Summit Credit Union of NC – Home Equity Loan Options
All branch offices will be closed Wednesday, July 4 in observance of Independence Day.

Home Equity Loan Options

A Home Equity Loan from your Credit Union can provide you with the cash you need for home improvements, college tuition, debt consolidation, or to take a much-needed vacation. Receive a lump sum of money with a Fixed-Rate Loan or borrow money as needed with a revolving Line of Credit.

Fixed-Rate Loans

  • Terms up to 10 years
  • No closing costs with minimum loan of $10,000
  • Up to 80% loan-to-value financing
  • Lending is limited to North Carolina

Line of Credit

  • Adjustable Rate
  • Up to a 15 year loan advance period
  • No closing costs with minimum of $10,000 line of credit
  • Up to 100% loan-to-value financing
  • Lending is limited to North Carolina

Three easy ways to apply:

  1. Apply online today
  2. Call our 24/ Loan Call Center at 336-662-6202 or 800-288-5252, or
  3. Visit your local branch office

Home Equity Loans are available for primary residences, second homes, and investment properties. An example loan payment based on $100,000 at 5.00% APR for 10 years is $1,050. Closing costs may occur based on offer and depending on the property location and Equity Loan amount.