California Credit Union
Digital Banking
New Enrollment
News and Updates


Home Equity Loans & Lines of Credit

A Home Equity Loan allows you to use the equity in your home to borrow money at an affordable rate.

Home Equity Loans

Take cash out of the equity in your home for any purpose.

  • Low fixed rates
  • Up to 90% combined loan-to-value financing for owner-occupied properties
  • Terms up to 20 years - makes payments low
  • Interest may be tax-deductible*
  • No upfront fees (appraisal, points or closing costs)
  • No pre-payment penalties
  • Borrow $25,000 to $500,000 of your available equity

Apply Now

Interest Only Home Equity Line of Credit (HELOC)

Enjoy the things that really matter with the equity that you’ve built into your home.

  • Low interest-only payments during the 10 year draw period. After that, the minimum monthly payment will be fully amortized during the 20‐year repayment period.1
  • 18 month fixed introductory rate as low as 2.99% APR2 After the introductory period, the rate may adjust quarterly by no more than 1 percentage point based on the WSJ Prime Rate plus a margin. The current APR that would apply ranges between 5.00% and 6.50% depending on the combined loan-to-value.
  • No upfront fees and no annual fees3
  • Borrow up to 100% combined loan-to-value
  • No minimum draw (advance) required at funding
  • 24 hour access: in person, online, by check or over the phone
  • The interest you pay may be tax deductible4

Download this PDF guide to learn more about What You Should Know About Home Equity Lines of Credit.

Apply Now

Home Equity Loans & Lines of Credit Calculators

For more information on home equity loans, call us at (800) 334-8788.

1 Your minimum monthly payment will equal the current monthly interest expense on the loan during the 10‐year draw period, after which the monthly payment will be a fully amortized payment during the 20‐year repayment period; (no less than $50 unless the balance owed is less), for the life of the loan.

2 APR = Annual Percentage Rate

3 An early closure fee between $500 and $1,500 applies, depending on the HELOC limit, if the line is closed within 3 years of origination.

4 Please consult a tax advisor

Terms & Conditions
Must be owner-occupied home located in California. After the initial fixed 18‐month introductory period, your HELOC rate may adjust quarterly up to 1.0% based on WSJ Prime Rate + a margin. After the 10‐year draw period, your HELOC rate may adjust annual up to 2.0% based on WSJ Prime Rate + a margin. The maximum Annual Percentage Rate that can apply is 12.0% and the minimum Annual Percentage Rate is 4.0%. If payment is made more than 15 days after due date, a late charge will be assessed equal to 20% of the interest due ($5 minimum). Property insurance is required. All loans are subject to credit approval, income verification, and satisfactory appraisal and collateral. Maximum credit limit subject to combined loan-to-value guidelines. Rates, terms, and fees are subject to change without notice. Minimum credit line of $25,000 required. A $5 new membership fee may be required.