*Annual Percentage Rate. Rates shown are effective 10/15/2022 and may change without notice. Members who qualify can choose between the offer of a 3.99% APR introductory rate valid for the first 12 months, or the offer of a 4.99% APR introductory rate valid for the first 24 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 offer is subject to standard Downey Federal Credit Union (DFCU) credit approval and is only valid for owner-occupied residences. HELOC approval not guaranteed. To qualify for an introductory rate, a 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 offer. The offer is valid from 10/15/2022 to 12/31/2022 and must be funded by 12/31/2022. No HELOC 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. Additional restrictions apply. Please contact a DFCU Loan Representative for complete promotional details and qualifying criteria. Other rates and terms are available.
Estimated costs related to the process:Drive-by Appraisal ($400.00)
Title Fees ($350.00-$450.00)
Origination Fee ($60.00)
Please speak to a DFCU rep for further details.