Home Equity Loans & Lines of Credit

Is it finally time to complete that renovation or home improvement project? Whatever goal you have in mind, Cal Coast offers flexible options for home equity and home equity lines of credit to make your dreams a reality.  

Get the Credit You Deserve

Don’t put it off any longer! Build that outdoor deck, remodel your kitchen, or fix that leaking roof. It’s easy with a low introductory rate on a line of credit1 or a fixed-rate² equity loan.

Today's Rates

Home Equity Line of Credit (HELOC)

Adjustable Rate, Revolving Credit Line

Term Rate APR Points
Adjustable Rate Line of Credit¹ 7.750% 7.750% 0.000%

Home Equity Loans

Fixed-Rate, Lump Sum Loan

10-Year Fixed² 7.000% 7.000% 0.000%
15-Year Fixed³ 7.500% 7.500% 0.000%
20-Year Fixed⁴ 7.875% 7.875% 0.000%

What are Home Equity Loans & Lines of Credit?

Both of the loans described below have specific advantages. If you're not sure which is right for you, we suggest you reach out to one of our Mortgage Loan Officers who are happy to provide guidance for your unique situation.

Home Equity Loans (also known as 2nd mortgages or Cash-Out Refinances), allow homeowners to borrow funds using their home equity as collateral. These are one-time, fixed-rate loans where the borrower receives the full loan amount upfront as a lump sum. Borrowers can qualify for a home equity loan even if there is an existing mortgage on the property.

Home Equity Lines of Credit (HELOC) are similar to Home Equity Loans, but instead of a lump sum the funds are accessed, with a credit card or checking account, through a revolving line of credit. Another difference to keep in mind is that the interest rate for a HELOC is adjustable. Typically, HELOCs have a draw period, during which you can withdraw money, and a repayment period, during which you must payback the balance. At Cal Coast our HELOCs have a 10-year draw period, with interest-only payments, and a 15-year repayment period.1

When should you consider a HELOC?

A HELOC can be a great option if:

  • You don't need the entire loan amount upfront
  • You need to access funds directly with a credit card
  • You want the flexibility to draw money when you need it and pay interest only on the amount borrowed

When should you consider a Home Equity Loan?

A Home Equity Loan can be a great option if:

  • You need the full loan amount upfront
  • You value stability 
  • You prefer a fixed-rate and knowing that your payment will never change

Home Equity Options


Home Equity Loan

Tap into on your home's equity to pay for major expenses, with a lump sum loan.


Home Equity Line of Credit

Access your home’s equity in a revolving credit line that can be used over and over again.

Comparing Equity Options

Home Equity Line of Credit Home Equity Loan
TERM Revolving Credit Line1 10², 15³, or 20-year⁴
RATE Adjustable Fixed
Maximum Loan Amount Up to $250,000 Up to $250,000
Lender Closing Costs $0 out of pocket options $0 out of pocket options

APR = Annual Percentage Rate. Rates and terms effective as of 12/23/2023 based on credit history, subject to approval, and subject to change without notice. Some restrictions apply. Membership and credit subject to approval. Serving everyone who lives or works in San Diego or Riverside counties. A one-time $5 membership fee and savings account required. Restrictions apply.

  1. Home Equity Line of Credit
  2. 10 Year Fixed Equity 80 Loan
  3. 15 Year Fixed Home Equity 80 Loan
  4. 20 Year Fixed Home Equity 80 Loan

Contact Us

Have questions? Want more information? We’re more than happy to get in touch. Let’s Talk. Just complete the form.