HOME EQUITY LINES OF CREDIT

If you own your home, a Home Equity Line of Credit (HELOC) can be an affordable way to finance home repairs or improvements, pay for medical expenses, consolidate higher-rate debt, finance large purchases (like education or a second home), or simply serve as an emergency fund to pay for unexpected expenses. And our rates are some of the lowest in the U.S.

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.

We offer two HELOC options: Standard and Rate Advantage.

Standard HELOC

Promotional rate as low as 6.490% APR for the first six months.^1,2 SEE ALL HELOC RATES & TERMS.
After the first six months, the rate is variable and subject to change after opening (7.250% – 10.750%).
Available on single-family homes and condos located in the state of California.³
Loan amounts available from $10,000 to $500,000 depending on occupancy type.⁴
No lender origination fees.⁵
Advances can be made during the first 10 years.
Interest-only payments for first 10 years; remaining 15-year term is fully amortized.
Easily transfer funds to your SchoolsFirst FCU checking account.

Rate Advantage HELOC

In addition to, or in place of, standard HELOC features:

As low as 7.750% APR. SEE ALL HELOC RATES & TERMS.
Fixed rate for the first five years; variable thereafter.
Loan amounts available from $10,000 to $500,000 depending on occupancy type.⁴

IS A HELOC A GOOD FINANCIAL MOVE?

REMODELING TRENDS THAT INCREASE A HOME’S VALUE

GET STARTED

Let's chat

Our loan consultants will answer your questions about financing and compare different loan options to find a loan that's right for you.

Call (800) 462-8328, ext. 8288

Monday through Friday, 8 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.

Or make an appointment with a loan consultant in person, over the phone or at a branch.

Submit an application

Apply online through our application platform. Log in with your SchoolsFirst FCU user name and password, or as a guest.

If we aren't the best deal, we'll tell you.

If you've shopped around, we'll gladly compare your options to help you make a confident choice — even if that means choosing another lender.

Disclosures

The pricing you may qualify for is based on factors including your credit rating and the combined loan-to-value (CLTV) of your property. A minimum credit qualifying score is required. Pricing effective as of 11/20/2024 and subject to change without notice. An approved application is required for pricing to be determined. Variable rate; rate and payment subject to change after account opening. All loans subject to approval. The highest APR that can be charged is 18%. 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.

The 6.49% APR promotional rate is not available for investment properties or second homes and cannot be applied to the Rate Advantage HELOC. Not all Members will qualify for 6.49% APR.
This promotion is available for Standard HELOC applications submitted no later than 12/31/2024.
Property Construction/Sale: The borrower is required to wait until loan funds are received to begin work on the property. A property with construction already in progress may not be eligible. If approved, additional fees will be required. Properties currently listed for sale are not eligible.
Owner-occupied primary residences, from $10,000 to $500,000. Non-owner occupied properties, from $10,000 to $150,000.
Some closing costs may be incurred if title charges are required to clear or transfer liens on the subject property. The borrower is responsible for these costs.