For home improvements, consolidating debt or whatever you need.

Using the equity in your home is a smart way to get low-interest financing for the things that matter in life, like consolidating high-interest debt, covering education expenses or making home improvements. Projects like installing solar panels, renovating your kitchen or updating a bathroom can make a big difference in your day-to-day life.

Best of all, you’re using the value in your home to add value to your home – value that endures and increases over the years. Look at all the ways a Patelco Home Equity Line of Credit is a smart way to access extra cash:

  • Borrow what you need, when you need it, against your approved credit limit
  • No closing costs up to $250,000*
  • Variable interest rate as low as Prime + 0% (5.00% APR)²
  • No early closure fees and no annual fee

Don’t let this opportunity pass you by. Let us help you open the door to a beautifully renovated home, improved cash flow or more manageable debt load. The possibilities are unlimited, but time is not. Luckily, you’re pre-qualified, so the next step is easy. Apply today to get started.


* The minimum credit line amount is $10,000 and the maximum is $500,000. Patelco Credit Union will pay customary closing costs on lines up to $250,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $250,000. Closing costs range from $0 to $2,500. This offer does not include escrow or recording fees that may result from changes in title or vesting.

¹ We used information on you that we obtained from a consumer reporting agency in connection with this “Pre-qualified” offer. You were selected to receive this offer because you satisfied certain criteria for creditworthiness which we previously established. The offered credit may not be extended if, after you respond to this offer, we determine that you do not meet the criteria used to select you for this offer or any other applicable criteria bearing on creditworthiness, or if you do not provide the required collateral. This offer may also be withdrawn if the credit line together with any other mortgages exceed 80% of the property value of 1-4 family, owner-occupied properties used as collateral. Not all applicants will qualify for the lowest rate.

² Prime + 0% APR (annual percentage rate) and other terms shown are accurate as of October 1, 2019 and apply to a HELOC for the most qualified applicant at CLTV up to 80%. Not all applicants will qualify for the lowest rate. Rates vary based on property value, line amount and other factors, and will vary for second or vacation 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 5.00%. Maximum interest rate is 17%. Home Equity loans and lines of credit are available on California properties only.

Terms, rates and fees are subject to change, without notice. Some restrictions may apply.

NMLS ID # 506373

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