Rates subject to change without notice. Credit restrictions apply. Rates effective as of 10/01/26.
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Home Equity Loan Rates
Rates listed required one of the following (otherwise add 0.25%): A SECNY Checking Account with Direct Deposit & Automatic Payments OR you are a Save2Earn Account Holder. Funds advanced from a Home Equity Line of Credit with SECNY cannot be used to open a Certificate of Deposit at SECNY.
| Rate as Low As | Available Terms |
|---|---|
| 1.55%* | 180 Mos. |
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*Introductory Rate (in effect for 1st year) 10 Year Draw Period with 15 Year Repayment Term. Regular Rate is variable based on Prime Rate (as published in the Wall Street Journal). Current Prime Rate is 7.00%. Rate subject to change annually on the anniversary date of the loan.
Primary Residence Only, 1st or 2nd Lien Only, Loans from $10,000 to $150,000**
Maximum loan amount not to exceed 90% of appraised value
No Closing Costs***-$300.00 Application Fee (refunded at closing).
**See Ellen for loan requests above $150,000
***All fees paid in conjunction with the loan are subject to recapture if the loan is closed within three years.
Take an additional 0.25% OFF Home Equity Loan rates listed with one of the following (maximum discount 0.25%):
- You have a SECNY Checking Account w/Direct Deposit & Automatic Payment OR
- You are a Save2Earn Account Holder
*Rate discount excludes Mortgage Loans, Share Secured Loans, Credit Cards and Lines of Credit Loans.
| Rate as Low as | Available Terms |
|---|---|
| 5.50% | 1-5 Years |
| 6.00% | 7 Years |
| 6.00% | 10 Years |
| 6.50% | 15 Years |
Primary Residence Only - 1st or 2nd Lien Only
Loans from $10,000 to $150,000*
Maximum loan amount not to exceed 90% of appraised value
No Closing Costs**-$300.00 due at application and refunded at closing
*See Ellen for loan requests above $150,000
**All fees paid in conjunction with the loan are subject to recapture if the loan is closed within three years.
| Rate as Low As | Available Terms |
|---|---|
| 8.50% | 1-5 Years |
| 9.00% | 7 Years |
| 9.50% | 10 Years |
| 9.75% |
15 Years |
Owner Occupied - 1st or 2nd Lien Only. Loans from $10,000-$150,000
Maximum loan amount not to exceed 75% of appraised value
No Closing Costs-All fees paid in conjunction with the loan are subject to recapture if the loan is closed within three years.
$300.00 Application Fee (refunded at closing).
| Rate as Low As | Available Terms |
|---|---|
| 5.50% | Up to 36 months |
| 6.00% | 48 - 60 months |
| 6.50% | 72 - 84 months |
| 7.00% | 96 months |
| 7.25% | 120 months |
Maximum $50,000. Copy of deed required. Work Estimate.
UCC1 Filed - FEE WAIVED as GREEN ADVANTAGE
Maximum two loan recalculations done when State and Federal rebates applied to principal as a GREEN ADVANTAGE* See Loan officer for more details.
| Rate as Low As | Available Terms |
|---|---|
| 8.00% | 1 - 12 months |
| 8.00% | 24 months |
| 8.00% | 36 months |
| 8.25% | 48 months |
| 8.25% | 60 months |
| 8.50% | 72 months |
| 8.50% | 84 months |
Maximum $40,000. Copy of deed required. Work Estimate. UCC1 Filed.
Why Choose SECNY for Home Equity Loan Rates?
At SECNY, our home equity loan rates are built to put more money back in your pocket. As a member-owned credit union, we pass our savings directly to you through lower rates and no closing costs* on home equity loans and HELOCs. Whether you need a fixed-rate home equity loan for a specific project or the flexible access of a home equity line of credit, our home equity rates are designed to keep your monthly payments manageable while helping you reach your financial goals.
Members who maintain a SECNY Checking Account with eStatements or hold a Save2Earn Account enjoy our best published home equity loan rates. That means the accounts you already use every day could qualify you for additional savings on your home equity financing.
Home Equity Loan Rates vs. HELOC Rates
Choosing between a home equity loan and a HELOC often comes down to how you plan to use the funds and which rate structure works best for your household budget. Our home equity loan rates are fixed for the life of the loan, so your payment stays the same from the first month to the last. Our HELOC rates start with a low introductory rate for the first year, then adjust annually based on the Wall Street Journal Prime Rate.
Reviewing both options side by side on this page can help you determine which rate and repayment structure aligns with your plans.
Apply for a HELOC or Home Equity Loan Online
How to Apply for a Home Equity Loan or HELOC
Ready to take advantage of our current home equity loan rates? Getting started is simple. Apply online through our secure loan application, give us a call at (315) 469-5599, or visit one of our convenient branch locations across Central New York.
Apply Online for a Home Equity Loan
*All fees paid in conjunction with the loan are subject to recapture if the loan is closed within three years.
Not a member?
All eligible borrowers will need to become a member of the credit union and open their membership account prior to or at time of application. View membership eligibility.
*“As low as” rate expressed for 30-year fixed/biweekly mortgage loans and may vary based on credit qualifications and term. Subject to change without notice. Contact Mortgage Department for current rates and details.
