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Home Equity Loan Rates

Rates effective as of May 25, 2017

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

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Loans subject to all credit union policies and procedures. Property insurance is required. Flood insurance may apply. No manufactured or mobile homes. Member is responsible for payment of all insurance and property taxes. Rates increase by 0.25% APR for loans over $424,100.

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 $10,000; maximum loan is $625,500. An early closure fee of $100 plus actual set up costs will be imposed if loan is closed within two years of opening. Notary and reconveyance fees are the responsibility of the borrower. Representative example: Pay $8.98 per month per $1,000 borrowed for 180 months at 6.99% APR with up to 80% LTV.

Second homes and investment properties: We lend up to 70% of the appraised home value to a maximum of $625,500. Maximum term for second homes is 15 years; maximum term for investment properties is 12 years.

All home equity lines of credit: Limited to California owner-occupied residences. Minimum payments are interest only for the first 10 years followed by 15 years of fully amortized payments. 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 set up costs apply for loans over $250,000. Initial setup fees generally range between $500 and $1,000 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%.

On the House loan: We lend up to 80% of the first $500,000 in appraised home value and 70% on the remaining home value for California primary residences. We lend 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 $424,100. 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. Representative example: Pay $7.09 per month per $1,000 borrowed for 180 months at 3.375% APR with up to 80% LTV. Taxes and insurance are not included in this calculation.

7-year product: Minimum loan amount is $50,000. Actual set up 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 set up costs apply for loans less than $15,000. Maximum loan amount for second homes and investment properties is $625,500.

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