Zero
Possible
Tax-Deductible**
Low
Your home can give itself a makeover.
Unlike most consumer debt like credit cards, a HELOC is secured by the equity you have in your home, so the interest rates are generally lower and the credit lines are generally higher (starting at $20,000).
If you need to borrow money, a HELOC is a smart option, especially for major expenses like debt consolidation or home improvements.
Here are just a few more reasons our members like HELOCs:
- Lower monthly payments
- You only pay interest on the amount you borrow
- The interest you pay may be tax-deductible (consult your tax advisor)
If you own your home and want to learn more, call us at (888) 499-FIRE (3473) to speak to an experienced loan officer. Or, if you're ready to get started, you can submit a no-obligation online application now.
Home Equity Line of Credit Rates
| APR* | Loan-to-Value (LTV) |
|---|---|
| 9.75% | <70% |
*APR = Annual Percentage Rate. The variable rate APR on home equity lines of credit may vary quarterly based on the latest U.S. Prime Rate as published in the Wall Street Journal plus a margin of 2.00% (the Prime Rate is 8.00% as of September 19th, 2024). Maximum annual percentage rate under this plan is 18.00%
Maximum Combined Loan to Value (CLTV) is 70%, including existing first mortgage and new Home Equity Loan. All loans and lines of credit are subject to property valuation. Limited to owner occupied one-to-four family units located in the state of California. All loans and lines of credit are subject to credit approval and income and employment verification. Property insurance is required, and flood insurance may be required. Membership eligibility requirements apply.
The minimum Home Equity Credit Line is $20,000 and the maximum Line is $250,000, subject to loan to value and credit approval. A $350 Application Fee and $175 Document Preparation fee will be assessed at the time of closing. There is no annual fee. Borrower agrees to pay the credit union with a $300 early termination fee if the account is closed within 2 years. Borrower must pay mortgage reconveyance fees at loan termination. Additional fees may apply.
Borrower must be at least 18 years of age.
Terms and conditions are subject to change. Income restrictions and additional conditions may apply.
**Please consult a tax advisor about your specific tax situation.
Discover More
Brie, world traveler.
Putting her first since 1994.
Putting her first since 1994.
SOLAR LOANS
Take your home to the next level
Looking to make your home more energy efficient? Save money and the planet with a solar upgrade to your home.
Learn More
Putting her first since 1994.
Hannah & Martin, SFUSD supporters.
Putting them first since 2017.
Putting them first since 2017.
HOME EQUITY LINE OF CREDIT
Should you use a HELOC for home improvements?
A HELOC could help you finance a home improvement project. Find out if it's right for you.
Learn More
Putting them first since 2017.
Let's Talk
As a local credit union, we measure our success one member at a time. We want to get to know you and help you achieve your goals. Come into a branch or call us today. Our people are happy to serve you.
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Saturday 10:00 AM – 2:00 PM
