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Rates effective as of April 17, 2014
Home Equity Loans
Annual percentage rates are subject to change. 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 50% on the remaining home value, less first mortgage balance. Minimum loan amount is $15,000; maximum loan is $600,000. 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. Loans over $100,000 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.
Non-owner occupied: For second homes and investment homes, we lend up to 70% of the appraised value to a maximum of $500,000 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, PrimeLine First, Under the Roof, and Under the Roof 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/Under the Roof variable rate is 0.50% APR less than the prime rate and the PrimeLine First/Under the Roof 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: Credit limited to California owner-occupied residences and subject to all Credit Union policies and procedures. Property insurance is required. Member is responsible for all property insurance and taxes. Minimum loan amount is $50,000. Actual costs apply for loans less than $50,000. Maximum loan amount is $500,000. We lend up to 80% of the appraised home value up to $500,000. Rate increases by 0.25% APR for loans over $417,000. Rate increases by 1.00% APR for loans not repaid by automatic payment. Other restrictions may apply. Call for details. Representative example: Pay $13.44 per month per $1,000 borrowed for 84 months at 3.49% APR.