Unlock Your Home's Potential 1
4.99% Introductory APR for the First 12 Months1
Put your home's equity to work this summer. Whether you're planning renovations, upgrading outdoor spaces, consolidating debt, or preparing for life's big moments, our limited-time HELOC gives you flexible access to funds with a low introductory rate for the first 12 months.
Use Your Equity Your Way
Up to
$750,000
Up to 80% CLTV
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Home Improvements
Create the home you've always wanted—inside and out.
Life's Big Moments
Fund special occasions, celebrations, and unforgettable experiences.
Financial Freedom
Consolidate debt and take steps toward a stronger financial future.
Enjoy 10 Years of Flexible Access to Your Funds1
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Frequently Asked Questions
What is Prime Rate and Margin when it pertains to my Member Rate?
A HELOC (Home Equity Line of Credit) prime rate is the interest rate that serves as a benchmark for setting HELOC interest rates. The prime rate is often tied to the federal funds rate set by the Federal Reserve, meaning it can fluctuate based on economic conditions and Federal Reserve policy changes.For a HELOC, the interest rate is typically expressed as the prime rate plus a margin. For example, if the prime rate is 8.75% and the margin is 0.25%, the HELOC rate would be 9.00%. This margin can vary based on the borrower's creditworthiness and the lending institution's policies.
Who is eligible for a HELOC?
Homeowners with equity in their homes. Take your home's value, and then subtract all amounts that are owed on that property. The difference is the amount of equity you have. For example, if you have a property worth $400,000, and the total mortgage balances owed on the property are $200,000, then you have a total of $200,000 in equity.2Are there fees I can expect with this process?
Estimated costs related to the process: If required, Full Appraisal Fee ($140.00-$950.00), Current Owner Search Report ($84.00), Origination Fee ($60.00), Flood Ceritication Fee ($11.00), Estimated Recording Fees ($150.00), Mobile Notary Fee ($165.00). Enjoy no application fee, annual service fee, or pre-payment fee!
Serving Southern California homeowners since 1957.
Local decisions. Personalized service.
Disclosures
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*Annual Percentage Rate. Rate shown is effective 7/01/2026 and may change without notice. Rate shown is the lowest possible and is based on FICO/Credit Score and other factors. The rate of 4.99% APR is an introductory rate valid for the first 12 months from when the Home Equity Line of Credit (HELOC) funds: after which the rate will default to the non-promotional rate which the member qualifies for based on the Prime Rate and margin disclosed at the time of funding, which is determined by creditworthiness, FICO/Credit Score and other factors. The floor rate for this promotion is 4.99% APR. This is subject to standard Downey Federal Credit Union (DFCU) credit approval. There will be a $550 penalty if the HELOC is closed within three years of funding. To qualify for the introductory rate member must advance a minimum of $10,000 at the time of funding the HELOC. If there is no initial advance at the time of funding, the loan will not be eligible for the discounted rate. This offer is valid from 7/01/2026 to 07/31/2026 must be funded by 08/31/2026. No HELOC or other loans currently financed at DFCU are eligible. DFCU does business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act and deposits are Federally Insured by NCUA. Membership must be in good standing in order to be approved for either of these loan promotions, non-members would have to establish membership before loan funding. Additional restrictions apply. Please contact a DFCU Loan Representative for complete promotional details and qualifying criteria. Other rates and terms are available.
