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Sandia Area is the best choice for your home equity

Why? Because Sandia Area is a credit union that puts you first by

  • Providing better, affordable banking for everyone
  • Making our communities stronger
  • Setting you, our members, up for the best financial future

Not to mention our great rates!

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Forms Required

  • 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 Policy
    • 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.
  • Copy of Homeowner's Insurance Policy or Declaration Page
    • 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.
  • 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.

Choose the right Home Equity for you

Home Equity Loan

Get one lump sum of cash, and pay down in regular monthly payments. Rates start at 6.75% APR.2

Apply Now     Learn More

Home Equity Line of Credit

Get easy access to the equity in your home, and the flexibility to use funds over time. Rates start at 9.00% APR.2

Apply Now     Learn More


Use this helpful guide to learn the key differences between a Home Equity Loan and a Home Equity Line of Credit to determine which one is right for you.

 
 

Loans and terms subject to credit approval. 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 01/10/2024. 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.

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