Golden 1 Credit Union is not affiliated with or endorsed by HUD, FHA, the U.S. Government, or any federal, state, or local agency. Loan approval, rates, terms, and conditions depend on creditworthiness and property details, and are subject to change without notice.

¹The Golden 1 Home Equity Line of Credit (HELOC) is available only for one- to four-unit owner-occupied homes and vacation properties in California. Only one primary residence HELOC can be originated within any 12month period, including refinances. Golden 1 will not extend new HELOC funding until all loans secured on your home are paid off, with the exception of your first mortgage. Contact us for details on refinancing existing Golden 1 equity loans or lines. Other programs are available.

Maximum loan amounts are determined using the combined loan-to-value (CLTV) of your mortgages, with a maximum CLTV of 80%. The HELOC has a 30-year term (10-year draw period and 20-year repayment period), minimum loan amount of $25,000, and maximum loan amount of $500,000. Programming terms and maximum CLTVs are subject to change 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 the Prime Rate, which could change multiple times during the life of the loan. The APR range is 4% minimum to 18% maximum.

²If 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.

³There is no annual fee for the HELOC and there are no other fees to open, use, or maintain this account except third party fees. Property insurance is required, and flood insurance may be required. An Early Termination Fee of $500 applies if the line is paid off and closed within 3 years of opening.

Capitalized terms used in this disclosure, not otherwise defined herein, will have the meanings as set forth in the Home Equity Line of Credit Agreement (the “HELOC Agreement”), and in any Addenda to the HELOC Agreement.

*The introductory fixed-rate Discount Rate is only available for new applications on primary residences and cannot be applied to any other HELOC product or promotion. The Discount Rate will apply to balances accrued within the first 6 billing cycles from the account opening and funding date. After the Introductory Period, your rate will revert to the variable rate calculation as stated in your HELOC Agreement. Fixed-Rate Loan Conversions and other discounts are unavailable during the Introductory Period. Golden 1 Credit Union may discontinue introductory-rate discounts without notice at its sole discretion, regardless of originally-advertised offers.