Home Equity Lines
Rates as low as 4.25% APR2
Enjoy easy access to your money anytime you need it.
Use the equity in your home for home improvements, college education, debt consolidation or anything else you have in mind. With low rates, no closing costs* and low payments, you can take advantage of the money when you need it.
Borrow up to 80% of the value of your property less any other loans on the property.
- Closing costs as low as $01
- Make payments only on the portion you borrow
- Interest-only payments for the initial 10-year draw period, followed by 15 years of amortized payments
- Potential for tax deductions (consult your tax advisor for details)
- No annual fee
|Home Equity Lines Rates as of 12-1-17|
|Type||Maximum Amount||Interest Rate||APR2|
|Home Equity Line||$250,000||4.25%||4.25%|
1 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 $250 plus the cost of the appraisal, if required. Appraisal costs average $450. *The new Conforming Limit will vary depending upon the County in California in which the member’s single family residence is located.
2 Lifetime maximum variable APR is 18%. No annual fee. No fees, unless an appraisal is necessary, to establish limits up to $100,000. $500 fee, plus appraisal if needed, to establish limits over $100,000 up to $250,000. Appraisal fee, if needed, estimated $475. Variable APR may adjust monthly.
APR’s accurate as of 09/25/2017; 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.
Deposits insured up to $500,000 per account by American Share Insurance, the nation’s largest private share insures. This Credit Union is not federally insured.
Apply for a home Equity Loan
As low as 4.25% APR2
Or call an agent at
925-734-4111, ext. 293 or
800-972-0999, ext. 293