Home Equity Line of Credit
Member Notice: The SC Telco Mortgage Department is currently experiencing high call volumes. Please allow up to 72 hours for a mortgage specialist to return your call. If you are in need of payment assistance, please click here. Thank you for your patience during this time. It is an honor to serve you.
Get the Most Out of Your Equity
We offer our members the best rates on home equity loans and an easy approval process. Plus, we don’t charge you a loan origination fee* and we cover up to $500 of closing costs, so you don’t have to pay as much to access your equity. Tackle that home renovation project you’ve been wanting to complete for years, build an addition to add value to your home, or get out of high-interest debt with a convenient, low-interest home equity loan. Visit a specialist at your local branch in Greenville, Spartanburg, Taylors, Columbia, or Easley or apply online to get started.
*Home Equity Lines of Credit (HELOC) are issued at an adjustable rate that may range from 5% to 15% APR. Closing costs in SC Telco’s lending area of SC, NC, & GA on loans for less than $150,000 range from $360 to $2,000. Loans of $150,000 or more would require title insurance in addition to the prior closing fees stated. Contact your real estate attorney for title insurance rates applicable to you. Property insurance is required and not included in the closing costs. SC Telco will pay up to $500 in closing fees in most cases. Our minimum loan amount is $7,500 and minimum payment amount for a credit line with a balance is $100.00. Rates, terms, and conditions are subject to change without notice. Loan approval is subject to creditworthiness and sufficient collateral. Membership required.
Opening a home equity line of credit is an easy, low-risk way to plan for future emergencies or future projects. Take out money as you need it, use only as much as you need, and don’t pay any interest on the money until you withdraw it. A home equity line of credit works just like a high-balance credit card—but without the high interest. Apply to take advantage of historically low rates.
Love your home, but ready to tackle that remodel you’ve always dreamed of? Our home equity loans, or second mortgages, pay you a lump sum all at once to help you accomplish your big plans. Interest rates are historically low, so now is the perfect time to lock in a low rate. Plus, without origination fees to worry about, you’ll be able to use all the equity you’ve earned, without the burden of extra costs.
SC Telco is not for profit; we’re for service.
