Home Equity Loan Rates

Rates effective as of August 25, 2016

Home Equity Loans
  Annual Percentage Rate (APR) Term
Home Equity Loan 4.490% 60
Home Equity Loan 4.990% 84
Home Equity Loan 5.990% 120
Home Equity Loan 6.990% 180
Home Equity - Second Home 8.490% 180
Home Equity - Investment Home 8.490% 144
On The House Refinance - 7-year   2.990%   84
On The House Refinance - 15-year 3.375% 180
On The House Refinance -
15-year Second Home 
4.875%  180
On The House Refinance -
15-year Investment Home 
4.875%  144
PrimeLine -
Home Equity Line of Credit
4.500% n/a
PrimeLine First -
Line of Credit Refinance
4.500% n/a

Annual percentage rates (APRs) are subject to change. Loans subject to all credit union policies and procedures.  Home equity loan rates increase by 0.25% APR for loans over $417,000. All home equity loans and lines of credit for owner-occupied properties: Credit limited to California properties of five acres or less and 4 units or less. We lend up to 80% of the first $500,000 in appraised home value and 70% on the remaining home value, less first mortgage balance. Minimum loan amount is $15,000; maximum loan is $625,500. An early closure fee of $100 plus actual costs will be imposed if loan is closed within two years of opening. Notary and reconveyance fees are the responsibility of the borrower. All persons on the property title are required on the loan application. All real estate loans require income verification. No manufactured or mobile homes. A fee applies to reduce the rate of an existing home equity loan: $300 for loans up to $250,000; $500 for loans over $250,000.

Owner-occupied: Representative example: Pay $8.98 per month per $1,000 borrowed for 180 months at 6.99% with up to 80% LTV.

Non-owner occupied: For second homes and investment homes, we lend up to 70% of the appraised value to a maximum of $625,500 and a maximum term of 12 years. Please call (888) 858-6878 for the current rates and details. Representative example: Pay $9.84 per month per $1,000 borrowed for 180 months at 8.49% with 70% LTV.

All home equity lines of credit, including PrimeLine and PrimeLine First: Rates change with the prime rate as published in the 'Money Rates' section of the Wall Street Journal. These are variable-rate loans, the rate may change monthly. The PrimeLine variable rate is 0.50% APR less than the prime rate and the PrimeLine First variable rate is 0.75% APR less than the prime rate. Actual costs apply for loans over $250,000. Initial setup fees generally range between $500 and $700 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 4.50% and the maximum APR is 18.00%. This information is subject to change. Other restrictions may apply. For current information, please call a real estate representative at (888) 858-6878.

On the House Loan: Property insurance is required. Member is responsible for all property insurance and taxes. We lend up to 80% of the appraised home value up to $2,500,000 for California primary residences and up to 70% of the appraised home value up to $625,500 for California second homes and investment properties. Rate increases by 0.25% APR for loans over $417,000. An early closure fee of $100 plus actual costs will be imposed if the loan is closed within two years of opening. Notary and reconveyance fees are the responsibility of the borrower. All persons on the property title are required on the loan application. No manufactured or mobile homes. 7-year product: Limited to California owner-occupied residences. Minimum loan amount is $50,000. Actual costs apply for loans less than $50,000. 15-year product:  Limited to California owner-occupied residences, second homes and investment properties. Minimum loan amount is $15,000. Actual costs apply for loans less than $15,000. Maximum loan amount for second homes and investment properties is $625,500.  Other restrictions may apply. Call for details.

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