Dear Members,
We have received reports from other financial institutions that there has been an increase in fraudulent activity. Fraudsters are claiming to be from financial institutions with the goal of getting your account and other identification information. If you receive an unsolicited call, email, or text from anyone claiming to be with Downey Federal Credit Union, feel free to call us at (562) 862-8141 to verify before providing any information.

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HELOC
5.90%
for one year
Apply Now
Act Now!
DFCU's limited-time Home Equity Line of Credit (HELOC) offer, available from June 1 to July 31, 2024, allows you to unlock your home's potential. Don't miss out on the potential savings of our Summer HELOC.
Intro Period
5.90%
For one year
Take advantage of our limited-time introductory rate offer. Here’s why!
Competitive Rates:
Enjoy a low introductory rate, making your borrowing more affordable.
Flexible Access:
Use your funds as needed, when you need them.
Smart Financing:
Ideal for homeowners looking to leverage their home equity responsibly.
After 1 Year
from
9.00%
Fixed rate
The balance on your HELOC will transition to your approved non promotional rate
Draw and Repayment:
Enjoy 10-years of withdrawing funds, and 10-years of repaying your loan.
Enjoy free notary and cashier’s checks over the life of your loan.
Transform your home
Get up to
$750,0001
For Renovations
Add value to your home by upgrading your backyard.
For Vacations
Take that dream vacation
you've always wanted.
For Wellness
Pay off high-interest debts and simplify your finances.
Frequently Asked Questions
What can I use a HELOC for? You can use it for home improvements, travel, debt consolidation, and more. The choice is yours!
How is the introductory rate applied? The 5.90% APR1 rate applies for the first 12 months. After that, any remaining balance will switch to your non promotional approved rate.
Who is eligible for a HELOC? Homeowners with equity in their homes. Take your home's value, and then subtract all amounts that are owed on that property. The difference is the amount of equity you have. For example, if you have a property worth $400,000, and the total mortgage balances owed on the property are $200,000, then you have a total of $200,000 in equity. Speak with a financial advisor for details relating to your personal situation.
How do I apply? You can apply online, over the phone: 562-862-8141, or by visiting our Branch. Our team is ready to assist you!
Disclosures
1
Annual Percentage Rate. Rate shown is effective 06/01/2024 and may change without notice. Rate shown is the lowest possible and is based on FICO/Credit Score and other factors. The rate of 5.90% APR is an introductory rate valid for the first 12 months from when the Home Equity Line of Credit (HELOC) funds: after which the rate will default to the non-promotional rate which the member qualifies for based on the Prime Rate and margin disclosed at the time of funding, which is determined by creditworthiness, FICO/Credit Score and other factors. This is subject to standard Downey Federal Credit Union (DFCU) credit approval. There will be a $550 penalty if the HELOC is closed within three years of funding. To qualify for the introductory rate member must advance a minimum of $10,000 at the time of funding the HELOC. If there is no initial advance at the time of funding, the loan will not be eligible for the discounted rate. This offer is valid from 06/01/2024 to 07/31/2024. No HELOC or other loans currently financed at DFCU are eligible. DFCU does business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act and deposits are Federally Insured by NCUA. Membership must be in good standing in order to be approved for either of these loan promotions, non-members would have to establish membership before loan funding. Additional restrictions apply. Please contact a DFCU Loan Representative for complete promotional details and qualifying criteria. Other rates and terms are available.