Put your home equity to work.
Pasadena FCU's Home Equity Loans and Home Equity Lines of Credit (HELOC) are a great way to borrow money based on the equity in your home.
Whether you want to build your perfect kitchen or bathroom, switch to drought-resistant landscaping, or just need a line of credit for unexpected expenses, Pasadena FCU has many options to suit your needs.
Home Equity Line of Credit (HELOC)
Use our Home Equity Line of Credit for major expenditures you have now, or in the future. This variable-rate loan lets you borrow whatever you need, whenever you need it:
- As low as 8.25% APR, it's one of the lowest rates in the local market!1
- No lender fees, no annual fee, and no closing costs3
- No "teaser" rates or other surprises
- A practical way to manage cash, consolidate higher-rate debt, or finance home improvements as you go
- Borrow what you need (up to your approved credit limit), when you need it
- As you repay your credit line, the funds become available to borrow again, with no need to reapply
- No early closure fee
- 10-year draw, 15-year repayment period1
Home Equity Loan
This provides a one-time, lump-sum loan which can be paid off in fixed payments over 10, 15 or 20 years.
- Fixed rates as low as 7.99% APR2
- No lender fees, no annual fee, and no closing costs3
- Borrow up to 75% of your available equity
- Loan amounts: from $5,000 up to $300,000
- Flexible terms: 10 years, 15 years, and 20 years
- Fully amortizing - make monthly payments to pay off loan in full by end of term
Apply Today!
It's never been easier to get your Pasadena FCU Home Equity Loan or HELOC to start putting your home's equity to work for you. Contact us today and start enjoying a new level of convenience and value.
For immediate, personalized assistance, Pasadena FCU members should call us directly during business hours to speak to our locally-based home loan specialists at (626) 799-0882.
You must be a member to apply for a Home Equity Loan. It's easy to get the process started and applying for membership takes just a few minutes. Click on the button below to begin your journey at Pasadena FCU.
1 The Annual Percentage Rate (“APR”) is variable, based on an index plus a margin and subject to change. The index is the highest Prime Rate ("Prime") published in The Wall Street Journal. Prime is a variable rate; as it changes, the APR on your account will also change, and may increase after the line of credit is opened and/or after funds are accessed. The margin is based on your credit rating, and ranges from -0.25% to 5.00%. The Rate Adjustment is Quarterly, based on the Highest Prime Rate published in the Wall Street Journal as of the last business day of the second month of each calendar quarter: February, May, August, November. Pricing effective as of August 2024. The index plus the margin equals the interest rate. Changes in the index will cause changes in the interest on the first business day of the calendar quarter immediately following any such change in the index. Increases or decreases in the Interest Rate will result in like increase or decreases in the Finance Charge and will affect the amount of your scheduled payments. The Annual Percentage Rate does not include costs other than interest. The rate will never be less than 3.00% nor greater than 18% and will apply to the remaining principal balance. If the index becomes unavailable. We may select another Index and Margin which would result in a substantially similar interest Rate. Maximum APR capped at 18.00% and minimum APR limit of 3.00% apply. There is no annual fee. A $450 processing fee applies for lines of credit up to $100,000; a $650 processing fee applies for lines of credit over $100,000. Please see our Fee Schedule for details. The draw period is 10 years, after which there will be a repayment period of 15 years to pay off the balance in full. The minimum line of credit is $5,000, with a minimum advance amount of $200; the maximum line of credit is $275,000. A HELOC is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. It is available for up to 75% of the combined loan-to-value of the property securing the loan, and only on properties located in California. Rates and terms subject to change without notice. Credit is subject to credit review and approval; not all applicants will qualify. Flood and property hazard insurance may be required. Other restrictions apply; please contact Pasadena FCU at (626) 799-0882 for more details.
2 APR = The Annual Percentage Rate ("APR") is fixed. Rate quoted is our lowest available rate as of August 1, 2023. Rate may vary depending on individual credit history. Borrow up to 75% of your property's loan to value (LTV) for 10 years. A $450 loan processing fee applies for loans under $100,000, a $650 loan processing fee applies for loans over $100,000. The fees cover the cost of title and appraisal; no other fees are charged. Monthly payment example for a borrowed amount of $10,000 for 10 years at 7.99% is $121.34. Payment example is an approximate amount only. Payments do not include taxes and insurance premiums, and the actual payment obligation may be higher. Credit is subject to credit review and approval; not all applicants will qualify. Property must be located in California. Other restrictions may apply.
Money that keeps your life on track. Loans as low as 12.50%.
Try as you might, it's hard to have enough cash on hand to cover every financial situation.