Borrow Against Your Home
Access funds for life’s big plans
Whether you want to leverage the equity in your home for renovations, consolidating debt, or major expenses, we have the right home equity products for you.
Benefits of our Home Equity Products
No Closing Costs
You can forget the closing costs with ALL of our Home Equity products!‡ We’ll cover it so you don’t have to.
Flexible Payment Plans
Find the perfect fit for your budget with our flexible payment plans, offering both fixed and variable rates.
Competitive Interest Rates
Save even more with our competitive interest rates and no closing costs‡, making borrowing both affordable and stress-free.
Expert Guidance
Our dedicated lending team and trusted partners will help you find the best home equity solutions tailored to your needs.
Turn Your Home Equity into Opportunity
Ready to leverage your home’s value? Credit Pathways can help you understand the credit impact and make informed decisions.
Home Equity Loans (Fixed)
Secure your financial needs with our Home Equity Loan featuring a fixed rate. Enjoy predictable monthly payments and a consistent interest rate, making it easy to plan and manage your budget.
- NO CLOSING COSTS‡
- Fixed rate
- No annual fee
- 90% Loan to Value (LTV)
- Start to finish processing in 10 to 14 business days
- Interest is often tax deductible**
- Loans available for up to $250,000
- Terms up to 15 years
|
Loan to Value (LTV, with Autopay*) |
Term |
First Lien APR*† (as low as) |
Second Lien APR*† (as low as) |
|---|---|---|---|
|
* APR = Annual Percentage Rate. Rates are subject to change without notice. The advertised APR reflects a 0.25% discount for automatic payment (autopay). Without autopay, rates will be 0.25% higher. All loans are subject to credit approval. Rates are based on creditworthiness (including credit history and current credit report), loan amount, term, and collateral. Not all applicants will qualify for the lowest advertised APR. † Lien Position & Rate Eligibility: Separate rates are shown for first lien and second lien positions. Actual lien position will be verified through title review. Rates may vary based on lien position, loan-to-value (LTV), and other underwriting factors. Final rate and loan terms are subject to credit approval. |
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|
Loan to Value (LTV, with Autopay*) 70% |
Term 1 – 7 years |
First Lien APR*† (as low as) 6.00% |
Second Lien APR*† (as low as) 6.50% |
|
Loan to Value (LTV, with Autopay*) 70% |
Term 8 – 15 years |
First Lien APR*† (as low as) 6.25% |
Second Lien APR*† (as low as) 6.75% |
|
Loan to Value (LTV, with Autopay*) 80% |
Term 1 – 7 years |
First Lien APR*† (as low as) 6.50% |
Second Lien APR*† (as low as) 7.00% |
|
Loan to Value (LTV, with Autopay*) 80% |
Term 8 – 15 years |
First Lien APR*† (as low as) 6.75% |
Second Lien APR*† (as low as) 7.25% |
|
Loan to Value (LTV, with Autopay*) 90% |
Term 1 – 7 years |
First Lien APR*† (as low as) 6.75% |
Second Lien APR*† (as low as) 7.25% |
|
Loan to Value (LTV, with Autopay*) 90% |
Term 8 – 15 years |
First Lien APR*† (as low as) 7.25% |
Second Lien APR*† (as low as) 7.75% |
Home Equity Line of Credit (Fixed)
Access the equity in your home with our fixed-rate Home Equity Line of Credit. Benefit from a stable interest rate and flexible borrowing options, providing you with reliable financial support whenever you need it.
- NO CLOSING COSTS‡
- No annual fee
- 90% Loan to Value (LTV)
- Start to finish processing in 10 to 14 business days
- Open, revolving Line of Credit for the first 2 years
- Interest is often tax deductible**
- Loans available for up to $250,000
- Amortized over a 10 year repayment period after the 2 year draw period
|
Loan to Value (LTV, with Autopay*) |
Term |
First Lien APR*† (as low as) |
Second Lien APR*† (as low as) |
|---|---|---|---|
|
* APR = Annual Percentage Rate. Rates are subject to change without notice. The advertised APR reflects a 0.25% discount for automatic payment (autopay). Without autopay, rates will be 0.25% higher. All loans are subject to credit approval. Rates are based on creditworthiness (including credit history and current credit report), loan amount, term, and collateral. Not all applicants will qualify for the lowest advertised APR. † Lien Position & Rate Eligibility: Separate rates are shown for first lien and second lien positions. Actual lien position will be verified through title review. Rates may vary based on lien position, loan-to-value (LTV), and other underwriting factors. Final rate and loan terms are subject to credit approval. |
|||
|
Loan to Value (LTV, with Autopay*) 70% |
Term 2 year draw, 10 year repayment |
First Lien APR*† (as low as) 6.00% |
Second Lien APR*† (as low as) 6.50% |
|
Loan to Value (LTV, with Autopay*) 80% |
Term 2 year draw, 10 year repayment |
First Lien APR*† (as low as) 6.50% |
Second Lien APR*† (as low as) 7.00% |
|
Loan to Value (LTV, with Autopay*) 90% |
Term 2 year draw, 10 year repayment |
First Lien APR*† (as low as) 7.25% |
Second Lien APR*† (as low as) 7.75% |
Home Equity Line of Credit (Adjustable)
Maximize your home’s equity with our variable-rate Home Equity Line of Credit. Enjoy flexible borrowing and potentially lower initial interest rates, with the convenience of accessing funds as needed.
