Home Equity Line of Credit for Non-Owner Occupied Properties

Use the equity in your rental property or vacation home for an affordable line-of-credit!

Key Benefits:

• Loans from $5,000 to $50,000
• Prime Rate Plus 1.00% APR* - Currently 6% APR*
• Interest only required during first five years. (5-year period to draw, 10-year period for repayment.)
• 65% Loan to value
• $100 Processing Fee
• No Annual Fee - New!

Apply online for a HELOC today or visit one of our Member Service Representatives at the branch nearest you.

Also apply by Fax and Mail: You can also call (408) 294-8800 and press option 4 or email us at sjcu@sjcu.org to get the process started. We can fax or email you the application and you can fax it back to (408) 287-2305 or mail it to us Attn: Loan Department, 140 Asbury Street, San Jose, CA 95110.

*APR = Annual Percentage Rate. This loan has a variable rate. The annual percentage rate can change quarterly on the first day of January, April, July and October. Maximum lifetime APR is 18.00%. APR accurate as of 04/01/08 and is subject to change without notice. The APR is based on an index. The index is the WSJ Prime rate. The minimum credit advance that you can receive is $5,000 for the first advance and $300 for each subsequent advance. We will charge your account $20.00 if you request an advance for less than the minimum advance amount permitted under this agreement. If you do not keep your line of credit open for at least one year, you will reimburse SJCU $500.00 towards the cost of establishing your line of credit. Lines must be secured by first or second deed of trust on your personal 1-4 unit residence in California. All loans are subject to credit approval. Some restrictions apply.

Loan-to-Value Ratio - LTV may not exceed 65 % of the appraised value minus the balance owing on the First Trust Deed.

The above information is not a Loan Commitment and is subject to change without prior notice.

Property Insurance Required