Home Equity

Home Equity loans at Chabot FCU have a variable rate of interest which may change twice a year.  This rate is determined by adding 2.0% to the average 6 month T-Bill rate.  The maximum annual percentage rate that may be imposed is 15%.  We can lend up to 80% of the appraised value minus the first mortgage encumbrance up to a maximum loan amount of $500,000.  The maximum term is 15 years.  There are NO FEES if the initial draw is $25,000 or more; otherwise, the processing fee is $300 to $500.  You may view the current interest rate on our rates page.

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