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Home Equity Line of Credit

Build it and They Will Come

Make your home the go-to place for reconnecting with family and friends with a First Entertainment Home Equity Line of Credit. And for a limited time*, we're waiving the $300 origination fee for loan amounts up to $250,000.** Get ready to gather!

Apply for your HELOC today!

*Offer available for new applications submitted between March 14 and June 30, 2022.

**All loans are subject to credit, income, and collateral approval. $300 origination fees are waived for loans up to $250,000, in second lien position on owner-occupied single-family primary residence located in the State of California. Other fees may apply. Terms and conditions apply. Rates, terms, and conditions are subject to change without notice. If you have questions or want additional information, please call our Real Estate Loan Team today at 888.800.3328.

Putting Your Home to Work

Home Equity Line of Credit (HELOC) is an ideal source of funds for big-ticket expenses.1 Whether you want to remodel your home, pay tuition, take a well-deserved vacation, or provide a “back-up” plan during hiatus, we want to help! A few features of our HELOC include:

  • Financing from $10,000 to $500,0002
    • No Annual Fee
    • Low-cost, one-time origination fee of $300 for loan amounts of $10,000 to $250,000
    • Low-cost, one-time origination fee of $600 for loan amounts of $250,001 to $500,000
  • Competitive rates, currently ranging between 4.50% and 18.00% annual percentage rate (APR), based on creditworthiness, property condition, and risk factors3
  • Immediate access to your funds via Digital Banking or HELOC checks
  • Investment property financing also available4
  • Maximum Years to Repay: 10 year draw/15 year repayment
  • Home Equity Line of Credit Rates

    Effective Date: May 16, 2022

    Type of OwnershipAnnual Percentage Rate† (as low as)Maximum Combined Loan to Value (CLTV)‡Loan Amount
    Owner Occupied4.50%Maximum 60%$10,000 - $500,000
    Owner Occupied4.74%Maximum 70%$10,000 - $500,000
    Owner Occupied5.00%Maximum 80%$10,000 - $500,000
    Owner Occupied5.24%Maximum 90%$10,000 - $250,000
    Non-Owner Occupied (Investment)7.00%Up to 60% CLTV$10,000 - $250,000

    †Annual Percentage Rates and terms subject to change without notice. All loans are subject to credit, income, and collateral approval.

    ‡Combined Loan to value (CLTV) = 1st mortgage balance and new HELOC loan amount.

    Alternative rates and terms apply depending on applicant's credit and collateral qualifications. Prime Rate is based on that published by the Wall Street Journal.

If you have questions, or would like additional information, give our Real Estate Loan Team a call at 888.800.3328.

Apply Today for your Home Equity Line of Credit.


1 All loans are subject to credit, income, and collateral approval. Not all members will qualify. Eligible home loans only for California properties. Consult your tax advisor regarding deductibility of interest.

2 First Entertainment offers HELOCs on owner-occupied single-family primary residences for loan amounts from $250,001 - $500,000 up to 80% of your combined loan to value (CLTV) and for loan amounts from $10,000 to $250,000 up to 90% CLTV.

The Maximum CLTV for HELOCs on a non-owner-occupied property is 60% with loan amounts from $10,000 to $250,000.

3 The First Entertainment HELOC is an adjustable-rate loan. The HELOC rate, based on the current Prime Rate as published in the Wall Street Journal (the Index) plus a Margin, is variable and subject to change monthly. Maximum APR capped at 18.00% and minimum APR limit of 4.50% apply.  Current HELOC rates are available online at firstent.org/rates or by calling the Credit Union at 888.800.3328. Loan origination fees ranging from $300 to $600 for opening a HELOC may be charged.

4 Certain terms and conditions may apply. Contact the Real Estate department at 888.800.3328 for details.