Mission Federal Home Equity Line of Credit

View Daily Rates

Home Equity Line of Credit (HELOC)

You've invested a lot to build your home's equity. Now let your home invest in you, with a low-cost loan for your next big purchase.

Why use a Mission Fed HELOC?

Lower interest rates and favorable terms make it a great time to use your home's equity to make your dreams happen for you. And it's as easy as giving us a call. Our loan counselors will work to get you the best possible interest rate and keep your payments within your budget.

Contact a Real Estate Loan Advisor 24/7 for home loan advice at 800.500.6328 x2039.
Or apply online now.
And let your San Diego home start investing in you.

Apply now

 

More benefits:

• No points*: Get the best low rate with no additional fee.
• Borrow up to 80% of the equity in your home.
• Only pay interest on the money you use with our regular HELOC.
• We'll even let you skip summer payments, which is great if you are a school employee.
• Interest only HELOC option: allows you to pay only interest for a certain time period before starting to pay principal.
• Please contact your Mission Federal Real Estate Loan Advisor for more details.
• With our Interest-Only HELOCs, make interest-only payments for the first ten years.
• The interest on your HELOC may be tax-deductible (ask your tax consultant for more details).
• 24-hour access to your HELOC funds:

- By phone with MissionLine
- Online with MissionLink, eBranch
- With your Mission Fed Visa Equity Gold Card issued with your loan
- Write your Mission Fed Equity Checks issued with your loan
- Visit any San Diego Mission Fed Branch.

* Rates, terms, conditions and services subject to change. Loans subject to credit approval. HELOC and 2nd Trust Deed loans available only for property in California. The annual percentage rate and minimum payment vary. The maximum rate is 5% over the initial interest rate for combined loan-to-value 80%. At the end of the loan term, a balloon payment is due on any unpaid loan balance. If your Home Equity Line of Credit is paid off and closed in less than three (3) years from the funding date, you will be required to reimburse us $500.00 for fees and costs paid on your behalf. Consult a tax advisor regarding the deductibility of interest. We conduct business in accordance with the Federal Fair Lending Laws and Equal Credit Opportunity Act. Mission Federal Credit Union is federally insured by the National Credit Union Administration.