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Home Equity Lines of Credit

Home Equity Lines of Credit

Click here to apply online

Equity is the cash value you have accumulated as you have paid down your first mortgage loan. Members are using their equity every day as a resource to pay for higher education expenses, home improvements, redecorating, weddings, debt consolidation – almost any major purchase.

You can use this line of credit over and over again by drawing out only what you need at a point in time.  As you make payments toward your draw, you put the equity back in, making it available for future draws.  For example, say you have a $50,000 line of credit but only need $10,000 for home improvements.  You withdraw the $10,000, leaving you with $40,000 available for future draws.  As you re-pay that draw, you grow your available amount for the future – ultimately back to the original $50,000.

  • Offered any time of year.
  • Amount of financing available is up to 100% of your home’s value, minus your first mortgage balance.
  • No closing costs*.
  • Up to 10-year draw period.
  • Up to 10-year repayment period.
  • Credit approval required.
  • Variable rate is based on Prime*.
  • Real estate loans have certain tax benefits.  Consult your tax advisor for more information.

Click here to calculate your estimated payment

*Prime Rates are adjusted on the first day of the month based on Prime on the last day of the previous month. Maximum APR is 18%, and Minimum APR is 4%. Home Equity Lines of Credit are only available to members in the Mid-South. No Closing Costs on lines of $50,000.00 or less.  Property insurance and credit approval required. Other restrictions apply.


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Do you have a family member who is already a Southern Security member? Or, do you work for one of over 500 of our sponsor companies?

You may not be eligible for membership at this time. Please call 1-888-842-6328 or visit a branch for further assistance.