Home Equity
Apply Now!Use the equity in your home for home improvements and other large purchases such as autos, appliances, educational needs, etc.
- Home equity loan – Fixed rate, closed-end loan with terms up to 20 years.
- Home equity line of credit – Low variable rates based upon the Prime Rate.*
Both offer:
- No Fees
- No Points
- Loan amounts starting at $10,000
- Borrow up to 80% of the appraised value (up to 100% depending upon loan type selected)
- Terms from 12 to 25 years depending on the loan type selected
- Usually closes in as little as 15 business days
- Interest on the loan may be tax deductible – be sure to consult your tax advisor
- Must be owner-occupied primary residence
- Property must be less than five acres and located in Kern, Tulare, Kings or Fresno County
Fee waiver requires minimum initial disbursement of $10,000 and balance may not decrease below $5,000 during the first three years.
For more information as well as current rates and fees, please contact us and ask for our Home Loan Department or send an email by clicking here.
* – Annual Percentage Rate (APR) is based upon applicant’s credit score. Interest rate is variable and may increase or decrease based upon changes in the Prime Rate. APR cannot increase or decrease by more than 2.00% in any one-year period. Maximum APR that can apply is 15.00%
Effective as of March 1, 2025| TERM | RATE | FEES | ANNUAL PERCENTAGE RATE | MONTHLY PAYMENT PER $10,000 | LOAN-TO-VALUE | LOAN AMOUNTS |
|---|---|---|---|---|---|---|
| 20-Year Fixed Rate | 7.50% | $0 | 7.50% | $80.56 | Up to 80% | $10,000 - $200,000 |
| 12-Year Fixed Rate* | 7.25% | $0 | 7.25% | $104.18 | Up to 90% | $10,000 - $125,000 |
| 12-Year Fixed Rate* | 7.75% | $0 | 7.75% | $106.88 | Up to 100% | $10,000 - $75,000 |
| Home Equity Line of Credit (HELOC)**/# | 7.00% | $0 | 7.00% | $120.00 | Up to 80% | $10,000 - $200,000 |
Annual Percentage Rate – APR
* Home Improvement Loan
**HELOC payments are 1.20% of the monthly principle loan balance during the 10-year draw period. After the draw period, the remaining balance owed will be amortized over the next 15-year repayment period with a minimum payment of $100.00.
#Annual Percentage Rate (APR) is based upon applicants credit score. Interest rate is variable and may increase or decrease based upon changes in the Prime Rate. APR cannot increase or decrease by more than 2.00% in any one-year period. Maximum APR that can apply is 15.00%.
- APR and interest rate quotes are based on a FICO score of 730 or higher.
- Fixed rate second mortgages are a one-time, lump sum distribution.
- Home Improvement Loans require improvements to be completed by a licensed contractor. Funds will be disbursed directly to the contractor upon completion of the work, i.e. solar panels, roofing, pool, windows, etc.
- Home Equity Lines of Credit (HELOCs) have a 10-year draw period (open for advances and payback), and then a 15-year final repayment period. HELOCs are variable rate loans and the APR may increase or decrease based on changes to the Prime Rate.
- Rates, terms, and fees listed are accurate as of the date shown above and subject to change without notice. Rates, terms, and conditions will vary based on credit worthiness and other factors. Conditions and restrictions apply and all loans are subject to underwriting approval.