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Home Equity Line of Credit (HELOC)

Time for an upgrade

Does your home need a little lift? With a HELOC, you can make improvements flexibly and affordably.


Apply Now

What Is It?

Home Equity Line of Credit (HELOC) from Yolo Federal

You don’t need to be a yogi to get more flexibility. A HELOC (Home Equity Line of Credit) gives you access to cash as you need it, instead dumping a lump sum on you. That way, you can make home improvement purchases when you need to without overspending.

Your Home’s Equity Wants Out!

Unlock Your Home’s Potential with a Rate Discount of 1.70%* Today

From July 1 through December 31, 2024, you could receive a 1.70%* rate discount when you apply for a HELOC — making it easier to achieve your financial goals. Whether it’s home improvements, education, or unexpected expenses, our HELOC offers the flexibility you need.

To qualify, you must be a member of Yolo FCU. You are eligible for membership if you live, work, worship, or attend school in Yolo, Sacramento, Placer, or El Dorado counties.

Ready to Get Started?
Apply now and take advantage of this limited-time offer. Join Yolo FCU today and discover the difference.

Why Yolo Federal

Make Yolo your home improvement partner

  • FAST AND EASY ONLINE APPLICATION
  • CUSTOMIZED LOAN PACKAGES THAT FIT YOUR BUDGET
  • COMPETITIVE RATES

Rates & Fees

Owner-Occupied Home Equity Lines of Credit (HELOC)

Loan Index 8.00%
Margin (-0.50%) to (+1.00%)
Annual Percentage Rate* 5.80%¹ - 7.30%
(Fixed for the first 6 months)
Maximum Amount Financed $500,000
Purchase/Refinance Loan-to-Value up to 80%
Maximum Maturity 25 years
Annual Fee $50.00
(Waived for the first year)

Effective Date: November 1, 2024. The APR is accurate as of the effective date and reflects the 1.70% rate discount. The property must be located in Yolo, Sacramento, Placer, or El Dorado counties or within 50 miles of our corporate office. The property must be a Single Family-Owner Occupied Residence in an incorporated area and not listed for sale only. Rates subject to change at any time.

*The Annual Percentage Rate (A.P.R.) on all variable rate advances may be adjusted on the 1st day of each month. The A.P.R is based on the value of an index. The index is defined as the Prime Rate as of the first of each month. Rate will be fixed for the first 6 months. Information about this index is regularly published in the Money Rates table of the Wall Street Journal. When a range of rates is published, the highest rate will be selected. To determine the A.P.R that will apply to your line of credit, we add a margin to the value of the index. If this index or the source ceases to exist, the Credit Union will use a similar or substitute index. Some restrictions apply. Rates shown may not apply to every borrower, and the higher rates may be charged to other borrowers depending on their credit qualifications. A member's creditworthiness will determine the maximum amount financed, and the category of rate for which the member qualifies. A member's creditworthiness will be based, for example, on factors such as debt to income ratios, credit history, employment, etc.

¹The A.P.R. will not exceed the rate permitted under the Federal Credit Union Act (18.00%) nor will it be lower than a floor of 4.00%.

All 3rd party fees are waived. If line-of-credit is paid off and closed within 24 months, all 3rd party fees must be repaid to Yolo FCU. Property Insurance is required and flood insurance will be required if property is located in a flood zone. No rate is guaranteed. Rates, terms and other conditions are subject to change without notice. Certain restrictions may apply. The above rates are for informational purposes only.

Non-Owner Occupied Home Equity Lines of Credit (HELOC)

Loan Index 8.00%
Margin (+2.00%) to (+3.00%)
Annual Percentage Rate* 10.00%¹ - 11.00%
(Fixed for the first 6 months)
Maximum Amount Financed $500,000
Purchase/Refinance Loan-to-Value Up to 70%
Maximum Maturity 25 years
Annual Fee $50.00
(Waived for the first year)

Effective Date: November 1, 2024. Rates subject to change at any time. The APR is accurate as of the effective date. The property must be located in Yolo, Sacramento, Placer, or El Dorado counties or within 50 miles of our corporate office. Property must be a Single Family Non-Owner Occupied Residence in an incorporated area and not listed for sale only.

*The Annual Percentage Rate (A.P.R.) on all variable rate advances may be adjusted on the 1st day of each month. The A.P.R is based on the value of an index. The index is defined as the Prime Rate as of the first of each month. Rate will be fixed for the first 6 months. Information about this index is regularly published in the Money Rates table of the Wall Street Journal. When a range of rates is published, the highest rate will be selected. To determine the A.P.R that will apply to your line of credit, we add a margin to the value of the index. If this index or the source ceases to exist, the Credit Union will use a similar or substitute index. Some restrictions apply. Rates shown may not apply to every borrower, and the higher rates may be charged to other borrowers depending on their credit qualifications. A member's creditworthiness will determine the maximum amount financed, and the category of rate for which the member qualifies. A member's creditworthiness will be based, for example, on factors such as debt to income ratios, credit history, employment, etc.

¹The A.P.R. will not exceed the rate permitted under the Federal Credit Union Act (18.00%) nor will it be lower than a floor of 5.00%.

All 3rd party fees are waived at closing. If line-of-credit is paid off and closed within 24 months, all 3rd party fees must be repaid to Yolo FCU. Property Insurance is required and flood insurance will be required if property is located in a flood zone. No rate is guaranteed. Rates, terms and other conditions are subject to change without notice. Certain restrictions may apply. The above rates are for informational purposes only.

FAQs

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  • Disclosures

    **Yolo Federal Credit Union offers a 1.70% introductory rate discount (“Discount”) for new Home Equity Line of Credit (HELOC) from 7/1/24-12/31/24 (“Promotional Period”). The approved rate includes the Discount and is fixed for 6 months, after which the rate will adjust to the current variable rate. If rates change during the introductory period, the Discount for funded loans may not equal 1.70%. Applications must be submitted during the Promotional Period, and the HELOC must fund within 60 days after it ends. HELOC fees range from $1,000-$1,500. All third-party fees are waived. If the HELOC is closed prior to 24 months, fees must be repaid to Yolo FCU. The $50 annual fee is waived for the first year. The Discount offer is subject to termination at any time. To establish membership, deposit $1 in an S1 Savings account. Membership is available to anyone who lives, works, worships, or attends school in Yolo, Sacramento, El Dorado, or Placer County, or has an immediate family member who is a current member. Some restrictions may apply. Equal Housing Lender. NMLS #401954.

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To qualify for membership, you must live, work, worship, attend school in Yolo, Sacramento, Placer, or El Dorado counties.

To apply for a Home Loan, you must qualify for membership, and the property must be located in Yolo, Sacramento, Placer, or El Dorado counties or within 50 miles of our corporate office. 

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