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Home Equity Loans

A cost-effective way to fund large expenses.

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Use your home's equity for renovations, debt consolidation1 or a large purchase.

 

Loan amounts from $10,000 to $500,000, depending on occupancy type.2

 

Count on a fixed rate and predictable monthly payment.

 

Use the money for almost any purpose.

 

Receive your full loan amount at funding.3

 

Choose a loan term of 10, 15 or 20 years.4

 

No lender origination fees.

Home Equity Loans

Rates as low as
6.750 % APR
CURRENT HOME EQUITY RATES

The Perks of a Home Equity Loan

A Home Equity Loan is a fixed-rate second mortgage you borrow against the equity in your home. You'll get the full loan amount at funding3 to use for almost anything you want — home renovations, large purchases or consolidating debt.1 It's perfect if you know the exact amount you need and want a fixed payment and term. You may also consider a Home Equity Line of Credit, which may work better for ongoing or unexpected expenses. It's an open line of credit to draw from when you need to.

Home Equity Resources

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Home Renovations: Transform Your Space and Your Life

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Home Equity Loan or Line of Credit?

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Get the Right Home Insurance Coverage

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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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Meet With a Loan Consultant

Discuss your options with a real estate loan consultant in person, over the phone or at a branch.

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

(800) 462-8328, EXT. 8288
Disclosures

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

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. Rates listed are effective as of 01/31/2026 and subject to change without notice. Equity loan products are simple interest. This means the amount of interest estimated on the loan is based on the assumption that monthly payments will be made on the precise due date. Any early payments will reduce the final amount due, while any late payments will increase the final amount due. The final amount due may be substantially higher than the amount reflected on the application and must be paid in full on the maturity date of the loan. An approved application is required for a rate to be locked. Lending area: State of California.
 

Property insurance is required. Flood insurance required when applicable.

  1. The relative benefits of a line of credit for debt consolidation depend on your individual circumstances. Home equity loans can be used to consolidate account balances from multiple credit cards or installment loans into a single loan while offering the added benefit of consolidating multiple payments into a single monthly payment. Using home equity for debt consolidation can be beneficial if the repayment period for paying off the home equity loan is shorter than it would be for your existing debts, or if the interest paid over the repayment period is less than what you would pay without consolidating your debt.
  2. Owner-occupied primary residences, from $10,000 to $500,000. Non-owner-occupied properties, from $10,000 to $150,000.
  3. Priority liens will be paid first, and the remaining funds will be accessible.
  4. 20-year loan term is only applicable to owner-occupied borrowers.

NMLS Identifier: 405503

Insurance offered by SchoolsFirst Insurance Services, LLC subsidiary of SchoolsFirst Federal Credit Union. CA Insurance License 0I19344. Insurance products: 1) are not NCUSIF insured; 2) and are not obligations of or guaranteed by the Credit Union or any affiliated entities. Insurance products are not available in all states. Purchasing an insurance product from SchoolsFirst Insurance Services is not required to originate a loan with SchoolsFirst FCU.