Home Equity Loans
Up to $399,000
Up to 80% Combined Loan-to-Value
Flexible Terms Up to 20 Years
Pre-Qualify in 2 Minutes - No Credit Check Required
Unlock your home's equity.
Whether you're planning for college tuition, tackling home improvements, consolidating debt, or covering unexpected expenses — your home’s equity can help.
Home Equity Loan (Fixed Rate)
Fixed Rate Loan
With a Fixed-Rate Home Equity Loan, you receive a lump sum without worrying about payments increasing over time.
- Flexible terms up to 20 years
- Borrow up to 80% of your home’s equity
- Maximum loan amount of $399,000
- Low fixed rates
- Lower fees than a first mortgage refinance
Home Equity Line of Credit (HELOC)
For ongoing needs
A Home Equity Line of Credit allows you to leverage your home's equity with rates lower than credit cards and possible tax deduction benefits.
- As low as 5.99% APR* for first 12 months
- Standard variable rate of 7.25% to 16.00% APR
- 10-year draw period; 20-year repayment period
- Borrow up to 80% of your home's equity
- Maximum loan amount of $399,000
- No minimum draw amount
- Waived settlement fees**
- No annual fees
*APR = Annual Percentage Rate. Introductory rate valid for first 12 months; after which will change to our variable-standard non-introductory rate (currently as low as 7.25% to a maximum 16.00% APR). “Regular” rate after intro rate is variable. The index value as of November 1st, 2025 is 7.00%. Rate may change monthly based on the index which is the Prime Rate as published in the Federal Reserve Bulletin (H.15). The interest rate is determined by the index value plus a margin, which ranges from 0.25% to 2.50%. The rate may not change by more than 3% in any one year. The maximum rate is 16.00% APR. The minimum payment during the draw period will be equal to all accrued yet unpaid finance charges. The minimum payment during the repayment period will be calculated monthly based on the remaining balance, variable rate and loan maturity date, subject to the lesser of $100.00 or your account balance. Third-party fees are applicable and range from $680.00 to $1,280.00. The minimum credit Limit is $25,000 and the maximum is $399,000. The maximum combined-loan-to-value is 80%. All loans listed are available on primary member residences in California (single-family, owner-occupied detached dwellings, condos, or townhouses). Loan subject to membership, borrower and property qualifications. Property insurance is required. Rates and terms as of November 1st, 2025 and are subject to change without notice. Conditions, restrictions, and terms may apply.
**The third party settlement fees are waived and must be reimbursed if loan is closed within initial 36 months
|
Term
|
Rate
|
APR
|
Payment per $1,000
|
|---|---|---|---|
| 5 Year | 7.250% | 7.462% | $19.92 |
| 7 Year | 7.375% | 7.532% | $15.28 |
| 10 Year | 7.500% | 7.616% | $11.87 |
| 15 Year | 7.750% | 7.834% | $9.42 |
| 20 Year | 8.000% | 8.069% | $8.36 |
|
Feature
|
Detail
|
|---|---|
Draw Period |
10 years (interest-only) |
Repayment Period |
20 years (recalculated monthly) |
Borrowing Limit |
Up to 80% CLTV, min $25,000/max $399,000 |
Rate Type |
Variable (monthly adjustments) |
Access to Funds |
Online transfers or phone request |
*Standard variable rate of 7.25% to 16.00% APR
**Introductory rate valid for first 12 months; after which will change to our variable-standard non-introductory rate (currently as low as 7.25% to a maximum 16.00% APR). “Regular” rate after intro rate is variable. The index value as of November 1st, 2025 is 7.00%. Rate may change monthly based on the index which is the Prime Rate as published in the Federal Reserve Bulletin (H.15). The interest rate is determined by the index value plus a margin, which ranges from 0.25% to 2.50%. The rate may not change by more than 3% in any one year. The maximum rate is 16.00% APR. The minimum payment during the draw period will be equal to all accrued yet unpaid finance charges. The minimum payment during the repayment period will be calculated monthly based on the remaining balance, variable rate and loan maturity date, subject to the lesser of $100.00 or your account balance. Third-party fees are applicable and range from $680.00 to $1,280.00. The minimum credit Limit is $25,000 and the maximum is $399,000. The maximum combined-loan-to-value is 80%. All loans listed are available on primary member residences in California (single-family, owner-occupied detached dwellings, condos, or townhouses). Loan subject to membership, borrower and property qualifications. Property insurance is required. Rates and terms as of November 1st, 2025 and are subject to change without notice. Conditions, restrictions, and terms may apply.
Payroll Deduction makes it even easier to make your loan payments. You may be able to make smaller payments twice a month, rather than one large payment – which helps to smooth-out your monthly cash flow.
First City Credit Union is a nation leading 5-star financial institution with locations across Los Angeles.