Home Equity

If you're a homeowner, we'll show you how to tap your equity easily and affordably for any purpose.

Second Trust Deeds

A closed-end, fixed-rate equity loan that's ideal when you're borrowing for a specific purpose.

View our Rates or Download Application

Home Equity Line of Credit (HELOC)

Turn your equity into cash you can use for anything you choose with a Home Equity Line of Credit (HELOC). You only need to apply once; a credit limit will be established for you upon approval. Since you pay interest only on the amount you actually use, a HELOC won't cost you a penny until you need it. It's perfect for an "emergency" fund.

Eligible members can borrow up to 80% of the property value. Loan limits range from 10,000 to 200,000 depending on combined loan to value and credit score. Here are some of the features of HELOC:

• Interest Only terms available.
• Up to 80% of Combined Loan to Value(CLTV) not to exceed $200,000.
• Pay only on the amount you borrow.
• 100% advance availability.
• No upfront costs or annual fees.
• Adjustable interest rate tied to WSJ Prime.

HELOCs are convenient for funding your intermittent needs, such as

• Making home improvements.
• Buying your next car.
• Paying college tuition.
• Consolidating your debts, paying off credit cards.
• Investing in other real estate.
• Using the funds for a well deserved vacation.

Interest Only or Traditional HELOC
Because the balance of a HELOC may change from day to day you pay interest on what your borrowed. You can chose the lowest payments by choosing an Interest Only HELOC which allows you to pay only the interest on the loan for up to ten years. After ten years this loan will amortize out over the next 15 years. Or you can choose a Traditional HELOC where your payment is higher but your loan is paid off sooner because you are making principle and interest payments.

View our Rates or Download Application or view Early Federal Disclosures for Interest Only or Traditional HELOC.

Your interest rate is adjustable to the Wall Street Journal Prime Rate. Interest rates are based on your credit history and combined loan to value(cltv).