Home Equity Line of Credit
Use the equity in your home to make good things happen.
Use the equity in your home for home improvements, college education, debt consolidation or anything else you want to make happen. With low rates, no closing costs1 and low payments, you can take advantage of the money when you need it.
Details
- Low, variable rate
- Closing costs as low as $01
- No annual fee/no points
- Borrow up to 80% of your home's value
- Interest-only payments for the initial 10-year draw period, followed by 15 years of amortized payments
Rates
| Home Equity Line of Credit Rates as of 5-1-19 | |||
|---|---|---|---|
| Type | Maximum Amount | Interest Rate | APR1 |
| Fixed Introductory Rate until 5/31/20 | $250,000 | 3.99% | 3.99% |
*APR (Annual Percentage Rate) as of 3/1/19. Introductory period rate of 3.99% is fixed through 5/31/20. After that, the APR can vary and is based on the Prime Rate (currently 5.50% as of 3/1/19), may adjust monthly and is subject to change. Rates for approved applicants will be disclosed in writing before applicant becomes obligated. All loans require SafeAmerica Credit Union membership in good standing and are subject to credit approval. There are no closing costs for an equity line of credit up to $100,000, unless an appraisal is required. For limits over $100,000 up to $250,000, closing costs are $500 plus the cost of the appraisal, if required. Appraisal costs average $475. Applications are subject to credit approval. Property must be owner occupied primary residence and located in California. Borrow up to 80% of the equity in your single family home or 70% of equity in your condo or townhome. Offer ends 5/31/19.
1There are no closing costs for an equity line of credit up to $100,000, unless an appraisal is required. For limits over $100,000 up to $250,000, closing costs are $500 plus the cost of the appraisal, if required. Second mortgage loans and HELOCs available for up to the lesser of 80% of appraised value or $250,000 on owner occupied primary residence only in California. No processing fee on loans or limits to $100,000. Processing fee on limits of $100,001 - $250,000 is $500. Maximum lifetime variable HELOC APR is 18%. No annual HELOC fee. If appraisal is required, member will be required to pay full cost of appraisal, in advance.
IMPORTANT INFORMATION
APR’s (Annual Percentage Rate) subject to change without notice. Actual APR offered may differ depending on a variety of underwriting criteria. All loans require SafeAmerica Credit Union membership in good standing and are subject to credit approval.
1st Mortgage loan rates are subject to change daily. Call for current rates, APRs, additional payment samples, or further information. For a 30 year loan at 4.25%, pay $4.91 per month per $1,000 borrowed, for a 20 year loan at 3.625% pay $5.86 per month per $1000.00 and for a 15 year loan at 3.25%, pay $7.02 per month per $1,000 borrowed.
Second Mortgage loans and HELOCs available for up to the lesser of 80% of appraised value or $250,000 on owner occupied primary residence only in California. No processing fee on loans or limits to $100,000. Processing fee on loans or limits of $100,001 - $250,000 is $500. Sample payment for a 15-year fixed rate second mortgage at 5.99% would be $8.44 per month per $1,000 borrowed. Maximum lifetime variable HELOC APR is 18%. No annual HELOC fee. If appraisal is required, member will be required to pay full cost of appraisal, in advance.
Apply for a Home Equity Line
Or call an agent at
925-734-4111, ext. 293 or
800-972-0999, ext. 293
