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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 deductible*.

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

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


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 or 2% of the original credit limit, whichever is less, for owner occupied properties and $500 for non-owner occupied properties, will be assessed if the loan is paid in full within three years for our “Equity My Way Line of Credit." 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. 

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