PUT YOUR HOME'S EQUITY TO WORK.

Affordable Home Equity Loans and Lines of Credit

Your home could be your best asset when paying for major home improvements or any other large purchase or expense. Golden 1’s Home Equity Loan and Home Equity Line of Credit are secured by your home so you can get a better interest rate than a traditional installment or consumer loan.

Equity My WaySM  Line of Credit1


This line of credit allows you to withdraw cash only when you need it – giving you peace of mind, knowing that cash is available for ongoing expenses.


Get StartedLearn More
couple viewing plans for a remodel

Fixed-Rate Equity Loan1


This is a good option for members who want to borrow a set amount of money. It features a fixed interest rate for the life of the loan and is paid in one lump-sum disbursement.


Get StartedLearn More
woman planning for her home renovation

Use Home Equity to Lower Your Down Payment


Qualified buyers can purchase a home for as little as 10% down and avoid paying costly Private Mortgage Insurance (PMI) with our 80-10-10 loan. Here’s how it works: 

  • Obtain a Home Loan for 80% of the purchase price
  • Add a Home Equity Line of Credit or Loan at 10% of the purchase price
  • Make a down payment of 10%

You keep your hard earned money, and enjoy homeownership with tax advantages2.


Get StartedLearn more
Couple hugging their daughter in front of their home

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Golden 1 Credit Union is not part of any government agency, nor do we represent or have the endorsement of HUD, FHA, the U.S. Government, or any federal, state, or local government agency. 

1Limited to one- to four-family owner-occupied units, vacation properties, and investment properties located in the state of California. Excludes mobile homes. Before your equity loan or line of credit is funded, all loans secured by your home other than your first mortgage must be paid off. Subject to property valuation. Property insurance required. Flood insurance may be required. All programs and maximum combined loan-to-values (CLTV) are subject to change or termination without notice. An early closure fee of $500 will be assessed if the loan is paid in full within three years for our "Equity My Way Line of Credit" and two years for our Fixed-Rate Equity Loans, from the date of opening. Contact the credit union for terms and conditions for refinancing an existing Golden 1 equity loan. Other programs are available. Your maximum loan amount will be calculated using the combined loan-to-value of your existing first fixed-rate mortgage and new second mortgage according to current guidelines.

2Consult your tax advisor. Golden 1 does not provide tax advice.