginning of the thirteenth month, your regular rate will go into effect. Minimum monthly payment may change as a result of rate changes. Offer subject to change at any time. Introductory rate offer valid through December 31, 2020.

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