Equity Lines of Credit
Whether it’s college tuition, a major family vacation or a kitchen remodel, with low rates and flexible terms, a County Federal Equity Advantage Line of Credit can help you get exactly what you need or want.
How you use the money is entirely up to you. But one thing is for sure, it’s a great time to put the equity in your home to work for you.
So go ahead – Think Big!
Equity Advantage Offers
• Rates as low as 3.50% APR*
• No Closing Costs
• Maximum loan to value up to 85% (LTV)
• Easy access with free Convenience Checks and online transfers
• Periodic rate cap of .50%
• Maximum rate cap of 15%
• Annual fee of $20 (waived for the first year, or if you maintain an average daily balance of $20,000 or “Gets Better” Option)
Equity Advantage PLUS Line of Credit
We offer an equity product on second residence or vacation homes: the Equity Advantage Plus. This program offers you the opportunity to take a home equity line of credit on a second home such as a retirement, or vacation home. Rental homes are not eligible. As long as the equity available meets the maximum LTV guideline, you can take a maximum equity line of up to $250,000.
Click here for Home Equity disclosure
*APR= Annual Percentage Rate. APRs quoted are our best rates and are accurate as of 04/01/2016, subject to change. 3.50% APR up to 70% LTV. 3.75% up to 75% LTV. 4.00% up to 80% LTV. 4.50% up to 85% LTV. Rate based on the Prime Rate (published in the Wall Street Journal) plus a margin as outlined in the Home Equity disclosure, with a floor as low as 3.5%. The minimum floor rate you receive will be based on the loan-to-value (LTV) ratio. Maximum LTV up to 85%. The annual percentage rate can change quarterly on the first day of January, April, July and October. We will use the most recent index value available to us as of 15 days before the date of any annual percentage rate adjustment. The rate cannot increase or decrease more than 0.5 percentage points at each adjustment. Maximum cap of 15.0% APR. Minimum draw of $300. Annual fee of $20 is waived for first year, or waived if you maintain an average daily balance of at least $20,000 for the prior 12 months. If we have paid third party fees on your behalf, you will be liable to reimburse us these fees if you close the plan within two years of its opening (we may add the amount owed to your outstanding principal balance). Home must be 1 to 4 units, owner occupied or second home, California properties only. This offer may not be available with balloon or negative amortization first mortgage or third liens. All loans subject to credit approval and our Credit Union lending policies. See disclosure for important terms of our Equity Advantage and Equity Advantage Plus program.
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