as low as
7.99%APR*
for the first 12 months1Connect with a Representative Get Started
HOME EQUITY LINE OF CREDIT
Your home has value; and with a Home Equity Line of Credit from Wheelhouse Credit Union, you can use that equity to pay for home renovations, a newly remodeled kitchen and other large purchases. With an Equity Visa® Card and Wheelhouse’s state–of–the–art digital banking, making purchases and transfers is easy.
- Use it for 10 years, with an additional 20 years to repay the loan2
- Fixed HELOC rate for the first 12 months; variable rate for the rest of the term
- Borrow up to 75% of the equity in your home3
- Only pay interest on the funds you use from your Wheelhouse Home Equity Line of Credit
Combined Loan-To-Value (CLTV) |
Loan Amount |
Rate |
Introductory APR* |
Points |
---|---|---|---|---|
Combined Loan-To-Value (CLTV) Up to 75% |
Loan Amount $25,000 to $100,000 |
Rate 7.99% |
Introductory APR* 7.99% |
Points 0.000 |
Combined Loan-To-Value (CLTV) Up to 65% |
Loan Amount $25,000 to $250,000 |
Rate 7.99% |
Introductory APR* 7.99% |
Points 0.000 |
Access HELOC via Online Transfers
Advance funds from your HELOC to your Checking or Savings Account within Digital Banking
Use Your Equity Visa Card
Make purchases online and in–store with your Visa Card
Protect Your Line of Credit
Add your Equity Visa Card to our Card Security App to protect yourself from fraud
More Wheelhouse Benefits
- Always offering competitive low rates
- Personalized service
- State-of-the-art Digital Banking and Mobile App
- 24/7 access to your funds
- Security and fraud prevention with our Card Security App
- Serving San Diegans since 1934
- The Credit Union of choice for conscientious San Diegans

Automatic Payments
Set up automatic payments to your HELOC through Digital Banking
Free e-Statements
Get your statements faster when you enroll in free eStatements through Digital Banking
Tax Deductions
Interest paid on your Home Equity Line of Credit may be tax deductible4. Consult your tax advisor.
Home Equity Calculators
619-297-4835
Disclosures
Disclosure
*APR = Annual Percentage Rate. Rates and terms effective 12/03/2023 and are subject to change without notice. Other terms and conditions may apply. All loans are subject to approval. Membership is required.
Second Home property types will require a 0.25% add-on to published rate. Investment property types will require a 0.50% add-on to published rate. $25,000 minimum loan amount.
1HELOC Introductory Rate. The initial APR is “discounted”. Rate will be in effect for a period of 12 months from the signing date of the Home Equity Line of Credit Agreement and Disclosure Statement. Second Home property types will require a 0.25% add-on to the HELOC Introductory Rate. Investment property types will require a 0.50% add-on to the HELOC Introductory Rate. Thereafter, the APR will be determined as set forth in the Home Equity Line of Credit Agreement and Disclosure Statement and the variable rate may adjust monthly based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin. All loans are subject to approval. The APR will not decrease below 3.99%. The APR cannot exceed 18.00%. The APR may vary based upon the collateral, amount financed and credit history.
2You may obtain advances for 10 years. This period is called the “draw period.” During the draw period your payments will be due monthly and will equal the periodic interest finance charges accrued on the outstanding balance during the billing period, plus any amount that is past due, plus any other finance charges imposed during the billing cycle. Your minimum monthly payment during the draw period may not reduce the principal that is outstanding on your line.
Minimum Payment Example. The information provided is based on an initial $10,000 advance at funding. The property is an existing single family home and used as a primary residence. The assumed credit score is 720 with an assumed CLTV of 75% or less and a credit limit of $100,000 or less.
During Draw Period
- 12 payments of $66.58 at an initial interest rate of 7.99%
- 108 payments of $79.16 at a variable interest rate of 9.50%
During Repayment Period
- 239 payments of $93.27 at a variable interest rate of 9.50%
- 1 payment of $89.25 at a variable interest rate of 9.50%
375% max CLTV for owner-occupied primary residence and a loan amount of up to $100,000. 65% max CLTV for owner-occupied primary residence and a loan amount of up to $250,000. Additional CLTV restrictions may apply for non-owner occupied primary residences, vacation/2nd homes & investment/rental properties. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply.
4The interest on your home equity financing may be tax deductible. Consult your tax adviser regarding deductibility of interest.