Money that helps you put your plans into action

Highly affordable

The value of your home helps you qualify for one of the lowest loan rates around.

Take your pick

Get money in a lump sum or an easy-to-access revolving loan fund.

Sky's the limit

Use funds for purchases, home remodeling, education costs, or anything else.

Home Equity Line of Credit 80% CLTV

Easy access

Access a line of credit that you can tap into time and time again for any purpose.

Higher credit limit

Borrow up to 80% of your home's equity (Loans range from $15,000 to $250,000).

Less interest fees

You have the option of paying interest only on the funds you use. 

More money in your pocket

$0 application fees, $0 closing costs and no annual fee.

Home Equity Loan 80% CLTV

More cash in your wallet

Lump sum loan means you get your loan amount up front.

Higher credit limit

Credit limit based on 80% of your home's equity (loans range from $15,000 to $250,000).

Less interest fees

A low interest rate for 5-, 10- or 15-year terms.

No surprises

Monthly payment is fixed for the life of the loan.

Less fees

$0 application fees and $0 closing costs.

100% CLTV Home Equity Loans & Lines

More money available

Access all of your home's equity up to $250,000.

Home type restriction

Single-family homes only.

Low closing costs

You'll only pay $550 in closing costs.

You can add a room, put in a patio, or install central air. But Home Equity Loans and Lines of Credit aren't only for home improvements. From weddings and vacations to college costs and doctor bills, this affordable funding can cover almost any expense you can imagine.

Sikorsky Credit Union has been named the #1 Credit Union in CT for the past four years and offers membership to those living, working, volunteering or worshiping in Fairfield, New Haven & Hartford counties.

Frequently Asked Questions

A lender will look at your credit and work history, income, and assets to determine the maximum purchase price/loan amount you are qualified for based on current market interest rates. Once you get pre-approved, you’ll receive a letter stating how much you are qualified for (based on the information you provided). 

It is important to remember that the amount you are qualified for can change if your circumstances change or if interest rates change. A mortgage pre-approval is very helpful when establishing your budget, and it makes you more attractive to sellers. If you are searching for new home, it makes sense to get pre-approved and provide your Real Estate Agent with your pre-approval letter so they can start showing you homes.

The mortgage pre-approval process is a much more thorough review of your finances. Your loan officer will pull and review your credit and complete a comprehensive review of your work history, income documentation (W-2’s, tax returns), and available assets (bank and investments statements). Getting pre-approved will help you make an offer with confidence knowing the lender has most of the information needed to make a loan decision that is not associated with the property (i.e., appraisal, title search, homeowner association rules).

Getting pre-approved at Sikorsky Credit Union is quick and easy! Some of the documents you will want to get ready include:

  • Personal identification
  • Most recent month of pay stubs
  • Last two months of bank and asset statements (all pages)
  • W-2's from the last two years

Once you have everything you need, you can contact a Home Loan Consultant directly to schedule a face-to-face appointment at one of our branch offices. Or, if you prefer, you can apply online and someone will be in touch. Our Home Loan Consultants live and work in the communities we serve and offer personalized service tailored to your individual needs. They will be with you from start to finish to answer any questions you may have and guide you along the way. Once you are pre-approved, you will receive your letter and you can let your home buying journey begin.

Better Rates & Lower Fees
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