Home Equity Loan

Leveraging home equity to your advantage

Home equity loans, also known as second mortgages or second deeds of trust loans, are used to describe loans in addition to a first mortgage. They are based on the current value of your home versus your existing mortgage balance.  You may borrow up to 80% of your equity.

For example:

Home is valued at $700,000
Mortgage balance is $500,000
Equity is $60,000

You could apply to borrow up to $60,000, which is 80% of the combined loan-to-value in the example above. 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 for any number of expenses — remodel your kitchen or bathroom, a car, college tuition, a vacation, even starting your own business! And since we’re a not-for-profit, you’ll have no points, no annual fees and no prepayment penalty. Stanford FCU’s home equity loans get you the money you need to live your life without the extra fees or high-interest rates you’ll find at banks.


Stanford FCU offers two types of Home Equity Loans:

Home Equity Line of Credit (HELOC)

  • Offers a low, adjustable interest rate.
  • Loans up to $250,000.
  • 10-year draw period and 10-year repayment period.
  • Interest only payments during initial 10-year draw period.
  • NO points, NO annual fee, NO prepayment penalty.
  • Allows you to borrow up to 80% of the value of your property, less any other loans against the property.
  • California owner-occupied and second-home properties only.

Second Trust Deed Loan

  • Offers a low, fixed interest rate.
  • Loans up to $250,000 and take up to 20 years to repay.
  • Allows you to borrow up to 80% of the value of your property, less any other loans against the property.
  • California owner-occupied and second-home properties only.


The loan rate is one of the most important factors in buying a property. Besides the amount of the loan, the factor that most affects the affordability of your loan is the interest rate you pay on your loan. Your monthly payment includes: (1) the interest you owe on your outstanding loan balance and (2) a portion of the principal itself, which reduces the remaining loan balance. The lower the interest rate, the lower your monthly payment. Consider that a one-percentage point difference in rates can translate to a 10% difference in the monthly payment. Since rates fluctuate daily depending on many economic factors, we encourage you to check rates frequently, to determine how much you can afford.


Click here to see our current rates.


First-time homebuyer? Download SFCU’s free Home Buyer’s Guide

Home Buying Guide


Home Buying Seminar
Home Buying Seminar


Stanford FCU Home Loan Team

Buying a home is one of the most important financial commitments you will ever make. Getting your home loan from someone you can trust is equally important. Stanford FCU has over 100 years of combined real estate lending knowledge and experience. Our in-house home loan experts are among the best in the industry. So, whatever your situation, chances are we’ve helped someone with a very similar situation before.

We are also unique in our ability to serve members’ needs. We’re large enough to provide expertise and a wide variety of loan programs, yet small enough to offer personalized service and cater to the most unique situations.

Home Loan Team Olivia Jaimez Parada, Home Equity Lending Specialist
NMLS #1579344
650.842.6083 /
Susan Nilipour Motta, Home Equity Lending Specialist
NMLS #1401459
650.388.9724 /

Membership Rewards

As a true not-for-profit financial cooperative, the more our member-owners use the services of their credit union, the stronger we become—and the more low cost services we can provide. That’s the basis of our Membership Rewards program—the more services you use, the more benefits you’ll receive! Whether you are a borrower, saver or both, you will receive extra benefits when you take advantage of the many great products and services at Stanford FCU. Move all of your financial services to Stanford FCU and easily reach the highest level of Membership Rewards. It’s easy to switch and we can help!

You’ll enjoy exclusive benefits like bonus deposit yields and loan rate discounts, unlimited surcharge-FREE ATMs worldwide and more based on your Membership Rewards level—so why stand for anything less? Make the most out of your banking experience with Membership Rewards.

Partner Ambassador
FREE Access to ATMs Worldwide Surcharge reimbursements for ATMS outside our ATM networks* Yes, 3 per month Yes, unlimited*
FREE access 30,000 CO-OP ATMs and 6,000 CO-OP Shared Branches Yes Yes
Certificate Bonus Rate Yes Yes
Money Market Account Bonus Rates No Yes
Premier Checking Bonus Rate No Yes
Discount on Auto Loan Rate 0.50% APR Discount 1.00% APR Discount
Stanford FCU Mortgage Fees Waived** No Yes
Fee Refunds:
Below Minimum Balance Fees 50% 100%
Stop Payment Fee 50% 100%
Outgoing Wire Fees 50% 100%
Select Service Charges 50% 100%

Learn more about
Membership Rewards

* Maximum ATM surcharge reimbursement is $5 per ATM transaction. ** Third-party fees still apply.


All loans are subject to verification of equity. Limited to owner occupied one- or two-unit properties located in California. Other restrictions on property may apply. Member pays title and escrow costs. Property insurance required. Flood insurance may be required. Maximum financing may be reduced in areas where properties are in declining market. Rates and terms are subject to change without notice.  Additional terms and conditions may apply.  Lifetime Maximum APR is 15%. See HELOC disclosure for full details.  Please contact a loan officer for more details.


All members are required to have a $5 membership share balance in any of the following accounts: Checking Account, Savings Account, Money Management Account, Share Certificate or Individual Retirement Account.
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