Home Equity Line of Credit

Access cash when you need it and get the flexibility to use funds over time.

Home values in New Mexico have increased by more than 40% over the past five years.* As a homeowner, you can leverage the equity in your home into a low-rate Home Equity Line of Credit from Sandia Area! Interest rates on a home equity credit line are typically lower than a standard credit card.

• Cash for any reason
• Ongoing access to available credit
• No closing costs up to $150,000¹
• Rates as low as 8.75% APR²

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What is a Home Equity Line of Credit?

The Sandia Area Home Equity Line of Credit is much like a credit card or any other type of open-ended credit. You can borrow money as needed, up to the credit limit, for a period of five years.

Your Home Equity Line of Credit is perfect for ongoing expenses and can be used for things like:

• Home renovations
• Educational costs
• Start-up business expenditures
• Medical expenses
• Unexpected expenses

*According to https://www.zillow.com/nm/home-values/. Loans and terms subject to credit approval. 1. Closing costs associated with this product are waived for loans up to $150,000 in Greater Albuquerque and surrounding area on their primary residences with clean title history. Loans over $150,000 or outside of Greater Albuquerque and surrounding area are subject to cost of property appraisal, flood certification, recording fees, and title insurance, which generally range from $1,467 to $1,600. Borrower is responsible for homeowners insurance and, if required, flood insurance. 2. Annual Percentage Rate (APR) effective as of 12/16/2022. Rates are subject to change without notice. New Sandia Area loans only. Annual Percentage Rate (APR) on approved credit. Rates are based on an evaluation of credit history and lien position. "As low as" rate assumes excellent credit history. Your rate may differ.