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Dreams. Start. Here.
Home Equity Loans Start Here
Your home can be a great source of cash. The equity in your home — the difference between what you owe and the market value — can be used for home improvement projects, education expenses or a trip of a lifetime. A home equity loan is best for a single, lump-sum expense. A home equity line of credit is ideal for ongoing projects or expenses.
Compare HELOCs and Home Equity Loans
|Home Equity Line of Credit (HELOC)||Home Equity Loan||Home Equity – Second Home/Investment Property|
|Perfect for:||Large projects or expenses which are spread over time. Funds become available as the balance is paid down.||One-time disbursement of funds to use any way you choose.||Unlocking equity from second homes or investment properties|
|Rate options:||Variable-rate line of credit, payments may fluctuate||Closed-end, fixed rate, payments stay the same||Closed-end, fixed rate, and variable rates available|
|Points and fees:||No points, no fees, no closing costs for loans over $15,000. For loans over $250,000 costs range between $1,000 - $2,500||No points, no fees, no closing costs for loans over $15,000||No points, no fees, no closing costs for loans up to $100,000|
|Terms:||Interest-only payments for up to 10 years followed by 15 years of fully amortized payments||Terms up to 15 years||Terms up to 15 years for second homes; terms up to 12 years for investment homes|
|Loan to value:||Borrow up to 80% of the first $500,000 and 70% of the remaining appraised home value to a maximum of $2,500,000 on your primary residence||Borrow up to 80% of the appraised home value less the first mortgage balance to a maximum of $2,500,000||Borrow up to 70% of the appraised home value less the first mortgage balance to a maximum of $2,500,000|
Apply for a HELOC or Home Equity Loan
Access your CA home's equity. Apply online or call the real estate department at (888) 858-6878 ext. 5282. We’ll take your request over the phone and tell you how much you qualify for and provide the rate, term and monthly payment amount. You can also visit one of our six CA branch locations in Concord, Clovis, Fresno, Livermore, Pleasant Hill, and San Ramon to learn more.