Home Equity

OAL+ Owner Advantage Plus Loans

Home Equity Line of Credit Loans (HELOC)

This loan was custom designed for our members who like the tax advantages of a loan that is secured by their home and the convenience of a Line of Credit.

Since this loan is a Line of Credit, you may borrow, pay it off or down and then borrow again up to your credit limit without have to reapply each time. You may even access your HELOC through our Online Banking program and Audie, our 24/7 Phone Teller and have the funds transferred to your checking account.

Low Rates

Low Payments

Credit Limits up to $175,000**

Terms up to 15 years

10 Year draw period

85% Loan to Value Maximum

There is a one-time origination fee of $400. This is the ONLY cost to obtain and maintain this loan.

There are no annual fees, no prepayment penalties and no maintenance fees.

*The APR for the home equity line is based on the interest rate alone and does not reflect the application fee and other fees and charges associated with the loan. This is a variable rate loan secured by real estate. The Annual Percentage Rate for the Home Equity Line of Credit is based on the prime rate as reported in the Wall Street Journal plus one percent. The rate adjusts in July and January and can adjust no more than 2% each time. All loan commitments will be on approval of credit and based on the creditworthiness & abilities of the individual borrower. We are an equal housing lender. ** Credit limit of $175,000. for A and A+ credit

Owner Advantage + Loans (OAL+)

For members who have some equity in their home and are looking for more funds than are available on a regular OAL, we offer the OAL PLUS.

Available for up to $50,000 for a term of up to 84 months.
You may apply for up to 100% of the equity
(the difference between what you owe on your home and its current market value)
There is a one-time origination fee of $75 for an OAL+.
Think of the things you could purchase with $100,000 …and being able to deduct the interest makes this loan a much more attractive choice!

For more information about any of our great Home Equity Loans, call Marjie at 925-757-0237, Ext. 23, or e-mail Loanservices@asfcu.org.

Click on the link above for a quote on Homeowner's insurance.