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Home Equity Loans

It Pays To Be A Homeowner!

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  • Dream It. Do It. 

    With the equity in your home, take a bucket list vacation, renovate your home, or consolidate debt. You worked hard to buy the home of your dreams. Now let it work hard for you with a home equity loan, home equity line of credit, or cash out mortgage refinance. Borrow up to 80 percent of your home’s value!

     

    • Home Equity Loan: rates starting at 5.00% fixed APR1 with terms up to 240 months
    • HELOC: rates starting at 6.00% variable APR2 with open end line of credit
    • Cash-Out Mortgage Refinance: rates starting at 4.75% APR3 with 0 points4 and 30-year fixed term

  • Rates

    Home Equity Loans

    Fixed Rate APR*
    Fixed Rate Equity Loan Up to 80% Loan to Value
    Up to 84 months 5.000%
    85 – 120 months 5.500%
    121 – 180 months 5.750%
    181 – 240 months 5.990

    EFFECTIVE RATE DATE: February 7, 2019

    *APR = Annual Percentage Rate. 5.00% Fixed APR is based on a loan term of up to 84 months. Minimum loan amount $5,000. Up to 70% combined loan to value (CLTV) and a max term of 15 years for non-owner occupied properties. Up to 80% CLTV and 20-year term on owner occupied properties. Loans available on 1-4 dwellings. Equity loans available in the following states only: California, Arizona, Colorado, Idaho, Montana, Nevada, Oregon and Utah. Payment example: a $35,000 loan with a 5.00% fixed APR for 84 months would cost $14.14 per $1,000 borrowed. $500.00 fee for early termination if closed prior to two (2) years. Property hazard insurance is required. All loans are subject to creditworthiness. All rates and terms are subject to change without
    notice. Other restrictions may apply, ask for details.

    Home Equity Line of Credit

    Variable APR**Home Equity Line of Credit (HELOC)
    6.00% Up to 80% Loan to Value
    Minimum Line $5,000

    EFFECTIVE RATE DATE: February 7, 2019

    **APR = Annual Percentage Rate. 6.00% Variable APR. Variable rates may increase or decrease during the term of the agreement. Maximum life APR cap is 15.99%. Up to 80% combined loan to value for owner occupied properties located in California only. Requires a minimum draw of $5,000.00 at funding. If balance is at zero, a yearly draw of $100.00 is required to avoid the non-usage fee of $75.00. $500.00 fee for early termination if closed prior to two (2) years. Property hazard insurance is required. All loans are subject to creditworthiness. All rates and terms are subject to change without notice. Other restrictions may apply, ask for details.

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Disclosures

1APR = Annual Percentage Rate. 5.00% Fixed APR (rate effective January 31, 2019) is based on a loan term of up to 84 months. Minimum loan amount $5,000. Up to 70% combined loan to value (CLTV) and a max term of 15 years for non-owner occupied properties. Up to 80% CLTV and 20-year term on owner occupied properties. Loans available on 1-4 dwellings. Equity loans available in the following states only: California, Arizona, Colorado, Idaho, Montana, Nevada, Oregon and Utah. Payment example: a $35,000 loan with a 5.00% fixed APR for 84 months would cost $14.13 per $1,000 borrowed. $500.00 fee for early termination if closed prior to two (2) years. Property hazard insurance is required. All loans are subject to creditworthiness. All rates and terms are subject to change without notice. Other restrictions may apply, ask for details.

 

2APR = Annual Percentage Rate. 6.00% Variable APR (rate effective January 31, 2019). Variable rates may increase or decrease during the term of the agreement. Maximum life APR cap is 15.99%. Up to 80% combined loan to value for owner occupied properties located in California only. Requires a minimum draw of $5,000.00 at funding. If balance is at zero, a yearly draw of $100.00 is required to avoid the non-usage fee of $75.00. $500.00 fee for early termination if closed prior to two (2) years. Property hazard insurance is required. All loans are subject to creditworthiness. All rates and terms are subject to change without notice. Other restrictions may apply, ask for details.

 

3APR = Annual Percentage Rate. 30-year fixed rate term payment example (rate effective February 4, 2019): A $250,000 loan with a fixed rate of 4.75%/4.795% APR would have 360 monthly payments of $1,304.12. Payments do not include taxes, insurance, loan level pricing adjustments or third-party vendor fees. All advertised rates and terms are subject to change at any time without notice. All loans are subject to credit approval and applicable LAPFCU policies. Your actual payment may vary. Restrictions apply, ask for complete details.

4Zero points availability may be contingent upon loan-amount-to-property-value ratio and other factors, please ask for complete details.