Whether you're looking to purchase a new home or refinance an existing mortgage, Santa Fe Federal Credit Union can help you with your mortgage needs!
Santa Fe FCU has partnered with Servion to offer mortgages to our members, wherever you are. This partnership allows you get a great mortgage rate with some of the best digital service in the market. A Santa Fe FCU loan officer will work with you throughout the application process and, as always, will be here to help make your financial dreams a reality.
Not quite ready to apply?
Fill out the form below and a loan officer will contact you.
Home Equity Line of Credit
Our HELOC program is the best in Texas! If you have equity in your home, you may qualify for a HELOC. A HELOC allows you to access the funds you need, when you need them. You could borrow up to 80% of your home's tax appraisal value (minus any other liens), to use for home improvement projects, debt consolidation, or anything else!
For more information call our Amarillo branches at 806.373.0736.
|| No max (with approved credit)
|Minimum HELOC Advance
|Annual HELOC Advances Allowed
Frequently Asked Questions:
No. The advances on the HELOC can be used for any purpose. We have members who use the HELOC to help fund their child's college education. Retirees use the HELOC to supplement their retirement income. We have members who get really innovative with the borrowing power of a HELOC and use it for investment purposes or debt consolidation.
The interest rates are variable and at SFFCU our HELOC rates start at 100 basis points below prime (floor of 4%). Members enjoy the convenience of a ten year draw period with the flexibility of interest only minimum monthly payments! The repayment period starts after that with equal monthly payments of principal and interest for the next ten years. The flexibility of our HELOC is accommodating to every member's situation!
In general, the interest on a HELOC is tax deductible. Ask your tax adviser for more information on this.
In rare instances only, but not usually. And no escrow accounts are required.