Flexible Borrowing Power When You Need It
With a home equity line of credit (HELOC), you have the flexibility to borrow what you need as you need it. Plus, you only pay interest on the amount you draw!
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Home Equity Explained
Home equity is the portion of your home you actually own—the difference between your home’s current value and what you still owe on it. As you pay down your mortgage and your home’s value rises, your equity builds. With a home equity installment Loan or HELOC from Sandia Area, you can tap into that value for renovations, debt consolidation, big expenses, and more.
Understand Your HELOC Options
Calculate your available equity and see how a Home Equity Line of Credit (HELOC) can turn your home's value into cash for home projects, experiences, or expenses.
| Term in Months | APR1 as low as |
|---|---|
| 180 | 7.25% |
| Federally insured by the NCUA. An Equal Opportunity Lender. Membership eligibility required. Visit Sandia.org/Membership for complete details. A manufactured home cannot be used as collateral for a home equity loan or line of credit. 1. APR = Annual Percentage Rate effective as of 12/12/2025. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. “As low as” rate assumes excellent credit history. Not all applicants will qualify for the lowest rate. All consumer loans are charged simple interest with no pre-payment penalty. New Sandia Area loans only in the counties of Bernalillo, Sandoval, Santa Fe, Valencia, Torrance, Cibola, Dona Ana, Rio Arriba, Mora, San Miguel and Los Alamos on primary residences with clean title history. “As low as” rate assumes excellent credit history and first lien position. Borrower is responsible for homeowners’ insurance and, if required, flood insurance. Home Equity Line of Credit is a revolving credit line. Maximum loan amount is 90% LTV for 180 months up to $200,000. Loans over $200,000 will be reviewed on a case-by-case basis. Term of 180 months consists of 5-year draw period followed by 10-year repayment only period. Home Equity Line of Credit is a variable APR (Annual Percentage Rate) based on the value of an index plus a margin and is subject to increase. The index is the NY Prime Rate published in the Money Rates column of the Wall Street Journal and is 6.75% as of 12/12/2025. When a range of rates has been published, the highest rate will be used. The current margin could range between 0.50% - 1.50% and is subject to change based on your credit score. The HELOC has a floor of 3.75% and a ceiling of 18.00% and will change by no more than 0.25% per month. | |
Estimate Your Home Equity
Enter your home's value and what you still owe to see your estimated equity and what you could expect to borrow.
This calculator provides an estimate for informational purposes only and does not constitute a loan offer, appraisal, or guarantee of available equity. "Borrow Up To" reflects an estimated maximum of 90% loan-to-value, less your current mortgage balance, and assumes a minimum loan amount of $5,000. Actual home value, equity, and borrowing eligibility are subject to appraisal, credit approval, and other factors. Contact Sandia Area Federal Credit Union for details.
Borrow Smarter with Home Equity
When you tap into your home’s equity with Sandia Area, you get more than a great rate—you get a local lender who makes the process simple. No fees, no closing costs, and no surprises.
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Serving Homeowners Across New Mexico
Sandia Area offers home equity loans and lines of credit on properties in Bernalillo, Sandoval, Santa Fe, Valencia, Torrance, Cibola, Doña Ana, Rio Arriba, Mora, San Miguel, and Los Alamos counties.
No Closing Costs. No Fees. No Hassle.
Save upfront and over time. Depending on your county, you could qualify for no closing costs—and you’ll never pay application or annual fees with Sandia Area.
Great Rates
Because the funds are secured by your home, rates are often lower than other types of borrowing like credit cards and personal loans.
Use Funds for Anything
Use your home equity to build anything—a deck, a kitchen, your credit, or even a future.
Schedule a Consultation
Our lending specialists are here to guide you through every step of the process. From application to closing, we'll provide the support and expertise you need to make financing easy.
Our lending team will contact you within 1-2 business days to answer your questions and help get you started.
Protect Your Home
Sandia Area partners with Inszone Insurance to provide reliable home insurance options, with the coverage that fits your needs. Get a quote today!
Have These Forms Ready!
Copy of Original Warranty Deed
This is the document that proves you own your home/property. You will find this with your property records, likely in a Title Company Folder that was provided to you when you closed on your home purchase.
Copy of Original Owner’s Title Insurance
This is an insurance policy you received when you purchased your home/property that protects you against loss resulting from a defect in the Title. You will find this with your property records, likely in a Title Company Folder that was provided to you when you closed on your home/property purchase.
Copy of Homeowner’s Insurance Policy or Declaration Page
This is a type of property insurance that protects your interest in losses that may occur in respect to your home (fire, theft of contents, etc). Your insurance agent will be able to provide you with a copy of your policy. The declarations page shows limits of coverage for various categories.
Verification of Income
Regulations governing real estate lending make it necessary for us to obtain verification of income. Please provide us with your last two pay statements. If you are self-employed, please provide us with your last two years of signed tax returns.
