Home Equity Loans

The best part about owning a home is the equity you have in it!

Our Home Equity Fixed Rate Loans can help you with any home improvements (Remodel, landscaping, roofing, or solar paneling), vacations, debt consolidation, or whatever else you may need it for! Our Home Equity Fixed Rate Loans are eligible for amounts up to $100,000.00 for up to 15 years with rapid in-house approval! For more information about our Home Equity Loans, you can speak to one of our Loan Officers at (530) 257-7736. They will walk you through the entire process and help secure the best program and interest rate available to you.

Payment Examples:

• 7 Year Fixed Rate Home Equity Loan: $30,000.00 Loan with rates as low as 7.00% APR = Estimated payments at $452.90 per month.
• 10 Year Fixed Rate Home Equity Loan: $30,000.00 Loan with rates as low as 7.35% APR = Estimated payments at $353.88 per month.
• 15 Year Fixed Rate Home Equity Loan: $30,000.00 Loan with rates as low as 7.60% APR = Estimated payments at $280.79 per month.

The best part about owning a home is the equity you have in it!

LOW INTRODUCTORY RATE OF 6.99% FOR THE FIRST 3 MONTHS

If you’re not sure how much you may need to use at a particular time, a HELOC may be ideal for your ongoing borrowing needs. A Home Equity Line of Credit is an excellent financing choice because it offers you the convenience of an open-end line of credit. Use the funds for any remodels, debt consolidation, vacations, pay off medical bills, and so much more! Secured by the equity you have in your home, a Home Equity Loan gibes easy access to funds when you need them. Until then, it remains intact with no interest charges and no fees – just peace of mind.

Benefits

• You pay interest only on the portion of the balance you use, not your entire “credit limit.”
• Interest may be tax-deductible; Please see your tax consultant.
• Variable-rate
• Funds can be used for any purchase
• No draw fee within a 15 year draw period
• Borrow up to 80% Loan-to-value
• No annual fees
• No pre-payment penalties

Representative Example:

A 10 Year Home Equity Line of Credit for $20,000.00 at 8.50% APR would require 120 payments at $248.11.

*The annual percentage rate is based on the value of an index. The index is the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one year. Information about the index is published in the Federal Reserve Bulletin. We will use the most recent index value available to us as of 15 days before the date of any annual percentage rate adjustment. Late fee is $25.00. Some restrictions may apply. Property Insurance is required. Flood insurance may be required. Rates, terms, and conditions are subject to change without notice. Contact the Credit Union for APR, terms, and conditions on HELOC loans. Not available for refinancing of an existing Lassen County Federal Credit Union HELOC Loan. Rates are effective as of 4/10/2023. The introductory rate is for the first 3 months, with variable rates thereafter as low as 8.50% APR OAC, up to 13.50%, with a Loan-to-Value up to 80%. The Lassen County Federal Credit Union Home Equity Line of Credit and first mortgage cannot exceed 80% of the appraised value. All loans are subject to appraisal. The property must be primary residence located in Lassen or Plumas County. Mobile Homes 15 years old and newer on a permanent foundation have an LTV up to 75%. Loans secured by your home other than your first mortgage must be paid off at the time of account funding.