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Home Equity Rates

Foothill Federal Credit Union offers a variety of real estate loan programs. For more information please visit your branch or call our Phone Center Representatives at (626) 445-0950.

Home Advantage Loan
Effective Date: January 6, 2009
TermAPRLoan AmountEstimated Payment/$1,000
Terms up to 120 months
80% financing 6.25% - 7.75% $350,000 $11.17 - $11.92
Terms from 121 months up to 180 months
80% financing 6.50% - 8.75% $350,000 $8.66 - $9.92

Home Equity Line of Credit - 80% CLTV
Effective Date: January 6, 2009
Credit ScoreMaximum Loan AmountMarginIntroductory RateCurrent APREstimated Payment/$1,000**
680+ $350,000.00 -1.000% 3.900% 5.00%* $7.91
450-679 $350,000.00 0.000% 3.900% 6.00%* $8.44
* Floor limit

 

Variable Rate Index: APR=Annual Percentage Rate. The APR is indexed to the Prime Rate as published in the Wall Street Journal. A Home Equity Line of Credit is a revolving credit, secured by your home. The rate can adjust quarterly in January, April, July, and October. Maximum APR is 13% to 14% depending on credit worthiness.

Introductory Rate: The introductory rate applies for the first 6 billing cycles on new Member loans and is not based on the index plus margin.

Payments: You choose, either a principal and interest payment, which is fully amortized over a 15-year term, or Interest only payments for the first 10yrs, then fully amortized for 15 years thereafter.
                                                                                                                                                              
Important Information for all Home Equity Loans and Lines of Credit:

  • Property Location: Orange, Los Angeles, Riverside, San Bernardino, Ventura, and San Diego Counties.
  • Cost to Member: Member fees may include appraisal, title charges, recording fees, and any other related fees.
  • Occupancy: Must be owner occupied by Member.
  • Property Types: Rates and terms quoted are for single-family dwelling, condominiums, and town homes. Condominiums are not available on our Home Advantage Product.
  • Insurance: Life and disability insurance are offered through CUNA Mutual Insurance.