Skip to Content

Home Equity Line of Credit

construction workers drill into a wall

Putting Your Home to Work

A Home Equity Line of Credit (HELOC) is an ideal source of funds for big-ticket expenses. Whether you want to remodel your home, pay tuition, take a well-deserved vacation, or provide a “back-up” plan during hiatus, we just want to help! With our Home Equity Line of Credit, you’ll have a convenient and flexible source of cash with a lower interest rate than credit cards or other personal loans.

Features of our very popular HELOC

  • Financing up to $500,000*.
  • Competitive HELOC Rates.
  • Instant access online or with free HELOC checks.
  • Low closing costs**.
  • Investment properties may be eligible for a HELOC.

If you have questions, or would like additional information, please call our Real Estate Loan Team today at (888) 800-3328 enter prompt “2”, then prompt 2 again.

Apply Today for your Home Equity Line of Credit.

*On primary residences, you may borrow a maximum of $500,000 up to 80% of your combined loan to value (CLTV); and for a maximum loan amount of $250,000 up to 90% CLTV.  Closing costs on credit limits in excess of $250,000 are $600. The Maximum CLTV for HELOCS on investment property is 60% and for a maximum loan amount of $250,000.

**The estimated closing costs for a HELOC on owner-occupied property are $225 for loan amounts up to $250,000. Estimated closing costs for a HELOC on owner-occupied property are $600 for loan amounts $250,001 to $500,000, and for HELOCs in 1st lien position. The estimated closing costs for a HELOC on investment property are $600 for loan amounts up to $250,000.

The First Entertainment HELOC is an adjustable rate loan. The HELOC rate is based on the current Prime Rate (the Index) plus a Margin, and is then variable and subject to change monthly. The Variable-Rate HELOC current 6.0% APR is accurate as of 6/12/2019, is subject to change, and is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 60%. The rate may increase after consummation. Maximum APR 18%. The HELOC term is 25 years. Minimum interest-only monthly payment during the 10-year draw period, and amortized monthly payments during the 15-year repayment period. Minimum credit limit is $10,000; Maximum $500,000 for owner occupied property, maximum CLTV of 80%. Property Insurance and a lien are required on the subject property. Consult your tax advisor regarding deductibility of interest. APR = Annual Percentage Rate. The HELOC is available only in CA. Membership required.

NMLS #407686