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SAFE HELOC Special

Equity Loans

Intro HELOC rate for 6 months

Your home, inspired by you.

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Bring your vision to life with your home equity

Your home’s equity can be a powerful financial tool. SAFE’s Home Equity Line of Credit (HELOC) and Home Equity Loan offer competitive rates and flexible borrowing options, helping you fund home improvements, major purchases, or even consolidate debt. Since these are secured loans, they typically offer lower rates than personal loans and won’t affect your primary mortgage rate. While both options tap into your home’s equity, they work in different ways. Understanding the differences can help you choose the right fit for your needs.

Home Equity Line of Credit

Intro rate as low as
  APR
for six months

Variable rate as low as
  APR
thereafter1

A HELOC offers you the freedom to tap into your home’s equity whenever you need it—think of it as a credit card with lower rates and more flexibility. During the draw period, you can borrow as needed up to your approved limit, and you have the option to make monthly interest-only payments on the amount you use.  While this option creates lower payments up front, interest-only payments will not reduce your loan balance. When the draw period ends, you’ll make payments on both principal and interest until the balance is paid off.

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Calculate your possible HELOC amount

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Home Equity Loan

Rates as low as
  APR

A Home Equity Loan provides you with a lump sum of money upfront, which you repay in fixed monthly installments over the life of the loan. With a fixed interest rate, your payments are predictable and remain the same for the duration of the loan term. This option offers consistency, providing a clear, structured repayment plan.

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Calculate your possible home equity amount

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Comparison at a Glance

Features of the loan
HELOC
Home Equity Loan
Loan Funding
You can draw funds as needed, up to a certain amount.
You receive a lump sum.
Terms
30-year payment period, made up of a 15-year draw period with interest-only payments, followed by a 15-year repayment period, which includes both interest and principal.1
Repayment periods offered up to 20 years. Minimum payments include both interest and principal.3
Rates
Rate is variable based on prime rate + margin.1
Rate is fixed for the life of the loan.
Borrowing Limits
Borrow up to 80% of your home's equity. See calculator for more personalized details.
Borrow up to $150,000. See calculator for more personalized details.
Closing Costs
Waived.2
Waived.3
Annual Fee
None.1
Not applicable.

Your Home, Your Loan. Key Reasons to Consider Each.

HELOC

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Finance home upgrades, on your terms.

  • Borrow as needed to fund ongoing or phased home improvement projects.
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Access funds when you need them.

  • Withdraw from your credit line as unexpected or emergency expenses come up.
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Adapt to life’s changes.

  • Use your line of credit to cover costs for a growing family or make your home work for multigenerational living.
 

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Frequently Asked Questions

 

What is home equity?

Home equity is the present value of your home, minus what you owe on your mortgage. Industry standard requires 20% or more equity to borrow for an equity loan. If you have paid off 20% of your mortgage or if homes in your area have been selling for higher than asking, then you are likely in a good position to borrow for an equity loan.

What is a secured loan?

A secured loan is a loan that is protected by collateral. In this case, your home will act as the asset that will be used to back the loan.

How does a fixed interest rate differ from a variable rate?

A fixed interest rate is a rate that will not change over the term of the loan. A variable interest rate is a rate that moves up and down with the market.

What does line of credit mean?

A line of credit is the amount of credit extended to you, the borrower, by the lender. The total credit amount is available to you, but it’s not required that you use the entire line of credit. You can take out money against the line of credit, make payments, and then take out money again.

What’s a draw period vs. a repayment period?

A draw period is the duration of time you can withdraw funds from your line of credit as long as you make payments. A repayment period comes after the draw period ends.

1 Accurate as of : Six-Month Introductory Annual Percentage Rate (APR) is fixed for the first six (6) billing cycles. APR after introductory period will be based on your creditworthiness and will change to a variable rate of  -  APR, based on Prime Rate as published in the Wall Street Journal, currently at 7.50%, plus a margin of 0.00%-4.59%. APR will not exceed 15.00% for primary and secondary residences. Borrower has the option to make interest-only minimum monthly payments during draw period.  While this option creates lower payments up front, interest-only payments will not reduce the loan balance. Subject to credit approval, membership eligibility, acceptable lien position, and satisfactory property value. Property insurance is required and not included in the closing costs. Rates, terms and conditions subject to change.

2 If the line of credit is paid in full and closed within 3 years of the opening date, an early termination fee of $500 will be owed. Appraisal fee up to $900 may apply, fee is refundable at closing.

3 Payment on a   loan at 7.99% (7.99% APR) for 240 months is  . Payment does not include taxes and insurance premiums. Actual payment obligation will be greater. Up to 80% financing. All loans subject to credit approval and membership eligibility. APR accurate as of . Rates, terms, and conditions subject to change. Additional conditions apply.