Utilize your home’s equity to unlock its potential.
A home equity line of credit can be used for home improvements, college expenses, debt consolidation—more!
SafeAmerica Credit Union makes it easy with low rates, no closing costs, and low payments. This revolving line of credit allows you to access your home’s equity to borrow what you need, up to your approved limit, when you need it.
- 3.25% introductory APR fixed until 5/31/21
- Current indexed rate at 4.75%
- No closing costs*, no annual fee, no points
- Borrow up to 80% of your home’s value
- Credit lines from $25,000 to $250,000
- Ten year draw period followed by fifteen years of amortized payments
- Receive a yearly cash bonus up to $100 with our MoveUP Rewards program
|Home Equity Line of Credit Rates as of 4-1-20|
|Type||Maximum Amount||Interest Rate||APR*|
|Fixed until May 31, 2021||$250,000||3.250%||3.250%|
|Variable after May 31, 2021||$250,000||4.750%||4.750%|
*APR (Annual Percentage Rate) as of 3/1/20. Introductory rate of 3.25% is fixed through 5/31/21. After that, the APR can vary and is based on the Prime Rate (4.75% as of 3/1/20), may adjust monthly and is subject to change. Must take an advance of at least 10% of your approved limit at the time of funding to receive promo rate. 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 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 not available for existing SafeAmerica Home Equity Lines. Offer ends 5/31/20.
**You are eligible to enroll in the MoveUP Rewards program if you have an active, eligible SafeAmerica personal checking account and maintain a combined balance in your qualifying SafeAmerica deposit accounts at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Executive tier. Heloc bonus amount is based on tier and is paid annually at program enrollment anniversary date as a credit to eligible members’ primary checking account. Line of credit must be in draw period. Additional program rules or regulations may apply. Visit safeamerica.com/moveup for full details.
Home Equity Line of Credit
- 3.25% fixed intro APR*
- No annual fee
- No application fee
- No points