Home Loans

Home Equity Line of Credit

Your sweat equity has increased the value of your California home. Now you can capitalize on your hard work by opening a Home Equity Line of Credit. SFPCU provides these lines of credit to members who are interested in achieving financial goals such as covering college expenses, consolidating high-rate debt, creating a financial cushion for emergencies and much more.

Our HELOC features a fixed introductory rate for two years before entering a variable rate stage. SFPCU will help you make the most of your home to improve your life.

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Features & Benefits

  • 3.50% APR*, 2-year fixed introductory rate
  • Rates as low as 4.00% APR* variable rate thereafter
  • Credit limits from $10,000 to $300,000
  • Borrow funds as needed, up to your credit limit
  • No application fees
  • Quick approval process
  • Free checks for easy access to funds
  • Possible tax savings (consult your tax advisor)  

*APR = Annual Percentage Rate. The fixed introductory rate is 3.50% APR for the first 24 months and valid on Owner Occupied Properties only (Investment properties and/or the refinancing of an existing HELOC secured by same property are not eligible). Rates thereafter based on Prime + margin %. As of October 29, 2014, the Prime Rate is 3.25%. The amount of the margin may vary, depending upon individual credit history.

Home Equity Line of Credit
Rates Effective: May 1, 2015
Property TypeDraw/Repay Period APR
Owner Occupied Properties $10k - $300k 10-Year/20-Year3.500%*/Prime + Margin
Investment Properties $10k - $300k 10-Year/20-YearPrime + 1.000%**

Owner Occupied:* The fixed introductory rate is 3.50% APR for the first 24 month and valid on Owner Occupied Properties only (Investment properties and/or the refinancing of an existing HELOC secured by same property are not eligible). As of July 30, 2014, the Prime Rate is 3.25%. Rates thereafter based on Prime + Margin; The amount of the margin may vary, depending upon individual credit history; Quarterly adjustments; January, April, July, October; Floor Rate 4.00%; Ceiling Rate 15%; Maximum Combined Loan-to-value 80% Owner-occupied; A $100 inactivity fee will be imposed if the balance is $0.00 for 12 consecutive months. Administration fee: $250 if line closed within 1 year. Property insurance is required; flood insurance may be required. SFPCU will pay the flood determination, tax service, credit report and deed of trust recording fees only. The applicant will pay for all other fees, including the appraisal and title fees. Typical fees range from $200 - $1,600. Offer good for primary and second homes in California.

Investment Properties (Non-owner Occupied): **Rate based on Prime + 1.000% Margin. As of July 30, 2014, the Prime Rate is 3.25%. The amount of the margin may vary, depending upon individual credit history; Quarterly adjustments; January, April, July ,October; Floor Rate 4.00%; Ceiling Rate 15%; Maximum Combined Loan-to-value 75% Non-Owner-occupied; A $100 inactivity fee will be imposed if the balance is $0.00 for 12 consecutive months. Administration fee: $250 if line closed within 1 year. Property insurance is required; flood insurance may be required. SFPCU will pay the flood determination, tax service, credit report and deed of trust recording fees only. The applicant will pay for all other fees, including the appraisal and title fees. Typical fees range from $200 - $1,600.

Apply for an SFPCU Home Equity Line of Credit today through our online loan application or by calling SFPCU at 800.222.1391. You also can visit one of our convenient branches.

Financial Services for First Responders
  • Federally insured by the National Credit Union Administration
  • Equal Housing Opportunity
  • NMLS ID# 409710

APR = "Annual Percentage Rate". Actual APR is based on your credit profile and may be higher than the lowest rate available. Posted rates may include promotional discounts and other terms and conditions. APY = "Annual Percentage Yield". Rates are subject to change without notice.

SFPCU proudly provides banking and loan solutions for police, firefighters, EMTs and other first responders and their families in CA and beyond. Member eligibility

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