Owning a home and building equity is a major achievement. The security of being able to access your equity can also be a relief. That’s where we come in. If you need to finance a home improvement, a child’s education, consolidate debt – anything – a low-rate home equity loan or line of credit may be right for you.

Secured by the equity in your home, home equity loans and lines let you withdrawal up to 80% of your home’s value, minus your first mortgage balance. And the best part is that interest may be tax deductible for most California homeowners.

Here’s more to help you choose which option is right for you:

  • Home Equity Line of Credit (HELOC)

    Drawing money from a credit line helps you borrow money when you need it. This variable-rate option is suitable to an ongoing home project, education expenses or a safety net.

    • Low 4.99% APR, tied to the Prime Rate
    • No points, no fees, no closing costs
    • No annual fee
    • Borrow up to 80% of the home value
    • Tax-deductible interest for most California homeowners
    • Protect your loan with debt protection

    View Rates

     

    APR (Annual Percentage Rate) is as of September 1, 2017, is variable and is based on the Prime Rate plus the applicable margin, may adjust monthly and is subject to change. Your rate may vary based on creditworthiness, amount financed and other additional terms and conditions.  Best rate quoted for primary residence. Fees may apply for loan amounts over $100k on primary residence. Rental property rates available. California properties only. No points, no fees and no closing costs applies to loans with a minimum loan amount of $10,000 and maximum loan amount of $100,000 for primary residences, $75,000 for rental, second or investment homes.  Actual costs apply for loans up to $500,000 for primary residences; $100,000 for rental, second or investment homes. Loan-to-value up to 80% for primary homes and up to 70% for rental, second or investment homes.  Loans are subject to credit approval. Offer not valid to refinance existing 1st United CU loans. Lifetime cap is 6.00% plus the initial rate.  Please consult a tax advisor regarding deductibility of interest.  Payments based on 1% of the outstanding balance.

  • Home Equity Loans

    Our loan is better suited to debt consolidation, a home improvement or one-time expense. Because the interest rate is fixed, so are the monthly payments, making is easy to budget accordingly.

    • Rates as low as 5.50% APR for 10 years
    • No points, no fees, no closing costs
    • No annual fee
    • Borrow up to 80% of the home value
    • Tax-deductible interest for most California homeowners
    • Protect your loan with debt protection

    View Rates

     

    APR (Annual Percentage Rate) is as of September 1, 2017 and valid up to 80% financing. Rate may increase depending on your credit qualifications. Loan payment example: $10.58 per month for each $1,000 borrowed at 5.50% APR for 120 months. Best rate quoted for primary residence. California properties only. Rental property rates available.