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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 5.500%
    85 – 120 months 5.750%
    121 – 180 months 6.000%
    181 – 240 months 6.250%

    EFFECTIVE RATE DATE: November 18, 2022

    *APR = Annual Percentage Rate. 5.500% fixed APR is based on a loan term of up to 84 months. Minimum loan amount $5000. Maximum loan-to-value is 80% for owner occupied properties, and 70% for non-owner occupied properties. Maximum term on owner occupied properties is 20 years, and 15 years on non-owner occupied properties. Loans available on 1-4 family dwellings. Property hazard insurance is required. Home Equity Loans are available for properties located in California, Arizona, Colorado, Idaho, Montana, Nevada, Oregon and Utah. 7-year rate term payment example (effective date November 18, 2022): $35,000 loan with 5.500% fixed APR for 84 months would cost $14.37 per $1,000 borrowed. All loans are subject to credit approval and applicable LAPFCU policies. All advertised rates and terms are subject to change without notice. Your actual payment may vary. Restrictions apply, ask for complete details.

    Home Equity Line of Credit

    Variable APR**Home Equity Line of Credit (HELOC)
    6.25%Up to 80% Loan to Value
    Minimum Line $5,000

    EFFECTIVE RATE DATE: October 1, 2022

    **APR = Annual Percentage Rate. 6.25% Variable APR (rate effective October 1, 2022). Variable rates may increase or decrease during the term of the agreement and is tied to the (WSJ) Prime Rate + 0.75% margin. Maximum life APR cap is 16%. Property hazard insurance is required. 80% combined loan to value for owner occupied or second home properties located in California only. All loans are subject to creditworthiness. $500.00 fee for early termination if closed prior to two (2) years. 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. 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 $14.13 per $1,000 borrowed. All loans are subject to creditworthiness. All Rates and Terms are subject to change without notice.