Have cash available on your timeline to meet your changing needs or unexpected expenses. Home Equity Line of Credit access is available from any Members 1st Credit Union branch, online, or via your internet ready mobile device.
Your choice of a low variable rate or a secured fixed rate line of credit.
*APR=Annual Percentage Rate. Five-year draw period with 360-month repayment duration while in draw period. 180-month repayment duration after expiration of draw period. 70% CLTV. Minimum required credit score of 720. Rate will not increase above 10.25%.
*APR=Annual Percentage Rate. Five-year draw period available with 360-month repayment duration while in draw period. 180-month repayment duration after expiration of draw period. 70% CLTV. Required credit score of 680 to 719. Rate will not increase above 12.25%.
*APR=Annual Percentage Rate. Two-year draw period available with 120-month repayment period. 70% CLTV. Minimum required credit score of 680.
Funds become available again as you pay down the balance
No annual fees
Free online and mobile account access
Very low minimum payments during draw period
Maximum financing available up to $100,000
Quick local application process
Easy online, mobile, and in-branch access to your funds.
You must carry insurance, own, and occupy the property that secures this plan.
For more information or to apply, please contact a loan officer by calling (530) 222-6060 ext. 452.
**Line of Credit must remain open for the first 12 months to avoid pre-payment penalties.
This page contains disclosures that have been provided for your information. Please print or retain a copy for your own records.
Members 1st Credit Union will acquire a security interest in your dwelling. The loss of the dwelling may occur in the event of default.
Under certain conditions, Members 1st Credit Union may terminate the plan and require payment of the outstanding balance in full in a single payment and impose fees upon termination; prohibit additional extensions of credit or reduce the credit limit; and, as specified in the initial agreement, implement certain changes in the plan. You may receive, upon request, information about the conditions under which such actions may occur.
Line of Credit must remain open for the first 12 months to avoid pre-payment penalties.