Dream It. Do It. With The Equity In Your Home.
You worked hard to buy the home of your dreams. Now let it work hard for you with an LAPFCU home equity loan, home equity line of credit, or cash-out mortgage refinance. Think of what you can do with the extra cash!
Whether you want to take a bucket list vacation, renovate your home, or consolidate debt, extra money from a loan, HELOC, or cash-out refi will open up new possibilities to enjoy life now. Borrow up to 80 percent of your home’s value!
Take a look at LAPFCU’s home equity programs.
- Home Equity Loan: rates start at 5.00% fixed APR1 with terms up to 240 months
- HELOC: rates at 5.75% variable APR2 with open end line of credit
- Cash-Out Mortgage Refinance: rates at 4.75% APR3 with 0 points4 and 30-year fixed term
To apply for one of these programs, apply now. Call 877-MY-LAPFCU (877-695-2732) or stop by your nearest branch for more information.
1APR = Annual Percentage Rate. 5.00% Fixed APR (rate effective December 27, 2018) 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. 5.75% Variable APR (rate effective December 27, 2018). 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 December 27, 2018): 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. 1218-42