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Home Equity Line of Credit (HELOC)

Every moment is valuable. So is your home.

  • Home equity lines of credit as low as 2.99% APR1 for the first 12 months 

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

A Home Equity Line of Credit allows you to turn your home’s equity into cash that you can use to renovate your home, take a dream vacation or more. You’ll have access to a line of credit that allows you to withdraw money when you need it. Especially valuable for making multiple purchases over a longer period of time, or simply wanting to have the cash available if an opportunity or need arises. 

Plus, you have the option of making interest-only payments during the 10-year draw period.2 This line of credit is also a smart way to consolidate debt. 


(*) 1 APR = Annual Percentage Rate

2 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.

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 and Conditions

California Credit Union’s primary area of service is Southern California which includes the following counties: Los Angeles, San Diego, Orange, Ventura, Riverside, San Bernardino, Kern, Imperial, Santa Barbara and San Luis Obispo. Your home must be owner occupied and located in our service area- Southern California. After the initial fixed 12‐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 annually 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%. Rates are variable, and subject to increase after account opening. 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). A $15 returned check fee applies if a payment is returned for any reason. 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. All loans subject to approval. Rates, terms, and conditions are subject to change. A $5.00 membership fee may apply.

View the full Home Equity Line of Credit Terms & Conditions

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