Home Equity loans at Chabot FCU have a variable rate of interest which may change twice a year.  This rate is determined by adding 2.5% 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 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.