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Credit Union West
Routing Number: 322172153
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Top Four Reasons to Get a Home Equity Loan

Using Your Home's Equity When it Makes Sense


While it’s always important to carefully consider taking on a loan, sometimes a Home Equity Loan is the best way to finance a large purchase or project. This is especially true if the funds are used to add value to your home or achieve your dreams.

A Home Equity Loan lets you borrow a lump sum, secured by the equity in your home. At Credit Union West, if you don't have enough equity in your home to fund your project or purchase, it's not a problem. You can borrow up to 133% of your home's value.1

What do people use a Home Equity Loan for? Here are the top four reasons to get a Home Equity Loan:

  1. DREAM PROJECT: Home improvement, landscaping, solar panel installation or new pool

    Whether you're planning a full home renovation or simply adding a pool, a Home Equity Loan can help you finance your dream project and add value to your home.

  2. MOMENTUS LIFE EVENT: Funding a wedding, adoption costs or college expenses

    From popping the engagement question to adding a new bundle of joy to your family, life has some momentous occasions. A Home Equity Loan can help with these large, once-in-a-lifetime costs, with a low fixed-rate and affordable monthly payment.
  3. MEDICAL AND HEALTH COSTS: Medical bills, dental costs, fertility treatments, and emergency expenses

    Some medical costs are unavoidable and it's always a good idea to have a safety net. A Home Equity Loan can help cover your out-of-pocket costs, big and small, from an unexpected illness.

  4. FINANCIAL WELL-BEING:  Debt consolidation or business expenses

    If you have high-interest debt or you're considering a high-interest business loan, you could save over the long run by consolidating or using your Home Equity Loan for your business expenses.


use your home to improve itself and More

With a Home Equity Loan or HELOC

Options APR2 Terms4 Amounts Apply
Home Equity Loan 7.75 % - 14.00%  Up to 300 months Based on Equity, up to 133% CLTV1
Home Equity Line of Credit 8.75% - 15.25% Revolving Based on Equity, up to 100% CLTV1, 3

1CLTV= Combined Loan-to-value

2Annual Percentage Rate.  Actual APR based upon many factors evaluated at the time of application, which may include, among other factors, borrower’s credit history, loan terms, and any applicable administrative/processing fees.  All loans are subject to credit review and approval.
3Variable interest rates calculated by index (prime rate as published in Wall Street Journal) + margin with a floor of 4.25% APR and a ceiling of 18.00% APR.  Rates are based on loan-to-value (LTV), credit qualifications, and performance.  HELOC insured/owner occupied product has a 10 year draw period with a 15 year repayment period.  HELOC uninsured/non-owner occupied product has a 20 year draw period with a balloon payment.  Rate is variable and may change monthly.
4Term based on amount financed.  Other restrictions may apply.

Tax deductibility:  Please consult a tax advisor regarding the deductibility of interest for home improvements.



When you purchased your home, you probably had a dream of making it your own. Maybe those dreams...


Credit Union West has partnered with Glendale Community College to sponsor the 2021 Innovation Challenge.


Adding a pool is not only investing in your home, it's investing in your family’s time together.