Real Estate Loans

Home Equity Loans - "Where Seconds come in First!"

What are "Seconds"?

Seconds are second mortgages, second deeds of trust loans, or they can also be known as Equity Loans. These synonymous terms describe loans in addition to a first mortgage. Equity loans, as we like to call them, are based on the equity of your home (the difference between the current value of your home and your existing mortgage balance). For example, if your home is valued at $300,000 and the mortgage balance is $200,000, your equity is $100,000. What's more, your interest may be tax deductible (please check with your tax advisor).

At Stanford FCU, you can cash out on your equity to pay any number of expenses. You can use your equity to purchase a car, pay for college tuition, take a vacation, even start a business! We have two types of equity loans:

Home Equity Line of Credit (HELOC)

  • Offers a low, adjustable interest rate.
  • Loans up to $250,000 and takes 5 years to repay.
  • Allows you to borrow up to 80% of the value of your property, less any other loans against the property. (Larger lines and percentages are available. Please call (650) 723-2509 for details.)

Second Trust Deed Loan

  • Offers a low, fixed interest rate.
  • Loans up to $250,000 and takes 15 years to repay.
  • Allows you to borrow up to 80% of the value of your property, less any other loans against the property.

Note: Member pays title and escrow costs. SFCU finances in California only. All terms subject to change without prior notice.

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