If you own your home, a Home Equity Line of Credit (HELOC) can be an affordable way to finance home repairs or improvements, pay for medical expenses, consolidate higher-rate debt, finance large purchases (like education or a second home), or simply serve as an emergency fund to pay for unexpected expenses. And our rates are some of the lowest in the U.S.

A HELOC is an open line of credit, with a variable rate, that you draw from only as you need to. If you prefer a fixed rate and know exactly how much you need to borrow (and want it all at funding), you might want to consider a Home Equity Loan.

We offer two HELOC options: Standard and Rate Advantage.

Standard HELOC

  • As low as 6.990% APR for the first six months.1,2 SEE ALL HELOC RATES & TERMS.
  • After the first six months, the rate is variable and subject to change after opening  (8.000%11.500%).
  • Available on single-family homes and condos located in the state of California.3
  • From $10,000 to $250,000.
  • No lender origination fees.4
  • Advances can be made during the first 10 years.
  • Interest-only payments for first 10 years; remaining 15-year term is fully amortized.
  • Easily transfer funds to your SchoolsFirst FCU checking account.

Rate Advantage HELOC

In addition to, or in place of, standard HELOC features:




Let's chat

Our loan consultants will answer your questions about financing and compare different loan options to find a loan that's right for you.

Call (800) 462-8328, ext. 8288

Monday through Friday, 8 a.m. – 7 p.m.
Saturday, 9 a.m. – 3 p.m.

Or schedule a meeting with a loan consultant in person, over the phone or at a branch.

Submit an application

Apply online through our application platform. Log in with your SchoolsFirst FCU user name and password, or as a guest.

If we aren't the best deal, we'll tell you.

If you've shopped around, we'll gladly compare your options to help you make a confident choice — even if that means choosing another lender.

The pricing you may qualify for is based on factors including your credit rating and the combined loan-to-value (CLTV) of your property. A minimum credit qualifying score is required. Pricing effective as of 06/19/2024 and subject to change without notice. An approved application is required for pricing to be determined. Variable rate; rate and payment subject to change after account opening. All loans subject to approval. The highest APR that can be charged is 18%. Property insurance is required. Flood insurance required when applicable. Annual Maintenance Fee for HELOCs: $50. Fee will be waived if payments are automatically transferred from a SchoolsFirst FCU Share Savings or Checking account.
  1. The 6.99% APR promotional rate is not available for investment properties or second homes and cannot be applied to the Rate Advantage HELOC. Not all Members will qualify for 6.99% APR.
  2. This promotion is available for Standard HELOC applications submitted no later than 12/31/2024.
  3. Property Construction/Sale: The borrower is required to wait until loan funds are received to begin work on the property. A property with construction already in progress may not be eligible. If approved, additional fees will be required. Properties currently listed for sale are not eligible.
  4. Some closing costs may be incurred if accommodation recording fees, title charges to clear or transfer liens, or indemnification due to construction on the subject property are required. The borrower is responsible for these costs.

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