Home Equity Rates & Terms

The rates and prices quoted below are effective as of 12/03/2008, and are subject to change without notice.
Program Maximum
CLTV		 Maximum
Loan Amount *		 Rate Points APR Est Pmt
Per $1,000 **
Equity Loan - up to 30 Years 80% $500,000 7.750% 0.0 7.750% $9.41
7.500% 1.0 7.663% $9.27
7.250% 2.0 7.572% $9.13
Vacation Home or Rental
Property up to 20 years***		 70% $50,000 8.75% 0 8.75% $8.84
Program Maximum
CLTV		 Maximum
Loan Amount*		 Margin Promo
Rate		 Current
APR		 Est Pmt
Home Equity Line of Credit
Prime Rate - 25 Years
 		 80% $500,000 -0.600% 2.950% 5.000% Interest Only
Vacation Home or Rental
Property***		 70% $50,000 2.00% NA 6.000% Interest Only
Current Index Value: 4.000%
  • Promotional Rate: Limit one promotional rate per property; doesn't apply to subsequent credit limit increases or refinances. The promotional rate applies for the first 90 days on new loans. The promotional rate is not based on the index plus the applicable margin.
  • The fully indexed rate (the index plus the margin) may adjust quarterly. The minimum interest rate is 5.00% and the maximum interest rate is 16%.
  • Payments: The HELOC has an interest only payment feature during the first 10-year draw period. The recommended minimum payment is $100.
  • Equity Loan Payments: To determine Equity loan payments, multiply the number in the Estimated Payments/$1,000 column by the number of thousands of dollars to be borrowed.
  • Annual Cost: No annual fee.

* Maximum loan amount qualifications subject to credit qualification and appraised property value.
** Payment factor is based on a 15 year term.
***Vacation homes or rental properties are eligible for HELOC or Equity Loan.  Maximum amount is $50,000 or 70% CLTV, whichever is less.

Important Information for all Home Equity Loans and Lines of Credit:
  • Property Location: The state of California
  • Cost to Member: Member does NOT pay lender costs on these programs. Member fees may include accommodation-recording fees, title charges to clear or reconvey liens and indemnification due to construction on the subject property.
  • Property Types: Acceptable properties include single-family and/or condominium; two-, three-, or four-unit residences are acceptable as principal residences if the Member lives in one of the units.
  • Insurance: Life and disability insurances are offered through CUNA Mutual Insurance.

CU SoCal offers a variety of real estate loan programs. For more information please visit your branch, our website www.CUSoCal.org or call us at 866 CU SoCal .

We do business in accordance with the Federal Fair Housing Law
and the Equal Credit Opportunity Act.

© 2008 Credit Union of Southern California