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Home Equity

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Home Equity Header

Home Equity Line of Credit

A Wescom Home Equity Line of Credit (HELOC) lets you borrow against
available equity using your home as collateral. Avoid inconvenience of annual
fees by becoming a Platinum Signature Member.

Plus, enjoy an introductory rate of 1.99% APR*
for the first six billing cycles, then rates as low as 3.25% APR* after.

Get the Most From Your Home

BENEFITS

Help pay off higher-interest debts or help cover home improvements, tuition, or major purchases with a Wescom Home Equity Line of Credit (HELOC). 

Introductory Rate
Rate 1.99% APR* for the first six billing
cycles, then rates as low as 3.25% APR* after
Discounts
Rate 0.125% APR* discount for enrolling in
automatic payments from a Wescom Checking Account
Borrow up to
Rate 80% of the value of your primary residence**
Days to Close
Rate Less than 30
Origination Fees and Closing Costs
Rate None
Signature Relationships
Rate Three***
Introductory Rate 1.99% APR* for the first six billing
cycles, then rates as low as 3.25% APR* after
Discounts 0.125% APR* discount for enrolling in
automatic payments from a Wescom Checking Account
Borrow up to 80% of the value of your primary residence**
Days to Close Less than 30
Origination Fees and Closing Costs None
Signature Relationships Three***

Can We Help You Find Something?

THE EQUITY IN YOUR HOME
CALCULATE A HOME EQUITY LINE OF CREDIT PAYMENT
HOME EQUITY LOAN OR LINE OF CREDIT?
PAYING OFF A HOME EQUITY LOAN OR LINE OF CREDIT
CALCULATE A HOME EQUITY LOAN PAYMENT
USE HOME EQUITY FOR A MAJOR PURCHASE
CONSOLIDATING DEBT WITH HOME EQUITY
DISCLOSURES

Please read each of the required disclosures below before you proceed to apply for your Home Equity Line of Credit loan.

Home Equity Early Disclosure (PDF)
What You Should Know (PDF)

*APR = Annual Percentage Rate. To be eligible for the 1.99% introductory APR, you must not have had a Wescom HELOC within the last six months. 3.25% APR to 5.625% APR is the standard variable APR that would apply if this special rate was not offered. The introductory rate is only available for primary residences. Maximum combined loan-to-value of 80%. The rate or margin you qualify for is based on various factors including your credit rating and the combined loan-to-value (CLTV) of your property. 

**Based on combined balances of all mortgages and current value of the subject property. Wescom makes Home Equity Lines of Credit on primary residence in California only.

***Signature Membership terms and conditions apply. For more information about Signature Membership, visit wescom.org.

Wescom will cover most closing costs associated with a HELOC which may include: credit report, title insurance, flood certification, settlement/closing, recording, property search. If a full appraisal is requested by the member to validate the property value obtained, the cost will be paid by the member. If the line of credit is paid off and the loan is closed during the first thirty-six (36) months following the date of the Note, a $695 processing fee will be due to the Credit Union upon payoff and closure of the loan.

Certain fees, conditions and restrictions may apply. Home Equity Lines of Credit are secured by your home. If you’re paying off an existing real estate loan, the Credit Union does not cover costs imposed by other lenders, if any. Rates and terms subject to change without notice. Loan approval subject to credit evaluation. Property insurance is required.

$75 annual fee on our Equity Line is waived the first year and for Platinum Signature Members and is secured by your Primary Residence. Call for more details.

Wescom Credit Union NMLS ID 999430

 

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