Rates

Your home can become a great source for funding major expenses.

Details
  • Competitive rates for larger, one-time needs:1
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more
  • The existing equity in your home is used as collateral backing
  • The interest paid may be tax deductible3
  • Line of credit also available (see below)
  • No application fees or closing costs
  • Finance up to 90% CLTV; up to a maximum of $100,000
  • Wide variety of terms; choose up to 20 years2
  • No prepayment penalty
  • Local decision-making and processing right here in the Greater Sacramento area
  • Helpful, customized service throughout the entire process 

Wondering if a home equity line of credit is better for you? Your friendly and knowledgeable HCCU Member Home Finance Specialist can answer your questions at 916.364.1700.

Home Equity Lines of Credit (HELOC)

Unlike a traditional home equity loan, once approved you can access your line of credit as much or as little as you want. 

  • Competitive rates for a wide range of ongoing expenses:1
    • Home improvements
    • Medical expenses
    • Renovation projects
    • And more
  • Direct, anytime access to funds without reapplying
  • Revolving credit – when you repay, your limit is replenished for future borrowing
  • Affordable payment plans
  • Only pay interest on the part that's used
  • Enjoy variable rates for the life of your loan
  • Finance up to 80% CLTV; up to a maximum of $100,000
  • The interest paid may be tax deductible3
  • Local decision-making and processing right here in the Greater Sacramento area
  • Helpful, customized service throughout the entire process

1Subject to credit approval and property valuation. APR, terms & conditions subject to change. Property insurance required; flood insurance may be required. Limited to owner-occupied one-to-four family unit properties located in California. Excludes manufactured homes, mobile homes, and commercial properties. Other restrictions on property may apply.

2$50,000 at 8.49% APR requires 239 monthly payments of $433.78 with a final payment of $396.49.

3Consult a tax advisor.