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Down payment on a second house.
It’s a hybrid—part home equity line of credit, part home equity loan. Custom Fit Home Equity combines the best parts of two traditional home equity solutions to give you more options.
You get a variable-rate line of credit that gives you quick access to funds when you need them. Plus, you’ll have the freedom to lock in a great rate on up to five fixed-rate loan segments at any time.
A variable-rate line of credit that gives you quick access to funds when you need them. You can access your variable-rate HELOC with a Salal credit card or checks. Your line of credit has no minimum draw requirement, so you won’t have to use it until you actually need it.
Learn and discover: See our FAQs and tutorials to get help with some of the most common questions and topics our members ask about.
*APR=Annual Percentage Rate. Actual APR will be based on creditworthiness. Rates are current as of 9:30 a.m. PT on November 20, 2024 and are subject to change without notice.
1 Index=Wall Street Journal Prime Rate. The APR is variable and may change during the term of the loan. The minimum APR is 3.24% and the maximum APR is 18.00%. No minimum draw amount. Revolving line of credit with 10-year draw period; 15-year amortization after end of draw period.
2 10-Yr Nominal Constant Maturity Treasury. EXAMPLE PAYMENT—Fixed-Rate Segment: $385.35 a month based on a 60-month term, $20,000 loan at 5.86% APR. For fixed-rate segments: $5,000 minimum draw amount; 5, 10, and 15-year terms available; Fully amortized principal and interest payments.
All loans subject to credit approval. Max. loan amount $100,000; Max HCLTV 60%. LTV based on approved credit and property valuation. Homeowner’s insurance required. Residential primary real estate only. Subject property must be in CA, OR, or WA state and vested in borrower’s name. Should an appraisal be a loan requirement, applicants pay half of the fee (approx. $350–$450); all other application fees are covered by Salal. Credit Union membership is required. Consult a tax advisor regarding the deductibility of interest.
Fill out the form below and one of our Mortgage Advisors will get back to you within 1-2 business days. Their recommendations come with no obligation.
Fill out the form below and one of our Mortgage Advisors will get back to you within 1-2 business days. Their recommendations come with no obligation.
Fill out the form below and one of our Mortgage Advisors will get back to you within 1-2 business days. Their recommendations come with no obligation.
Select your state below to schedule a call with the Salal Dealer Direct representative in your region.
