No-Cost HELOC
For Those Summer Projects!
Make this the best summer yet, with a No-Cost HELOC from DFCU!
Use the equity in your home this summer for a home remodel, a dream vacation, debt consolidation, college tuition, or other large expenses. Also, great for recurring expenses or emergency funds when you need it!
HOME EQUITY LINES OF CREDIT
Introductory rate as low as 2.60% APR1 for the first 12 months!
- No Costs — Costs reimbursed at the time of funding1
- Loan amounts up to $400,000
- Up to 80% combined loan to value
- Interest paid may be tax deductible2
- Open-ended loan with a 10-year draw period/10-year repayment
Interested in a HELOC?
Simply provide your name and phone number and we’ll give you a call.
1 APR=Annual Percentage Rate. Rate quoted is the best possible rate available. The actual rate
you qualify for will be based on your credit history and other factors. Home Equity Lines of
Credit (HELOC) are available for owner-occupied, CA primary residences only. The introductory
discounted 2.60% APR (intro rate) is fixed for the first 12 months (365 days), after which it will
convert to the current Prime Rate plus margin or the floor rate, whichever is higher, and will be
variable and subject to change in April and October each year. Standard, non-promotional rates
start as low as 4.25% APR to a maximum 18.00% APR. Special introductory rate on HELOC
is valid from 06.01.2017-12.31.2017. HELOC must be closed/on DFCU's books by 12.31.2017,
with an initial $10,000 minimum advance taken at the time of funding, to qualify for “Cost
Reimbursement Promotion“ and 2.60% introductory rate. A $550 penalty will apply if HELOC is
closed in the first 3 years. New money only - no other loans currently financed at DFCU are eligible
for cost reimbursement or introductory rate promotion. Cost Reimbursement Promotion subject
to standard Downey Federal Credit Union (DFCU) credit approval. All normal loan underwriting
fees (flood certification, appraisal fees, title fees, etc.), up to $650, will be charged up front at the
time the HELOC application is submitted. However, costs will be reimbursed at the closing of
the new HELOC and once the minimum $10,000 is advanced. DFCU standard lending rules and
regulations apply. Offer may be changed or discontinued at any time without notice. Membership
in good standing is required to be approved for this loan promotion. Loan subject to borrower
and property qualifications; not all applicants may be approved. Additional restrictions apply.
Please contact a DFCU Loan Representative or visit our branch for complete promotional details,
qualifying criteria, disclosures, and other
rates and terms.
2 Please consult with your tax advisor for tax deductibility of interest. DFCU does business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act and deposits are Federally Insured by NCUA.
2 Please consult with your tax advisor for tax deductibility of interest. DFCU does business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act and deposits are Federally Insured by NCUA.
