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Home Equity Line of Credit (HELOC)

Home Equity Line of Credit 

Turn your home's equity into opportunity with a low-rate HELOC. A revolving line of credit can help whether you're planning your dream renovation, consolidating debt, funding your education, or investing in your future.
When life throws you big surprises, you can benefit from a low-rate HELOC that works for you. Use the equity you've built to handle the ups and downs of life. Apply today and find out how much you can leverage. 
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Benefits of HELOC

When you need cash to cover an emergency or significant life event, your home's equity awaits you. Discover the advantages of a HELOC today.
  • Borrow up to 95% of your combined loan-to-value 
  • No annual fees 
  • The minimum loan amount is $25,000 
  • Instant, convenient, online access to your funds 
  • Interest may be tax-deductible (consult with your tax advisor) 
15-year repayment option

15-year repayment option

Enjoy competitive terms with our standard variable rate ranging from 8.00% to 17.99% APR*.
20-year repayment option

20-year repayment option

Please use our exciting standard variable rate of 8.25% to 17.99% APR1.

SPECIAL INTRODUCTORY RATE

5.99% APR*

for the first 12 months

Mortgage loan originator and servicer information

  • Mortgage loan originator information about Mortgage loan originator information

    The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires credit union mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS). 
     
    Each employee of a credit union who acts as a mortgage loan originator must register with the Registry, obtain a unique identifier, and maintain this registration following the requirements of the SAFE Act. 

     
    Below are the registered mortgage loan originators of University Credit Union, NMLS #409731. 

    • Merisa Gates - NMLS ID #188870 
    • Estela Nagahashi - NMLS ID #1699957 
    • Miguel Olivares - NMLS ID #2068660 
    • Michelle Pacheco - NMLS ID #662822 
    • Britini Pender - NMLS ID #694308 
    • Sheri Sicka - NMLS ID #809498 
    • Elizabeth Torres - NMLS ID #1757889 
    • David L. Tuyo II - NMLS ID #1152000 

     

    One of the objectives of the SAFE Act is to provide consumers with easily accessible information at no charge regarding mortgage loan originators. You may access information at www.nmlsconsumeraccess.org 

     

  • Mortgage loan servicing information about Mortgage loan servicing information

    Requests for information, requests for resolution of an error, or errors in connection with an existing Home Equity Line of Credit (HELOC) or Second Mortgage loan must be made in writing and forwarded via the U.S. mail to the following address: 

    University Credit Union 
    Real Estate Department 
    1500 S. Sepulveda Blvd. 
    Los Angeles, CA 90025 

     
    HELOC and Second Mortgage payments sent via U.S. mail should be addressed to: 

    University Credit Union 
    PO Box 25356 
    Los Angeles, CA 90025 

     

    Contact University Credit Union: 

    424.320.4686 or 
    855.564.6828 

    9 am - 5 pm PST, Monday through Friday 

     
    Real Estate Department's Fax Number: 

    424.320.4639 

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Latest resources

Rates

Rates

Get lower-than-market rates on auto loans, consumer loans, credit cards, and HELOCs by taking advantage of our Best Rates in the Nation Guarantee.2
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Financial wellness

Financial wellness

Use our helpful financial resource guides to discover how to pay for college, save for retirement and more. 
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Account services 

Account services 

Enroll in digital banking, download our mobile app, apply for a loan, or explore more services designed to make managing your finances simple.
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Giving our University Communities a financial advantage
University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, The Big West Universities, Western Athletic Conference Universities, Southland Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.

*APR = Annual Percentage Rate. Introductory rate good for 12 months from date of closing. This special introductory rate is subject to change or end at any time without notice. Rate may change based on the index which is the Prime Rate as regularly published in the "Money Rates Table" of the Wall Street Journal. The current index for this quarter as of 9/19/2024 is 8.00%. Corresponding variable APRs range from a minimum of 7.50% to a maximum of 17.99%. Rate is subject to change quarterly. Interest-only payments apply to Home Equity Lines of Credit with a maximum 80% combined loan-to-value and during draw period only. Minimum Credit Limit $25,000. Minimum Loan Amount $25,000. Minimum payment during the draw period is equal to the finance charges (interest) that accrued on the outstanding balance during the preceding billing period. Closing costs may range from $700 to $1,500. No annual or advance fees charged on HELOCs. All loans listed are available on primary member residences and secured by a first or second mortgage lien on your home which must be single-family, owner-occupied detached dwellings, condos, or townhouses. Other restrictions may apply. Flood and /or property hazard insurance may be required. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Loans issued subject to credit review and other qualifying conditions, not all applicants will qualify.

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Financial wellness

As your financial institution of choice, we're committed to helping you stay financially fit and make smart choices. At University Credit Union, you'll bank with your brain.
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Home loans

Apply our full suite of home loans for first-time homebuyers. Get refinancing and other services to get your dream home.
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