Home Equity Line of Credit
A Home Equity Line of Credit or HELOC is a variable rate line of credit borrowed against your home's equity. Any interest paid may also be tax-deductible1.
HELOCs are great for:
- Large home repairs or improvements
- Higher education
- Consolidating high-rate balances
- And much more!
Below are the documents you'll need to assist in opening your line of credit promptly:
- Paystubs (Last 30 days)
- W-2s (Last 2 years)
- Tax Returns (Last 2 years)
- Bank Statements (Last 3 months)
- Mortgage Statement
- Stocks, Bonds, 401Ks, IRAs
- Other Real Estate (tax and insurance information)
If Applicable:
- Bankruptcy Discharge
- Separation or Divorce Decrees
For more information on how to apply contact us at 760-352-1540 or lending@corazocu.com
HELOC RATES | |||
|---|---|---|---|
TERM | MIN. LOAN AMOUNT | VARIABLE RATE AS LOW AS | MAX RATE |
10-Year Draw; 10-Year Repayment | $25,000 | 7.75% APR | 18.00% APR |
LOAN-TO-VALUE: Max LTV (minus 1st TD) is 80%. | ANNUAL FEE : $50 | ||
Effective September 1, 2025 - Loan Rates. Rates subject to change without notice.
*APR=Annual Percentage Rate
1Consult with your tax advisor for more information.