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Home Equity Line of Credit - HELOCs

You make the memories. We make it possible.

Owning a home is a big deal! You've put in a lot of time and effort into finding the right house and making it feel like home.

Benefit from the equity of your home with a Home Equity Line of Credit (HELOC) from Cabrillo.

View Rates   Apply for a HELOC

Unlock Your Home's Equity with a San Diego HELOC

HELOC Loans San Diego

A Home Equity Line of Credit - This is a revolving loan with a variable rate. Like a traditional home equity loan, a line of credit taps into the equity in your home, but can be used on an ongoing basis. If you’re wanting to make continuous upgrades to your home, especially over a long period of time, a Home Equity Line of Credit (HELOC) is a more efficient way of managing your home’s equity, plus there are NO FEES!*

A HELOC is an easy and affordable way to:

  • Remodel your kitchen or bathroom
  • Install solar panels
  • Landscape your home
  • Consolidate other debt

It is also a great "safety net" for life's unexpected emergencies. 


Home Equity Line of Credit Rates

Looking to spruce up your home or cover unexpected expenses? Cabrillo Credit Union offers a Home Equity Line of Credit (HELOC) to help you tap into the equity you've built in your home.

Our HELOC provides you with financial flexibility, allowing you to borrow funds as needed and pay them back over time. With competitive rates and a credit limit determined at closing, you can access the funds you need for your next project or purchase.

Loan Amount Up to $100,000
Term Up to 180 months
Rate Variable
Rates as of January 1, 2024

Other Terms

Rate can adjust monthly, but will never increase or decrease by more than 2% per year and is limited to a maximum interest rate of 10% greater than the initial rate. Minimum annual percentage rate is as low as Prime plus 0.50%. Loan offers a 10 year draw period and a 15 year repayment. Balloon payment due on any unpaid balance at maturity date. 80% LTV maximum. Property must be in California and owner occupied. Please consult your tax advisor for possible tax benefits. Rates subject to change. A Home Equity Line of Credit (HELOC) is a loan on your home and the amount of the loan is determined by the equity available.

*APR = Annual Percentage Rate. Rate is tied to Prime as posted in the Wall Street Journal on the first day of each month.


Why Choose a HELOC?

  • Access funds as needed
  • Pay interest only on the amount borrowed
  • Repay and borrow again, providing ongoing financial support


Benefits of a Home Equity Loan

  • Receive funds upfront for larger expenses
  • Enjoy stability with a fixed-rate option
  • Know your payment amount won't change


Apply Today

Ready to unlock your home's equity? Apply for a HELOC with Cabrillo Credit Union today and gain the financial flexibility you need to achieve your goals.

Don’t miss out!  Our HELOC is a great way to tap into the equity in your home, without having to refinance your mortgage.

To apply for a loan, click here.


*All loans are subject to credit, income, and collateral approval. Not all members will qualify. Loan to value cannot exceed 80%, including combined balance of the first mortgage. Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. The Prime Rate as of August 1, 2023, is 8.50% and the corresponding variable APR is 9.00% to 18.00%. Minimum annual percentage rate is as low as Prime Rate, as published in the Wall Street Journal, plus 0.50%. The maximum APR is 18.00%. Customary appraisal, title and recording fees of $850 and $1,250 are waived. Some restrictions may apply. Federally insured by NCUA. NMLS #525546

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