Home Equity Line of Credit

A HELOC allows you to draw funds, up to your available credit, whenever you need money.

  • Variable rates as low as 2.99%
  • Flexible access to funds
  • Access your line using convenience checks
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Fixed Equity Loan

Great for people who want a one-time loan payout with predictable fixed payments:

  • Fixed rate starting at 5.500%
  • Monthly payments never change
  • No penalty for early payment
  • Use for debt consolidation
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Home Equity Rates
PRODUCT RATE APR
HELOC 2.990% 2.990%
15-yr fixed equity 5.500% 5.562%
20-yr fixed equity 6.125% 6.176%
Account Services
  • Track application status (fixed equity only)
  • Request a line of credit increase
  • Make a balance transfer
  • Lock in your fixed equity loan
  • Get convenience checks
Home Equity Line of Credit (HELOC)

Tap into the equity of your home with a HELOC to pay down debt, fund home improvements, or make major purchases. A HELOC is a type of second mortgage that allows you draw and repay funds similar to the way you use other revolving lines of credit, like credit cards. Instead of getting your loan as one lump-sum, you draw funds when you need them and only pay interest on money you're currently using. HELOCs are best for people who:

  • Need access to funds both now and in the future
  • Want a lower interest rate than is available through credit cards
  • Prefer to draw funds using convenience checks
Product Features
  • Loan limits up to $250,000
  • Adjustable rate
  • Access up to 80% of your home's equity
  • Owner-occupied, CA primary residences only
How a HELOC Works
  • Your HELOC's term is for 25 years
  • During the first 10 years of the loan, you're able to access (draw) on funds up to your loan amount using convenience checks which work just like regular checks - you can use them up to the available credit limit on your account
  • You are able to pay down your balance at any time without penalty
Fixed Equity Loan

A fixed equity loan is a type of second mortgage that's perfect for one-time expenses like home renovations, a wedding or debt consolidation. You receive a lump sum of money and have a fixed monthly payment that you pay off over 15 or 20 years. Fixed equity loans are a smart choice for people who:

  • Want consistent monthly payments
  • Need their money up-front
  • Need a specific amount of money for an immediate need
Product Features
  • Loan amounts up to $250,000
  • Fixed rate
  • Access up to 75% of your home's equity
  • Owner-occupied, CA primary residences only    
How a Fixed Equity Loan Works
  • You receive the entire loan in a lump sum (i.e., all at one time)
  • Chose to have your loan paid to you as a check or have it electronically deposited
  • Your interest rate will be fixed for the life of your loan so payment will never change
  • Pay down additional principal balance at any time without penalty
  HELOCA smart choice for those who need ongoing access to funds Fixed Equity LoanPerfect for one-time expenses
How it can be used
  • Debt consolidation
  • Home improvement
  • Education
  • Other purchases
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Interest rate Variable rate Fixed rate
Interest-only option Yes, for 10 years None
Loan term 25 years 15 or 20 years
Fees
  • Application fee
  • Closing costs
  • Balance transfers
  • Early account closure
  • None
  • None
  • None
  • $500, if closed within 3 years
  • Yes, $300 - $699
  • None
  • Not applicable
  • None
Access to funds You draw funds as needed, using special convenience checks tied to your HELOC account You receive one up-front lump sum that is paid to you with a check and/or electronic transfer into an account of your choice
Tax deductible
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