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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. The Police Credit Union 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. The Police Credit Union will help you make the most of your home to improve your life.

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Features & Benefits

  • 4.0% APR*, 2-year fixed introductory rate
  • 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 4.0% 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 Rate as published in the Wall Street Journal (“Index”) + Margin%. The amount of the margin may vary, depending upon individual credit history.

Home Equity Line of Credit
Rates Effective: July 15, 2019
Property TypeDraw/Repay PeriodRate
Owner Occupied Properties $10k - $300k10-Year/20-Year4.00%*/Prime + Margin
Investment Properties $10k - $300k10-Year/20-YearPrime + 1.000%**

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Have questions? Get in touch using the form below, and we’ll guide you through the process.

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Owner Occupied:* The fixed introductory rate is 4.00% 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). Rates thereafter based on Prime Rate as published in the Wall Street Journal (“Index”) + 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. The Police Credit Union 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 Rate as published in the Wall Street Journal (“Index”). + 1.000% 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 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. The Police Credit Union 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 The Police Credit Union Home Equity Line of Credit today through our online loan application or by calling The Police Credit Union at 800.222.1391. You also can visit one of our convenient branches.