Flexible Borrowing. Just Say When.

From home improvements and new appliances to financing higher education expenses or even purchasing your next car, a Home Equity Line of Credit (HELOC) is a great way to finance your dreams. CU SoCal’s HELOC is a revolving Line of Credit, which allows you to draw on the existing equity in your home at any time.

Home Equity Line of Credit features
  • 2.95% APR1 for 12 months.
  • No appraisal fee (a $400 savings).
  • No points, no up-front costs.2
  • A generous limit of up to $250,000.
  • A low floor rate of 4.5% ARP.

Interest-Only HELOCs

CU SoCal offers an interest-only option with our Home Equity Line of Credit. Paying only the interest due each month gives you the flexibility to keep payments low during the 10-year draw period of your HELOC.

If you currently have a HELOC and would like to convert your existing loan to interest only, please call 866.287.6225 to speak a Consumer Loan Officer for details.

Apply for your Home Equity Line of Credit today!

Home Equity Loan or Line of Credit—Which one is right for you?

1 APR=Annual Percentage Rate. The introductory discounted 2.95% APR (intro rate) is fixed for the first 12 months (365 days), after which it will convert to the current Prime Rate plus margin or the floor rate, whichever is higher, and will be variable and subject to change quarterly. Maximum rate is 16%. Intro 2.95% APR is available on one property and does not apply to subsequent credit limit increases, refinances, and previous or existing CU SoCal HELOCs. A $10,000 immediate draw is required upon opening. Maximum loan amount is subject to credit qualification and appraised property value. Members must credit qualify. 2 Member does NOT pay lender costs.

Early closure cost reimbursement may apply—if the HELOC is closed within 36 months of the open date, the Member will reimburse CU SoCal all third party fees incurred at closing. Acceptable properties include single family, condominium and, two-, three-, or four-unit properties (as long as one unit is occupied by Member). NMLS #454788.

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