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Home Equity interest
payments are generally
tax deductible. Consult
your tax advisor to find out
if this is the case for you.

Home Equity Line of Credit

When fixing or upgrading your home, even do-it-yourself projects start to add up. Our Home Equity Line of Credit is a great option to get the funds you need, when you need them.

  • Borrow up to 85% of the equity you have in your home
  • Adjustable rate gives you the benefit of lower monthly payments
  • Allows you to use equity, or value in your home as collateral
  • Perfect for home improvements, which may in turn increase the equity in your home
  • Can be great when used for a new vehicle or other large purchases
  • Interest payments may be tax deductible (consult your tax advisor)
  • Terms up to 20 years are available

Call Us at (800) 743-7228 to Apply

* Home equity lines of credit require an appraisal. Terms and rate contingent upon home’s appraised value. We will loan up to 85% combined loan to value (CLTV). No down payment required. Equity determined by the amount your home is worth minus the amount owed on the property. Example: home worth $100,000 multiply by 85% loan to value equal $85,000 minus $40,000 owed, equals $45,000 equity available. You can borrow up to 85% of homes value less what you owe. Property insurance is required. The Home Equity Loan is a fixed rate and closed-end term with no annual fee. The Home Equity Line of Credit is an open-ended credit line with a variable rate based on the Wall Street Journal (WSJ) prime rate plus a margin with a minimum of 5% APR and annual fee of $60. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. Up to 20 years terms for home equity loans and lines of credit.

Arrowhead Credit Union © 2017 | P.O. Box 735 San Bernardino, CA 92402
Equal Housing Lender National Credit Union Administration
This Credit Union is federally-insured by the National Credit Union Administration.
We do business in accordance with the Fair Housing Law.