Home Equity Lines of Credit - HELOC

Our variable* rate loan offers you an open-ended line of credit that is secured by your property. You choose when and how you spend the equity in your home, up to the approved amount of your loan. You may also designate your Home Equity Line of Credit as Overdraft Protection in conjunction with your other LAPFCU Accounts.

Our Variable* rate Home Equity Loan (HELOC) offers the opportunity to

• Borrow up to 80% of the appraised value, less encumbrances of your owner-occupied 1-4 unit home, on properties in California only.

Additional important information includes the following:

• No appraisal fee,
• No title fee & recording fee,
• No document preparation fee,
• No processing fee,
• No escrow fee,
• No credit report fee,
• No underwriting fee,
• No tax service fee,
• No flood track fee,
• In many cases, the interest paid on an equity loan may be tax deductible (you should consult a tax advisor for information on your particular situation).
• Second and third trust deeds are available (with restrictions)
• The minimum loan amount is $5,000 and the maximum loan amount is $1,500,000 or up to 80% of the appraised value of the property.
• You must meet established credit qualification guidelines
• A minimum advance of $5,000 is required - subsequent advances in $100 increments

Click here for variable Home Equity Loan rates!

*The annual percentage rate (APR) may increase or decrease during the term of the agreement. Property insurance is required. The rate cap is 16%.

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