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Home Equity Lines of Credit

Our rates are among the lowest in the nation.

An affordable solution to use your home's equity to fund renovations, large purchases or consolidate debt

 

Standard HELOC offers a variable rate.

 

Rate Advantage HELOC offers a fixed rate for the first five years, then a variable rate after.

 

Advances can be made during the first 10 years.

 

Loan amounts available from $10,000 to $500,000, depending on occupancy type.1

 

No lender origination fees.

 

Interest-only payments for first 10 years; remaining 15-year term is fully amortized.

Standard Home Equity Line of Credit
as low as

7.000 % APR

Rate Advantage Home Equity Line of Credit
as low as

7.500 % APR
Home improvement of kitchen cabinets being built and installed.

How a Home Equity Line of Credit Works

When you have a project or large expense, a HELOC is an open line of credit, with a variable rate, that you draw from only as you need to. If you prefer a fixed rate and know exactly how much you need to borrow — and want it all at funding — you might want to consider a Home Equity Loan.

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Six Years in a Row

For six consecutive years, we've been recognized by Forbes as the No. 1 Best-In-State Credit Union in California.

 

Home Loan Resources

The Sweet Spot for Refinancing Your Mortgage

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Home Equity Loan or Line of Credit?

Get the Right Home Insurance Coverage

Protect Your Biggest Investment

  • Homeowners Insurance: Make sure you're protected from losses due to fire, lightning, burglary, vandalism, storms and more.
  • Condominium Insurance: Get coverage for interior walls and floors, personal property and personal injury.
  • Earthquake Insurance: This separate policy helps you recover, replace and rebuild if a tremor damages your home.
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Discuss your options with a real estate loan consultant in person, over the phone or at a branch.

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Disclosures

APR = Annual Percentage Rate. All loans subject to approval.

The interest rates and APRs listed above are effective as of 01/18/2025 and are subject to change without notice. The pricing you may qualify for is based on factors including your credit rating and loan-to-value (LTV) of your property. A minimum credit qualifying score is required. Loan pricing that you may qualify for can be different based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, loan purpose and income/financial obligations. Rates and programs are subject to change without notice. Lending area: State of California.
 

Property insurance is required. Flood insurance required when applicable. Annual Maintenance Fee for HELOCs: $50. Fee will be waived if payments are automatically transferred from a SchoolsFirst FCU Share Savings or Checking account.

  1. Owner-occupied primary residences, from $10,000 to $500,000. Non-owner occupied properties, from $10,000 to $150,000.

NMLS Identifier: 405503

CA Insurance License 0I19344. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.