Take advantage of our promotional rate as low as  1.99% APR* on a home equity line of credit.

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Get a low promotional rate* for 6 months**!

For a limited time, you can get a promotional rate as low as 1.99% APR* for the first six months of your new Equity My WaySM Line of Credit1.

Follow these required steps: 
Apply for a new Equity My WaySM Line of Credit between April 1, 2022 and June 30, 2022.

Take an initial loan advance of $20,000 or more at loan closing.

After six months, your standard variable interest rate will apply, and interest will accrue based on this variable rate for outstanding balances. Variable rates are as low as 4.250% APR effective 3/30/2022 and are subject to change.

It’s time to go from dreaming … to doing. Don’t miss this opportunity to finance your bucket list!

We have home equity options to meet your needs.

Home equity lines of credit (HELOC) and home equity loans let homeowners leverage the equity in their homes. They're a great way to fund your home improvement projects, consolidate bills, pay college tuition, and more. We have options to meet your needs and help you achieve your dreams.

Golden 1's Equity My WaySM Line of Credit and fixed-rate Home Equity Loan are secured by your home, so you can get a better interest rate than a traditional installment or consumer loan. Plus, you can borrow up to $500,000, and the interest may be tax deductible2.

Equity My WaySM Line of Credit1:

This line of credit gives you a convenient, revolving source of funds that works like a credit card, available when you need it most. 

  • Borrow up to 80% of your home's equity
  • $0 application fee
  • $0 annual fee
  • Draw period of 14 years and 11 months
  • Make lower interest-only payments on the funds you use during the draw period
  • Variable rate with the ability to fix portions of the funds you draw on the line
  • Fixed-rate conversions available
  • Use your funds for whatever you want, such as major or unexpected expenses
  • Re-use funds again and again as you pay down your balance
  • 15 years to pay off balance (following draw period)

Fixed-Rate Equity Loan1:

Easy and convenient way to put the equity in your home to work for you.

  • Borrow up to 80% of your home's equity
  • Low interest rates
  • Fixed monthly payments

Equity My WaySM Line of Credit FAQs

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.

*Annual Percentage Rate (APR). All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions.

**Promotional period begins on the date of loan origination. After six months, this promotional rate will revert to your approved standard variable rate. Variable rates as low as 4.750% APR effective 5/5/2022. Advance of $20,000 or more must be taken at loan origination to be eligible for the promotional rate of 1.99% APR. Advances of less than $20,000 will receive your approved standard variable rate. Interest will accrue for all outstanding balances based on the reverted approved variable APR.

1Equity My WaySM Line of Credit limited 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 will be assessed if the line of credit is paid in full and closed within three (3) years from the date of opening, in the amount of $500 for non owner-occupied properties and $500 or 2% of the original limit, whichever is less, for owner-occupied properties. 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 mortgage and new second mortgage according to current guidelines. The minimum annual percentage rate (APR) is 4.75% for owner-occupied homes and 6.25% for non-owner occupied homes. The rate may change after the account is opened. The maximum APR is 18% for owner-occupied homes and 19% for non-owner occupied homes. There are no other fees to open, use, or maintain this account except third party fees, such as property insurance, as required in the Equity My WaySM Agreement.

2Consult your tax advisor regarding the deductibility of interest. Golden 1 does not provide tax advice.

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