Home Equity Line of Credit

Home Equity Line of Credit

Whether you need to fix up your house, consolidate debt, pay college tuition or anything else – WE CAN HELP MAKE IT HAPPEN.

Apply today and take advantage of our 6-month introductory1 rate of 3.99%APR*

  • flexible and ongoing access to cash
  • Only pay interest on what you use2
  • Use funds for whatever you need3
Summary
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified Cooperative Center checking account
  • Set up automatic payments to be deducted from your account monthly
  • Local East Bay area decision-making and processing
  • Helpful, customized service throughout the entire process

Learn more about home equity lines of credit.

*APR = Annual Percentage Rate (1) Introductory rate of 3.99% is for the first six months of the loan. Minimum APR is 5% after the promotional introductory period. The annual percentage rate can change quarterly on the first day of January, April, July and October. There is no limit on the amount by which the APR can change during any one year period. The maximum ANNUAL PERCENTAGE RATE that can apply is 16% of the maximum permitted by law, whichever is less. However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 5% at any given time during the term of the plan. (2) Minimum payment example: 15 yr HELOC (5 year draw period) If you made the minimum payments over the draw period or an advance of $10,000 at a rate of 5% your monthly payment would be $79.08. Minimum payment example: 15 yr HELOC (7 year draw period) If you made the minimum payments over the draw period or an advance of $10,000 at a rate of 5% your monthly payment would be $75.00. Your payment will remain the same unless you obtain another credit advance or the current rate increases or decreases, at which time we will recalculate it to repay the balance at the current APR by the end of the repayment period. (3) This is not an offer of credit. On approved credit. Offer expires May 31, 2018.