HELOC (Home Equity Line of Credit)


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. Use the funds for any remodels, debt consolidating, vacations, or other life events. Best of all it offers you the convenience of access to an open-end line of credit. When you’re ready to consolidate your debts, remodel or repair your home, or pay off education or medical bills, a Home Equity Line of Credit is an excellent financing choice.


  • 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 with a 15 year draw period
  • Borrow up to 80% Loan-to-Value
  • No annual fees
  • No Pre -Payment penalties
  • Property insurance required

Secured by the equity you have in your home, a Home Equity Line of Credit gives you easy access to funds when you need them. And when you do, it’s ready. Until then, it remains intact with no interest charges and no fees—just peace of mind.

Click to view Current Loan Rates.

Click to view Home Equity Disclosure

* Other Restrictions May Apply

Representative Example: A 120 month Home Equity Line of $20,000 at 6.00% APR would require 120 payments at $222.10 with one final payment of 185.00.

*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. Some restrictions apply. 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 refinance of an existing Lassen County Federal Credit Union HELOC loan. Rates are effective as of 3/1/2015


**Introductory rate is for the first 3 months, with variable rates thereafter as low as 6.00% up to 9.90%, 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.  Property must be primary residence located in Lassen or Plumas County.  Mobile homes 15 years old and newer on a permanent foundation have a LTV up to 80%.  Other restrictions may apply.  Loans secured by your home other than your first mortgage must be paid off at the time of account funding.  Property insurance is required.  Flood insurance may be required.  Rates, APR, terms and conditions are subject to change without notice.