Finance it with your home equity line of credit (HELOC)

*APR = Annual Percentage Rate. Rates shown are based on a borrower’s primary residence, FICO credit score 780 or above, a maximum combined loan-to-value (CLTV) of 60%, and the line of credit is in first-lien position.  All loans are subject to approval. Rate, terms, and conditions are subject to change and may vary based on creditworthiness, qualification, and collateral conditions. 

¹The Golden 1 Home Equity Line of Credit (HELOC) is limited to one- to four-family owner-occupied units, vacation properties, and investment properties located in the state of California. Mobile homes are ineligible. Your HELOC application is subject to property valuation. Before your HELOC is funded, all loans secured by your home other than your first mortgage must be paid off. Contact the credit union for terms and conditions for refinancing an existing Golden 1 equity loan or line of credit. Other programs are available.  

Your maximum loan amount will be calculated using the combined loan-to-value (CLTV) of your existing first mortgage principal balance and new second mortgage according to current guidelines. At a 30-year term which includes a 10-year Draw Period and a 20-year Repayment Period, the minimum loan amount is $25,000 and the maximum loan amount is $700,000. The maximum CLTV must be at or below 80%. All programs and maximum CLTVs are subject to change or termination without notice. 

This is a variable-rate line of credit. The Annual Percentage Rate (APR) is based upon The Wall Street Journal Prime Rate index plus a margin. Your rate may increase or decrease based on adjustments to Prime Rate, which could change multiple times during the life of the loan. The APR range is 4% minimum to 18% maximum. 

There is currently no annual fee for your participation in the credit plan under the HELOC Agreement. There are no other fees to open, use, or maintain this account except third party fees, such as property insurance, as required in the HELOC Agreement. Property insurance is required, and flood insurance may be required. An Early Termination Fee of $500 will be assessed if the line of credit is paid in full and closed within three (3) years from the date of opening.

²For a limited time, get a 4.99% APR introductory fixed rate for balances accrued within the first six billing cycles from the account open date. The introductory rate offer is only available on new applications received from 12/16/2024 through 3/31/2025. After the introductory period, your rate will revert to the variable rate calculation as stated in your Agreement.

The promotional rate is not available for investment properties or second homes and cannot be applied to any other HELOC product or promotions. Not all Members will qualify for 4.99% APR and may be offered higher rates based on creditworthiness, qualification, and collateral conditions. The introductory rate applies to the variable line in use only and is not applicable to any Fixed-Rate Loan Conversion. No other discounts are available during the fixed rate introductory period. Special offers are subject to change. Golden 1 Credit Union may discontinue Introductory Rate Home Equity Line of Credit offers without notice, regardless of originally-advertised offer period dates.

Golden 1 Credit Union is not part of any government agency, nor do we represent or have the endorsement of HUD, FHA, the U.S. Government, or any federal, state, or local government agency. 

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and property conditions. 

¹The Golden 1 Home Equity Line of Credit (HELOC) is limited to one- to four-family owner-occupied units, vacation properties, and investment properties located in the state of California. Mobile homes are ineligible. Your HELOC application is subject to property valuation. Before your HELOC is funded, all loans secured by your home other than your first mortgage must be paid off. Contact the credit union for terms and conditions for refinancing an existing Golden 1 equity loan or line of credit. Other programs are available.  

Your maximum loan amount will be calculated using the combined loan-to-value (CLTV) of your existing first mortgage principal balance and new second mortgage according to current guidelines. At a 30-year term which includes a 10-year Draw Period and a 20-year Repayment Period, the minimum loan amount is $25,000 and the maximum loan amount is $700,000. The maximum CLTV must be at or below 80%. All programs and maximum CLTVs are subject to change or termination without notice. 

This is a variable-rate line of credit. The Annual Percentage Rate (APR) is based upon The Wall Street Journal Prime Rate index plus a margin. Your rate may increase or decrease based on adjustments to Prime Rate, which could change multiple times during the life of the loan. The APR range is 4% minimum to 18% maximum. 

There is currently no annual fee for your participation in the credit plan under the HELOC Agreement. There are no other fees to open, use, or maintain this account except third party fees, such as property insurance, as required in the HELOC Agreement. Property insurance is required, and flood insurance may be required. An Early Termination Fee of $500 will be assessed if the line of credit is paid in full and closed within three (3) years from the date of opening.  

² If you choose to convert any portion of your balance to a fixed rate using the fixed rate conversion option, your fixed-rate APR will be effective the next business day following the processing of this request. Exercise of the fixed-rate conversion may increase or decrease your rate. Ask for current interest rates before exercising the fixed-rate conversion option. A maximum of five fixed-rate loan conversions are allowed at any one time, and only during the draw period for the line of credit. A minimum of $5,000 can be converted each time.