Formerly California State & Federal Employees’ Credit Union
For a limited time, we are covering the appraisal fee and closing costs when you open a Home Equity Loan with us.¹ Not just for home improvements, Home Equity Loans are also great for consolidating bills, paying for college tuition, or purchasing an auto or RV.
Home Equity Loan
Term: 15 years
6.50%, 6.51% APR²
Home Equity Line of Credit
Term: 7-year draw; 22-year repay
as low as 4.25% APR³
¹Appraisal fee and closing costs are waived with a minimum draw amount of $20,000. Loan or credit line must be open for a minimum of 3 years. Loan or credit line closed prior to 3 years of the open date is subject to reimbursement of all original waived fees and will be added to the payoff balance. ²APR – Annual Percentage Rate. ³Variable Rate: Variable adjusts every January 1 and July 1. Index is the 1 Year-Treasury Bill plus a 1.75% margin rounded up to the nearest quarter percent. Maximum change per change date is 1.00%. Maximum cap is 9.75% APR. Payments are amortized over 22 years or $100, whichever is greater. Rates and terms effective 06/11/2018 and are subject to change or discontinue without notice. 80% of appraised value less balance of First Mortgage. All rates apply to single family dwellings located in the state of California. The APR is based on a loan amount of $100,000. Loan approval subject to credit, income and property appraisal. Rate is not locked until final loan approval and offers may be withdrawn at any time. All terms and conditions are subject to change without notice. Call representative for additional details at 800-440-8662.