Pay for home renovations or higher education. Take the trip of a lifetime, replace ancient appliances or cover emergency medical bills. With an affordable Home Equity Line of Credit, you can quickly tap into a loan fund and cover any kind of financial need.
- Credit limit based on available equity in your home
- Variable interest rate based on Prime Rate
- One easy application provides repeated access to funds
- Fast access to funds through checks, online and mobile banking, and at Scient branches
- No closing costs*
- No annual fees
- Interest-only minimum payments during draw period
- Up to 100% total loan-to-value
- Minimum loan amount of $10,000
- No pre-payment penalty
*Fees and charges may apply. Such as an appraisal fee of $485 for loan amounts over $250,000 and any recording tax if applicable by state and is charged by the county recording the mortgage. A membership fee of a minimum of $5.00 is also applicable if not already a member of Scient. HELOC is a variable rate loan based on Prime Rate. The current Prime rate as of May 5, 2022 is 4.00%. The loan rate is will never go below 3.00% and never go above 18%.
Scient FCU is a full-service credit union with branches in Groton and New Haven Connecticut.
Save more, buy a home, pay off a loan and more with the help of our financial calculators.
Explore articles about timely topics and personal finances, from spending and saving to borrowing money.
Get personalized product, service and resource recommendations based on your unique goals and life stage.
* Fees and charges may apply.