HELOC
-
How can I compare different HELOC options?
Comparing the annual percentage rate (APR) of different HELOC options and lenders may not be...
-
What are the major pros of getting a CU SoCal HELOC?
Use what you need, when you need it. Borrow the money you need to consolidate high-interest...
-
Can retirees apply for a CU SoCal HELOC?
You can apply for a HELOC if you’re retired. We will need previous two years’...
-
Can I apply for a CU SoCal HELOC if I’m self-employed?
CU SoCal HELOCs are available to self-employed members. We will review your income documentation, including...
-
How much can I borrow?
Your credit limit will depend on the amount of equity in your home, your income,...
-
Does the home I’m requesting to use as collateral need to be my primary residence?
Yes. Eligible property types include single-family residences (such as a house or townhouse), attached single-family residences...
-
How do you determine the value of my home?
CU SoCal uses multiple sources to determine your property value, including ownership deeds, recent home...
-
How do I know if I’m eligible for a CU SoCal HELOC?
Once we receive your application for a HELOC we review several criteria, such as your...
-
How is the HELOC monthly payment determined?
The monthly payment amount during the draw period is interest only based on the outstanding...
-
What is the HELOC interest rate?
The interest rate is variable, based on the Prime Rate plus a margin.