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Home Equity

Home Equity Loans and Line of Credit (HELOC)

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  • Homeowner loans

    LAPFCU can help you use your home’s equity to get the cash you need for any expense. Borrow up to 80 percent of your home’s value with a home equity loan or HELOC. Our loan programs are designed to meet your needs!

     

    • Fixed rate loans available
    • Open-ended line of credit, secured by your property
    • Up to 80% loan to value¹

  • Rates

    Home Equity Loans

    Fixed Rate APR*
    Fixed Rate Equity Loan Up to 80% Loan to Value
    Up to 84 months 5.000%
    85 – 120 months 5.500%
    121 – 180 months 5.750%
    181 – 240 months 5.990

    EFFECTIVE RATE DATE: May 9, 2019

    *APR = Annual Percentage Rate. 5.00% Fixed APR 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 $14.14 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.

    Home Equity Line of Credit

    Variable APR**Home Equity Line of Credit (HELOC)
    6.250%Up to 80% Loan to Value
    Minimum Line $5,000

    EFFECTIVE RATE DATE: May 9, 2019

    **APR = Annual Percentage Rate. 6.00% Variable APR. 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.

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Questions? Call us 877-695-2732

Disclosures

1LTV’s above 70% must be owner occupied. Maximum term on non-owner occupied properties is 15 years. Loans available on 1-4 family dwellings. Equity Home Loans are available for properties located in California, Arizona, Colorado, Idaho, Montana, Nevada, Oregon and Utah. Payment Example: A $35,000 loan with 5.000% fixed APR for 84 months would cost $14.14 per $1,000 borrowed. All loans are subject to creditworthiness. All Rates and Terms are subject to change without notice.