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We have home equity options to meet your needs.

Home equity lines of credit (HELOC) 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. Enjoy flexible features that make life easier, including the ability to move funds from your HELOC to your checking or savings using Mobile and Online Banking. Access to your credit line is just a tap away 24/7. We have options to meet your needs and help you achieve your dreams.

Golden 1's Equity My WaySM Line of Credit is 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 value
  • $0 application fee
  • $0 annual fee
  • Draw period of 14 years and 11 months
  • Move funds to your checking or savings in Mobile and Online Banking
  • 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 nearly anything, 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)

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. 

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 annual percentage rate (APR) will never be less than 4.00% for owner-occupied properties and 5.50% for non-owner-occupied properties. The maximum APR is 18% for owner-occupied properties and 19% for non-owner-occupied properties. 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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