Unlock the Possibilities with Home Equity
At PremierOne Credit Union, we offer flexible home equity loan solutions tailored to your goals. Our personalized service, competitive rates, and convenient online application process make home financing easy and stress-free.
Check out our Home Equity Options
- Home Equity Loan
- Home Equity Line of Credit
- Go Green Secure Equity Loan
- Go Green Enhancement Loan
- Mortgage Referral Program

Home Equity Loan
A Home Equity loan1, also known as a Second Mortgage, provides a one-time loan amount at a fixed rate over a set repayment period. Equity loans are perfect for one-time expenses such as; home improvements, debt consolidation, emergency and wedding expenses. Program features:
- Up to 90% Loan to Value (depending on loan amount)
- No points* and No early closure fee, after the first 36 months
- Subject to credit approval; 1 to 4-unit primary residence and investment property in California only
Home Equity Line of Credit (HELOC)
A HELOC2 is a revolving credit line with a low, variable percentage rate. You may only pay interest on what you actually use, so you have financial flexibility to handle whatever comes next. Program features:
- Up to 90% Loan to Value (depending on loan amount)
- No appraisal fee, No annual fee and No early closure fee, after the first 36 months for limits up to and including $250,000
- Insurance on property required
- Subject to credit approval; 1 to 4-unit primary residence and investment property in California only
- Interest may be tax deductible

Go Green Secured Equity Loan
If you are interested in making a few green home renovations, we can help! Use this low-rate Go Green Equity Loan to help with the purchase of:
- Solar panels or photovoltaics
- Solar-powered water heaters
- Wind turbines
- Fuel cells
- Certified insulation products
- Other green products will be considered on a case-by-case basis
- Up to $500,000
- A document showing the "green" installation is required
Go Green Enhancement Loan
- Unsecured Loan based Green renovation option
- Maximum loan of $50,000
- Terms of 5, 6, 7 & 10 years
- A document showing the "green" installation is required
Additional Resources
- What are the Different Types of Mortgages?
- Myths About Renting vs. Buying a Home
- How Can I Prepare to Buy a Home in the Future?
- 5 Reasons to Consider Investing in Property
Some restrictions may apply. All loans are subject to credit approval.
*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Some restrictions may apply. All loans are subject to credit approval. Actual rate offered is determined by the loan term requested and by the applicant's individual credit profile. Posted rates include a credit score of 760 or above, and 80% loan-to-value and qualified down payment when applicable.
1. Home Equity Loan: No Closing Costs and No Points. EXCEPT: 1. Appraisal Fee: only if an electronic version is not available (usually if property is new or rural, etc.) and/or if loan amount requested is above $400,000 2. Title Update Fee: only if title/vesting changes are required after the policy is ordered. 3. Reconveyance Fee: only if an existing PremierOne Credit Union Mortgage Loan or HELOC is being paid off/closed. The LTV allowed for loan amounts is based on your individual credit profile and other policy restrictions.
2. HELOC: This loan has a variable rate. The annual percentage rate can change on the first day of each month. Minimum lifetime APR is 4.50%. Maximum lifetime APR is 18.00%. The APR is based on an index. The index is the WSJ Prime rate. Actual rate determined by applicant's individual credit profile. The minimum credit advance that you can receive is $5,000 for the first advance and $300 for each subsequent advance. We will charge your account $20.00 if you request an advance for less than the minimum advance amount permitted under this agreement. If your approved credit limit is $250,000 or below and you do not receive an initial discounted rate, the credit union may pay the third party fees on your behalf. These fees generally total $0 - $1,000.00. If we pay bona fide third party fees on your behalf as listed in the “Schedule of Closing costs” on the addendum at closing, and you pay off your line of credit within 3 years from the opening date, you agree to reimburse the credit union for the bona fide third party fees paid on your behalf, as permitted by applicable law. If your approved credit limit is over $250,000, you must pay certain fees to third parties to open the plan. These fees generally total between $800 - $2,500.00. If you receive an initial discounted rate, you must pay certain fees to third parties to open the plan. These fees generally total between $0 - $1,000.00. If you ask, we will provide you with an itemization of the fees you will have to pay to third parties. If the initial rate is discounted, it will not be based on the index and margin used for later rate adjustments. Recently offered initial discounted rates have been in effect for 12 months. Ask us for the current index value, margin, discount and annual percentage rate. After you open a plan, rate information will be provided on periodic statements that we send you. Lines must be secured by first or second deed of trust on your personal 1-4 unit residence in California. All loans are subject to credit approval. Some restrictions apply. Please consult a tax advisor regarding the deductibility of interest.