Skip to main content

barsMenu

times
map-marker-altLocations | ATMs
times
Mother and young son laughing and playing while painting a room.
Mother and young son laughing and playing while painting a room.
Mother and young son laughing and playing while painting a room.
Mother and young son laughing and playing while painting a room.
Mother and young son laughing and playing while painting a room.
Mother and young son laughing and playing while painting a room.
Mother and young son laughing and playing while painting a room.
When Life Happens, Get a Home Equity Loan
Use Loan Calculatorarrow-down

What is a Home Equity Loan (HELOAN)?

A HELOAN is a way to use your home equity as collateral, but instead of getting a line of credit, you'll receive one lump sum that's repaid over time with a fixed interest rate. It's similar to a home equity line of credit (HELOC), but with a HELOC, you have a line of credit you can draw from and pay back, usually with a variable interest rate.

Not sure if a HELOC or a HELOAN is right for you? Find out the difference between a HELOC and a HELOAN to help you decide.

info-circle
Already started your application? Return to HELOAN applicationarrow-right

HELOAN Calculator

$
$
$
%

Rates as low as

10.041

%

APR

10.041

%

APR

Estimated Monthly Payment

$NaN

  • Fixed interest rate and APR (Annual Percentage Rate) are set subject to credit approval of your credit history, loan to value and occupancy.
  • Monthly interest only payments do not include property taxes and insurance.
  • Consult your tax advisor.
  • HELOANs available for owner occupied homes, second homes & investment properties.
  • For 2nd lien position only.
  • Closing costs are paid only for primary homes, not for second, vacation, or investment properties.*
  • Fees Range: $354 - $7,579. Your HELOAN fees are included in the disclosure provided at loan application and again at closing.
  • Home Equity Loan Calculator payments display monthly principal and interest payments assuming the original loan balance displayed in the Loan Amount Line.
  • HELOANs feature terms of 5, 10, 15 and 20 years.
  • Property insurance is required.
  • Loans are subject to credit approval. Restrictions and limitations may apply.
  • This calculator is for educational purposes only and may not represent WaFd Bank's lending program requirements.
  • Fees for our HELOAN vary depending on the loan amount and property location.
  • Payments quoted do not include taxes & insurance, so actual payments may be higher.

Benefits of a WaFd Home Equity Loan

  • We pay closing costs for our existing WaFd home loan clients on HELOAN up to $250,000.*
  • Your loan stays with us and will never be sold, so you always know who to go to if you've got questions.
  • No annual renewal fees.
* Closing costs are paid only for primary homes, not for second, vacation, or investment properties.

Frequently Asked Questions

info-circleStill can't find what you are looking for? Contact your local branch or call us 24/7 at 800-324-9375.