- NO CLOSING COSTS‡
- No annual fee
- 90% Loan to Value (LTV)
- Start to finish processing in 10 to 14 business days
- Open, revolving Line of Credit for the first 7 years
- Interest is often tax deductible**
- Loans available for up to $250,000
- Amortized over a 15 year repayment period after the 7 year draw period
|
Loan to Value (LTV, with Autopay*) |
Term |
First Lien APR*†§ (as low as) |
Second Lien APR*†§ (as low as) |
|---|---|---|---|
|
* APR = Annual Percentage Rate. Rates are subject to change without notice. The advertised APR reflects a 0.25% discount for automatic payment (autopay). Without autopay, rates will be 0.25% higher. All loans are subject to credit approval. Rates are based on creditworthiness (including credit history and current credit report), loan amount, term, and collateral. Not all applicants will qualify for the lowest advertised APR. † Lien Position & Rate Eligibility: Separate rates are shown for first lien and second lien positions. Actual lien position will be verified through title review. Rates may vary based on lien position, loan-to-value (LTV), and other underwriting factors. Final rate and loan terms are subject to credit approval. § Adjustable Rate Information (Home Equity Line of Credit – Adjustable Only): The APR for adjustable-rate home equity lines of credit is based on the Prime Rate and may change monthly. Rate adjustments occur on the first day of the billing cycle following a change in the index. Maximum and minimum rate limits may apply. |
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|
Loan to Value (LTV, with Autopay*) 70% |
Term 7 year draw, 15 year repayment |
First Lien APR*†§ (as low as) 5.75% |
Second Lien APR*†§ (as low as) 6.25% |
|
Loan to Value (LTV, with Autopay*) 80% |
Term 7 year draw, 15 year repayment |
First Lien APR*†§ (as low as) 6.25% |
Second Lien APR*†§ (as low as) 6.75% |
|
Loan to Value (LTV, with Autopay*) 90% |
Term 7 year draw, 15 year repayment |
First Lien APR*†§ (as low as) 7.00% |
Second Lien APR*†§ (as low as) 7.50% |
Ready to Tap into Your Home’s Equity?
Contact our Lending Team today at loans@pointwestcu.com or 503.546.5000 to learn more about our home equity products. Apply online now and unlock the financial potential of your home!
Please use this Subordination Checklist and Subordination Agreement when submitting packets to Point West. Questions? Please contact our Lending team for assistance at 503.546.5000 or loans@pointwestcu.com
Disclosures
-
* APR = Annual Percentage Rate. Rates are subject to change without notice. The advertised APR reflects a 0.25% discount for automatic payment (autopay). Without autopay, rates will be 0.25% higher. All loans are subject to credit approval. Rates are based on creditworthiness (including credit history and current credit report), loan amount, term, and collateral. Not all applicants will qualify for the lowest advertised APR.
**While interest is typically tax deductible, please check with a tax advisor to confirm deductions before taking on any loans. The interest rate a member pays is based on the member’s credit worthiness, credit history, loan-to-value ratio and term of the loan. Minimum Line of Credit for the Fixed HELOC is $10,000. For lowest rate, loan payments must be made via automatic payment. Rate is 0.25% higher for non-auto pay loan payments.
† Lien Position & Rate Eligibility: Separate rates are shown for first lien and second lien positions. Actual lien position will be verified through title review. Rates may vary based on lien position, loan-to-value (LTV), and other underwriting factors. Final rate and loan terms are subject to credit approval.
‡ Closing Costs: Only available on Owner Occupied properties. Point West covers standard closing costs associated with this loan. If a full appraisal is required, Point West will cover up to $250 of the appraisal cost. Any appraisal costs exceeding $250 are the responsibility of the member. Closing cost coverage may vary based on loan requirements and is subject to underwriting and collateral review.
§ Adjustable Rate Information (Home Equity Line of Credit – Adjustable Only): The APR for adjustable-rate home equity lines of credit is based on the Prime Rate and may change monthly. Rate adjustments occur on the first day of the billing cycle following a change in the index. Maximum and minimum rate limits may apply.
To qualify for a HELOC, a member must have sufficient home equity to qualify for minimum line of $10,000. Rates change the 1st day of the following month after Prime Rate index changes. Minimum payment: 1% of outstanding balance. The margin connected to Prime Rate is determined by credit score.
NMLS ID #440206