Cover immediate expenses or unlock exciting opportunities
Consider it extra money for almost anything life brings your way. A Home Equity Line of Credit (HELOC) lets you borrow money as you need it, and funds become available again as you make monthly payments – similar to a credit card, but with a much lower rate. You can consolidate debt to pay off higher-interest loans and credit card balances. Or you can start that home renovation project you've been thinking about, purchase a new vehicle, take a family vacation, cover college costs – the possibilities are numerous and all up to you.
- Available for owner-occupied, California-based primary residences
- Borrow up to 80% of your home’s combined loan-to-value
- Open a line starting from $25,000 to $250,000
- Easily access funds through Online/Mobile Banking transfers or by check
- Improved rate stability with periodic rate caps
- Pay interest only on the amount of money you use
- Annual interest payment may be tax-deductible1
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INTRODUCTORY PERIOD
fixed-APR at
5.99%
for the initial 12 months1
AFTER INTRODUCTORY PERIOD
variable-APR as low as
7.50%
(or as high as 15.50%)
Disclaimers
All loans are subject to credit approval and all First Financial Credit Union (FFCU) policies and procedures. Loan rates are based on creditworthiness, credit score, collateral criteria, a maximum combined loan-to-value (CLTV) of 80%, and are subject to change without notice. Other restrictions may apply. An approved application is required for APR to be determined. The APR is a variable rate. Your APR and payment are subject to change after the introductory 12-month period. All loans are subject to approval. Owner occupied residences only. Adequate homeowner’s insurance coverage is required. Eligible properties are primary residence single-family homes and Planned Unit Development (PUD) properties and condominiums. The borrower is required to wait until the loan funds are received to begin work on the property. A property with construction already in progress may not be eligible. Properties currently listed for sale are not eligible. This promotion is only available for new credit lines (current FFCU HELOCs are not eligible for the 5.99% promotional rate). Call for complete details. Rates and terms are subject to change without notice.
APR = Annual Percentage Rate
CLTV = Combined Loan-To-Value
1Consult a tax advisor regarding the deductibility of interest.
2APR=Annual Percentage Rate. Actual APR after the introductory period depends on your credit qualifications and whether you elect to make automatic payments from an FFCU Checking account. If automatic payments from a FFCU checking account are declined, your APR will be higher by 0.25%. Your initial APR after the introductory period could range from 8.25% to 15.50% (based upon the current Index) depending on your creditworthiness and whether you elect automatic payments, and may change on the first APR adjustment date. The introductory discounted 5.99% APR is fixed at funding for the first 12 months (365 days). After the introductory period, your APR converts to the then-current Prime Rate (the “Index”) plus your Margin and is variable and subject to change on the first day of each calendar quarter based on changes in the Wall Street Journal Prime Rate. Based on the current Index and a Margin of 0.75% (your Margin could be different), the APR that would apply after the introductory period until the first APR adjustment date under the plan would be 8.25%. Your margin depends on your credit qualifications and whether or not you elect to make automatic payments from an FFCU Checking account. Maximum APR 15.50%.
