Home Equity Loans & Lines of Credit
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.
Home equity loan rates as low as 4.99% APR!
Tap into your biggest asset with a no-cost, low-rate home equity loan. Whether you're looking to renovate, consolidate debt, or cover unexpected expenses, we're here to help.
Compare HELOCs and Home Equity Loans
Home Equity Line of Credit (HELOC)
Perfect for: large projects or expenses spread over time—funds become available as the balance is paid down
- A variable-rate line of credit with payments that may fluctuate.
- Enjoy interest-only payments for up to 10 years, followed by 15 years of fully amortized payments, and 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.
- No points, no fees, and no closing costs for loans over $15,000; loans over $250,000 range between $1,000–$2,500 in costs.
Home Equity Loan
Perfect for: a one-time disbursement of funds to use any way you choose
- A closed-end, fixed-rate loan with payments that stay the same, and terms up to 15 years.
- Borrow up to 80% of the appraised home value less your first mortgage balance, to a maximum of $2,500,000.
- No points, no fees, and no closing costs for loans over $15,000.
Home Equity – Second Home/
Investment Property
Perfect for: unlocking equity from second homes or investment properties
- Choose a closed-end, fixed-rate loan or a variable-rate option, with terms up to 15 years for second homes and up to 12 years for investment homes.
- Borrow up to 70% of the appraised home value less your first mortgage balance, to a maximum of $2,500,000.
- No points, no fees, and no closing costs for loans up to $100,000.
Apply for a HELOC or Home Equity Loan
Access your 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 branch locations in Concord, Clovis, Fresno, Livermore, Pleasant Hill, and San Ramon to learn more.
Safeguard Against the Unexpected
Payment protection is a service that protects your family members should the unexpected happen. In the event of involuntary unemployment, disability, and even death, this service may cancel your loan balances or payments.
For additional protections, Life Plus can extend your payment protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances in case of:
- Accidental dismemberment
- Terminal illness
- Hospitalization or family medical leave
- Death of a non-protected dependent
To enroll, please call a member service representative at (888) 858-6878 today!
Filing a Claim
In your time of need, our claims process is quick and easy. If you have already elected payment protection on your loan, you can use the convenient claims process to quickly and easily file your insurance claim.
Refer your family and friends
You'll both get $50 when they open an account. Refer up to 10 friends and receive $500!
Membership at Pacific Service Credit Union is subject to all terms, conditions, and eligibility requirements applicable to membership and account ownership. Visit the following webpages for complete membership eligibility and current rates. Some restrictions apply. Membership requires the opening of a primary savings account with a minimum balance of $5.00.
Rates and terms subject to change without notice. Collateral protection insurance is required to obtain any secured loan. Must be 18 or older to apply. Loans subject to all credit union policies and procedures. For current information, please call a member service representative at (888) 858-6878.
Rates, points and programs cannot be guaranteed and are subject to change without notice. Property insurance is required. Flood insurance may apply. No mobile homes. Quoted conforming rates are based on a loan amount of $832,750, rate and term only. Rate adjustments may apply for cash out, loans under or over $832,750, rental/vacation/second home properties or loan-to-value (LTV) over 70% of appraised value. Actual rate will be determined after receipt of application and prior to execution of final loan documents. There are no pre-payment penalties on these quotes. Representative example: Pay $5.99 per month per $1,000 borrowed at 6.000% APR for 30 years. Taxes and insurance are not included in this calculation.
All home equity loans and lines of credit
Credit limited to California properties of five acres or less and 4 units or less. An early closure fee of $100 plus actual costs will be imposed if the loan is closed within two years of opening. Property insurance is required. Flood insurance may apply. Notary and reconveyance fees are the responsibility of the borrower. All persons on the property title are required on the loan application. All loans require income verification. Member is responsible for all property insurance and taxes. Other restrictions may apply. For current information, please call a real estate representative at (888) 858-6878, ext. 5282.
Home equity loans
Rate, maximum term, and loan amount based on creditworthiness and occupancy. Rates increase by 0.25% APR for loans over $832,750.
Owner-occupied: We lend up to 90% of the appraised home value, less the first mortgage balance. Minimum loan amount is $15,000; maximum loan amount is $2,500,000. Representative example: Pay $18.87 per month per $1,000 borrowed for 60 months at 4.99% with up to 90% LTV. Payment example does not include property taxes or insurance.
Non-owner occupied: For second and investment homes, we lend up to 80% of the appraised home value, less first mortgage balance. Minimum loan amount is $15,000; maximum loan amount is $832,750. Maximum term of 15 years for second homes and 12 years for investment homes. Representative example: Pay $10.45 per month per $1,000 borrowed for 180 months at 9.49% with 80% LTV. Payment example does not include property taxes or insurance.
On the House: 7-year term; minimum loan amount is $50,000. Reference additional qualifications above for owner- and non-owner occupied properties. Representative example: Pay $14.60 per month per $1,000 borrowed for 84 months at 5.99% with 80% LTV. Payment example does not include property taxes or insurance.
Home equity lines of credit
Rates change with the prime rate as published in the ‘Money Rates’ section of the Wall Street Journal. Changes to the prime rate will result in changes to the payments. These are variable-rate loans, the rate may change monthly.
Owner-occupied: We lend up to 90% of the appraised home value, less the first mortgage balance. Minimum loan amount is $15,000; maximum loan amount is $2,500,000. Minimum payments are interest only for the first 10 years followed by 15 years of fully amortized payments. The home equity line of credit variable rate is 0.00% - 3.00% APR plus the prime rate. Actual costs apply for loans over $250,000. Initial costs generally range between $500 and $2,500 for lines over $250,000. An annual fee of $50 will be charged only if the account is inactive for one year. The minimum APR is 4.00% and the maximum APR is 18.00%.
Non-owner occupied: For second home and investment homes, we lend up to 70% of the appraised home value up to the loan amount of $150,000 and 65% with loan amounts between $150,001 and $250,000, less the first mortgage balance. Minimum payments are interest only for the first 10 years followed by 15 years of fully amortized payments (second home) and 12 years of fully amortized payments (investment home). The home equity line of credit variable rate is 0.50% - 2.00% APR plus the prime rate. Actual costs apply for all loans. Initial costs generally range between $500 and $2,500. Maximum home equity line amount is $250,000. An annual fee of $100 will be charged only if the account is inactive for one year. The minimum APR is 5.00% and the maximum APR is 18.00%.
Your purchase of Debt Protection with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Debt Protection with Life Plus. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid.
TruStage is the marketing name for the TruStage Financial Group, Inc. its subsidiaries and affiliates. © TruStage
Skip-a-Loan payment: Members can skip non-consecutive loan payments twice during the life of the loan for vehicle and personal loans, and once in a twelve-month period for Visas. A $25 fee (FINANCE CHARGE) will apply for each loan payment skipped. The fee must be paid in advance by check or automatic withdrawal from your checking, savings or money market account. Loans with co-signers can only be processed upon receipt of a signed agreement by all parties to the loan. Home equity loans, home equity lines of credit, including no-cost refinance, consolidation loans and certificate-secured loans are ineligible for Skip-a-Loan payment. Loan must be current and opened six months with good payment history to be eligible. Other restrictions may apply. See Terms and Conditions. The interest on the loan continues to accrue, and all other terms and provisions remain unchanged. Your deferred payment(s) plus any additional accrued interest will be paid at the maturity of your loan.