Home Equity Lines of Credit

Our rates are among the lowest in the nation.

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An affordable solution to use your home's equity to fund renovations, large purchases or consolidate debt

Choose a Standard or Rate Advantage HELOC.

Available on single-family homes and condos located in the state of California.¹

Advances can be made during the first 10 years.

Loan amounts available from $10,000 to $500,000, depending on occupancy type.²

No lender origination fees.³

Interest-only payments for first 10 years; remaining 15-year term is fully amortized.

Standard Home Equity Line of Credit
as low as

7.000 % APR

Rate Advantage Home Equity Line of Credit
as low as

7.500 % APR

CURRENT HOME EQUITY RATES

Home improvement of kitchen cabinets being built and installed.

How a Home Equity Line of Credit Works

When you have a project or large expense, a HELOC is an open line of credit, with a variable rate, that you draw from only as you need to. If you prefer a fixed rate and know exactly how much you need to borrow — and want it all at funding — you might want to consider a Home Equity Loan.

We offer two HELOC options: Standard and Rate Advantage. Standard offers rates as low as 7.000% APR. Rate Advantage Fixed offers rates starting as low as 7.500% APR for the first five years, variable thereafter.

Six Years in a Row

For six consecutive years, we've been recognized by Forbes as the No. 1 Best-In-State Credit Union in California.

The Sweet Spot for Refinancing Your Mortgage

Home Equity Loan or Line of Credit?

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Protect Your Biggest Investment

Homeowners Insurance: Make sure you're protected from losses due to fire, lightning, burglary, vandalism, storms and more.

Condominium Insurance: Get coverage for interior walls and floors, personal property and personal injury.

Earthquake Insurance:This separate policy helps you recover, replace and rebuild if a tremor damages your home.

Apply Online

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Get Professional Guidance

Discuss your options with a real estate loan consultant in person, over the phone or at a branch.

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Call

Monday through Friday, 8 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.

(800) 462-8328, EXT. 8288

Disclosures

APR = Annual Percentage Rate. All loans subject to approval.

The pricing you may qualify for is based on factors including your credit rating and the combined loan-to-value (CLTV) of your property. A minimum credit qualifying score is required. Pricing effective as of 01/14/2025 and subject to change without notice. An approved application is required for pricing to be determined. Variable rate; rate and payment subject to change after account opening. The highest APR that can be charged is 18%.

Property insurance is required. Flood insurance required when applicable. Annual Maintenance Fee for HELOCs: $50. Fee will be waived if payments are automatically transferred from a SchoolsFirst FCU Share Savings or Checking account.

Property Construction/Sale: The borrower is required to wait until loan funds are received to begin work on the property. A property with construction already in progress may not be eligible. If approved, additional fees will be required. Properties currently listed for sale, manufactured or mobile homes are not eligible.
Owner-occupied primary residences, from $10,000 to $500,000. Non-owner occupied properties, from $10,000 to $150,000.
Some closing costs may be incurred if title charges are required to clear or transfer liens on the subject property. The borrower is responsible for these costs.

NMLS Identifier: 405503

CA Insurance License 0I19344. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.