Home Equity Installment Loans

Use the value in your home to build your dreams with a home equity installment loan!

With a fixed-rate home equity installment loan, your funds are dispersed in a lump-sum with predictable payments—perfect for major projects, debt consolidation, and other one-time expenses.

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Borrowing With Home Equity Loans



Low Rates

Rates as Low as 6.75% APR1

Fixed rates mean predictable payments, making it easier to factor into your budget. 

No Closing Costs

No Closing Costs

Depending on the county your property is located in, you may qualify for no closing costs, saving you thousands.2


No Application Fees

No Application Fees or Annual Fees

It’s simple to apply for a Sandia Area home equity loan. 

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Use funds for anything

Use Funds for Anything

Use your home equity loan to build anything—a deck, a kitchen, your credit, or even a future.


Home Equity Installment Loan Rates
Effective Date: 01/10/2024
Term in MonthsAPR1 as low asApproximate Payment3
120 6.75% $230
180 7.00% $180
Federally insured by NCUA. An Equal Opportunity Lender. Membership eligibility required. Visit Sandia.org/Membership for complete details. 1. APR=Annual Percentage Rate. Rate effective 01/10/2024, and subject to change without notice. New Sandia Area loans only. Subject to credit approval. Rates are based on an evaluation of credit history and lien position. “As low as” rate assumes excellent credit history and first lien position. Your rate may differ. Maximum loan amount is $200,000 and maximum LTV is 80%. 2. Closing costs associated with this product are waived for loan amounts up to $150,000 in the counties of Bernalillo, Valencia, Santa Fe, Sandoval, Torrance, Cibola, and Dona Ana on primary residences with clean title history. Loans over $150,000 are subject to 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. Loans over $200,000 will be reviewed on a case-by-case basis. 3. Payment example assumes $20,000 loan.

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Forms Required

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.
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/propert purchase.
This is a type of property insurance that protects your interest in losses thay 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.
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.

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