Home Equity Loan
& Lines of Credit

Instant online approval up to $100,000 – with no application fee!



Rates as low as 3.99% APR1 for Home Equity Line of Credit Apply Now
Rates as low as 5.00% APR1 for 7-Year Home Equity Loan Apply or get Pre-Approved

Looking to use the equity in your home to secure some extra cash?

With a low-rate Patelco Home Equity Loan or Line of Credit, we can get you the funds you need quickly and affordably, with no closing costs on Home Equity Loan and no closing costs on line of credit amounts up to $100,000.1

  • Amounts up to $250,000
  • No closing costs on equity loans and no closing
    on Line of Credit up to $100,000
  • Interest may be tax-deductible2
  • And more!

  1. APR = Annual Percentage Rate. Rates and terms shown are accurate as of May 8, 2015, and apply to a Home Equity Line for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Lines of Credit are only available in California on owner occupied and vacation or second homes.

    The minimum periodic payment for line of credit is interest-only for the first ten years ('draw period') followed by fully-amortizing payments to repay the balance over the final fifteen years. No draws will be allowed during the repayment period. Payments and rate can adjust monthly. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest.

    Line of credit rate is calculated using an index plus a margin. The index used is the Prime Rate as published in the Wall Street Journal Western Edition on the last business day of the month prior to the change. The current prime index is 3.250. The minimum credit line amount is $10,000 and the maximum is $250,000. Patelco Credit Union will pay customary closing costs on lines up to $100,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $100,000. Closing costs range from $0 to $2,500. Borrower may be required to pay a notary fee varying from $1 to $40 to execute the loan documents. Read the HELOC Program Disclosure here (PDF). NMLS ID Number is 506373.
  2. Consult your tax advisor.

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.

Home Equity Loans

Get the funds you need quickly and affordably by securing a low-rate home equity loan from Patelco.

  • High Loan Amounts – Up to $250,000
  • Terms of 7, 10,15, and 20 years
  • No closing costs regardless of loan amount
  • Interest may be tax-deductable2
  • Fixed interest rate
  • Fixed monthly payments

Not quite sure how you’ll be using the money or how much you’ll need?

A Home Equity Line of Credit (HELOC) may be a better solution.


  1. APR = Annual Percentage Rate. Rates and terms shown are accurate as of May 8, 2015, and apply to a Home Equity Loan for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Loans are only available in California on owner occupied and vacation or second homes.
  2. Consult your tax advisor.

Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.

Home Equity Lines

Secure extra funds quickly and affordably with a low-rate home equity line of credit from Patelco. Avoid high credit card rates by using the equity of your home as collateral. Apply for our Home Equity Line of Credit:

  • Lines up to $250,000
  • No closing costs program on amounts up to $100,0001
  • Interest may be tax-deductable2
  • Easy access to funds – online banking, convenience checks, or withdrawals at any Patelco branch
  • Great for home improvement projects, replacing old appliances, a much-needed vacation, consolidating debt…or for whatever you need

Apply Now


  • APR = Annual Percentage Rate. Rates and terms shown are accurate as of May 8, 2015, and apply to a Home Equity Line for the most qualified applicant at the CLTV shown. Rates vary for second or vacation homes. Home Equity Lines of Credit are only available in California on owner occupied and vacation or second homes.

    The minimum periodic payment is interest-only for the first ten years ('draw period') followed by fully-amortizing payments to repay the balance over the final fifteen years. No draws will be allowed during the repayment period. Payments and rate can adjust monthly. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest.

    The rate is calculated using an index plus a margin. The index used is the Prime Rate as published in the Wall Street Journal Western Edition on the last business day of the month prior to the change. The current prime index is 3.250. The minimum credit line amount is $10,000 and the maximum is $250,000. Patelco Credit Union will pay customary closing costs on lines up to $100,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $100,000. Closing costs range from $0 to $2,500. Borrower may be required to pay a notary fee varying from $1 to $40 to execute the loan documents. Read the HELOC Program Disclosure here (PDF). NMLS ID Number is 506373.
  • Consult your tax advisor.
  • Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.