dark puprple background with subtle ring pattern

Home Equity Lines

Looking for the most flexible way to tap into the equity in your home?

Apply for a line of credit

If you need a little extra cash to make a home repair, pay for college, consolidate debt, or take your comic book collection to the next level, consider a HELOC.

The Details

There’s no right or wrong way to use your home’s equity. But remember—HELOCs are secured by your home, so you always want to be sure that your loan can be paid back.

Home Loans class="wrapper">

Home renovations

You can use your home’s equity to make home improvements and major renovations such as adding a room or remodeling a kitchen; replacing a roof, landscaping, or even making energy efficient modifications!

Get a loan class="wrapper">

Debt consolidation

You can use your home’s equity to consolidate debt from high rate credit cards. You’ll save money by lowering the overall interest you pay!

Pay a Friend class="wrapper">

Life's expenses

Your home’s equity can give you affordable access to funds for big-ticket items such as college expenses, a new car, a medical emergency or other unexpected expenses.

Current Rates

Home Equity Lines of Credit Rates




Borrow up to $400,000
Draw money for up to 10 years
Desktop appraisals for loans with 60% LTV and a loan amount up to $200,000
*The Home Equity Line of Credit APR is a variable rate that is based on the Prime Rate. Loan approval and rate are based on a verification of income, an evaluation of your creditworthiness, and property evaluations which include Loan-to-Value (LTV). Your rate will never exceed 18.00% or be less than 4.00% — unless there is an initial discount rate that is offered below 4.00%. If you cancel your loan, third-party fees may apply. Costs include a $500 title insurance fee and a non-refundable appraisal fee, paid directly to the designated appraisal company. Property insurance is required. Loan amounts up to $400,000. For additional details, please call the Credit Union at (818) 238-2900.


10-Year Draw






10-Year Draw


80% Loan to Value (LTV)




10-Year Draw


60% Loan to Value (LTV)



What you'll need to apply:

You’ll be asked to provide the most recent/current versions of the following:

  • Mortgage statement showing balance owed
  • Two months of pay stubs
  • Tax return
  • Homeowner’s Insurance Policy
  • A copy of your loan contract, showing your interest rate, term and monthly payment

Loan Process

One class="wrapper">

1. Completing the application

One of our Personal Bankers will walk you through the application.

Two class="wrapper">

2. Approving your loan

Your loan will be reviewed by our team for approval. You’ll receive a loan decision quickly, usually within two business days.

Three class="wrapper">

3. Appraising your home

Upon loan approval, an appraisal of your home will be ordered. This can take 3 to 5 business days.

Four class="wrapper">

4. Processing documentation

At the same time the appraisal is ordered, we will also order the preliminary HELOC documents. Our Personal Bankers may have further questions for you during this process, and will handle all the details.

Five class="wrapper">

5. Finalizing your loan

Your Personal Banker will confirm all required documents and schedule an appointment for you to come in to the credit union and sign your loan.

Six class="wrapper">

6. Funding your loan

Once all loan documents are signed, funds are transferred into the account of your choice, sent to an individual or company, or issued with a check. Congratulations!

Ways to pay your HELOC

  • Payroll Deduction

    If you have a loan with the credit union, payroll deduction is a convenient way to have your loan payments automatically deducted from your paycheck.

    To find out if you’re eligible for payroll deduction, contact your employer’s benefits department. If you already have payroll deduction set up with the credit union and want to set up automatic loan payments, call us at (818) 238-2900.

  • Automatic Transfers

    Automate transfer allow members to transfer funds within UMe accounts on a recurring schedule.

    You can set up an automatic transfer to make your loan payment, so you won’t have to think about it each month.

    To set up an automatic transfer, fill out our Share to Loan Transfer Form or give us a call at (818) 238-2900.


Home equity refers to the money you have paid toward the value of your home. The more money you pay toward your mortgage balance, the more equity you accumulate in your home. For example, if your home is appraised at $300,000, and your mortgage has a balance of $200,000, your home’s equity equals $100,000. Other factors can affect how equity is calculated, including whether you have any liens or a second mortgage.

  • Your most recent statement showing balance(s) owed on your first trust deed and your second trust deed (if applicable).
  • Two months of your most current, consecutive pay stubs.
  • Your most recent tax return (your last two returns, if self employed).
  • A copy of your most recent Homeowner’s Insurance Policy.
  • A copy of your current loan contract (including your interest rate, term and monthly payment).

No application fee, no points and no prepayment penalties makes our HELOC a very affordable way to borrow. The only upfront fee you will incur is the appraisal, which you will pay directly to the appraisal company. All other associated fees can be added into the line.

Loan-to-value ratio (or LTV) refers to the difference between the balance of your mortgage and the appraised value of your house. Other factors can affect your ratio including whether you have any liens or a second mortgage.

Let’s open the door to the possibilities!

Apply in person
Get directions
Apply online
Get started
Call us