Home Equity Line of Credit 

Get an introductory variable rate as low as 5.99% APR* for 12 months.

After that, the standard variable rate will be 7.75% to 16.00% APR.

Tap into your home’s equity for home improvement, loan consolidation, college tuition-whatever you need.

A First City Home Equity Line of Credit (HELOC) is a smart way to put your home’s equity to work for you. The rates are usually lower than credit cards or other consumer loans, and in some cases, your interest may be tax deductible (consult your tax advisor).  Plus, it’s nice to know your line of credit is available for emergencies or other unexpected expenses.

First City’s HELOC

This is First City’s HELOC, which is a line of credit secured by your primary residence. You can borrow up to 80% of your home’s equity less the amount of any first mortgage up to $400,000.  This HELOC has a 10 year draw period and a 20-year repayment period. The interest rate is variable for the life of the loan and subject to change monthly. This product is great for members looking to maximize their cash flows via interest-only payments during the first 10 years. Payments during the repayment period are recalculated monthly based on the current balance, variable rate and the maturity date.  

Click here for the HELOC Early Disclosure

You’ll be able to access your home equity line of credit funds by:

• Account transfer

Call our Mortgage Loan Officers at (800) 944-2200 extension 5, Option 2 for more information, current rates, and a HELOC application.

*APR = Annual Percentage Rate. Introductory rate valid for first 12 months; after which will change to our variable-standard non-introductory rate (currently as low as 7.75% to a maximum 16.00% APR). “Regular” rate after intro rate is variable. The index value as of February 4, 2025 is 7.50%. Rate may change monthly based on the index which is the Prime Rate as published in the Federal Reserve Bulletin (H.15).  The interest rate is determined by the index value plus a margin, which ranges from 0.25% to 2.50%.  The rate may not change by more than 3% in any one year. The maximum rate is 16.00% APR. The minimum payment during the draw period will be equal to all accrued yet unpaid finance charges. The minimum payment during the repayment period will be calculated monthly based on the remaining balance, variable rate and loan maturity date, subject to the lesser of $100.00 or your account balance.  Third-party fees are applicable and range from $680.00 to $1,280.00. The third party settlement fees are waived and must be reimbursed if loan is closed within initial 36 months. The minimum credit Limit is $25,000 and the maximum is $400,000. The maximum combined-loan-to-value is 80%. All loans listed are available on primary member residences in California (single-family, owner-occupied detached dwellings, condos, or townhouses). Loan subject to membership, borrower and property qualifications. Property insurance is required. Rates and terms as of February 4, 2025 and are subject to change without notice. Conditions, restrictions, and terms may apply.

NMLS #649182

Mortgage Hardship Assistance