Home Equity Lines of Credit Rates
Home Equity Lines of Credit Rates
Effective January 26, 2021
| Loan Type | Approximate Term | APR1 |
|---|---|---|
| Home Equity Line of Credit 80% or less combined-loan-to-value |
10 year draw Up to 20 year repayment |
2.99% intro rate fixed for 12 months. After that, the rate will be WSJ Prime + a margin. Currently 3.25% + 1% = 4.25% |
| 100% Home Equity Line of Credit 80.01%-100% combined-loan-to-value |
10 year draw up to 20 year repayment |
4.49% intro rate fixed for 12 months. After that, the rate will be WSJ Prime + 2.5% margin. Currently 3.25% + 2.5% = 5.75% |
What you should know about Home Equity Lines of Credit
Terms & Conditions
1APR = Annual Percentage Rate
Must be an owner-occupied home and located in the following counties: Los Angeles, San Diego, Orange, Ventura, Riverside, San Bernardino, Kern, Imperial, Santa Barbara or San Luis Obispo. 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 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.
Over 30,000
fee-free
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