






Whatever life brings, a HELOC is ready when it matters.
What is a HELOC?
A home equity line of credit, or a HELOC, is a revolving line of credit. It's secured by the equity you've built in your home and can be used as needed—it's a lot like a credit card, you only pay interest on what you draw from your HELOC. In most cases, a HELOC is far less expensive than a credit card and can be a more affordable way to borrow.
Benefits of a WaFd Home Equity Line of Credit
- We pay closing costs for our existing WaFd home loan clients on lines of credit up to $250,000.*
- Discount of 0.25% on your interest rate when you make automatic payments from your WaFd checking account.
- We don't sell, assign, or transfer your loan. We don't sell it to Wall Street or Fannie Mae.
- No annual renewal fees.
- Only pay interest on the amount borrowed.**
* Closing costs are paid only for primary homes, not for second, vacation, or investment properties.
** During the draw period, the borrower is only required to pay interest on those funds that they actually drew out and used.
What you can do with a Home Equity Line of Credit
Home Loan Calculator
- NO ANNUAL FEE
- Discount of 0.250% off your interest rate for automatic monthly payment from your WaFd Checking Account
- Interest rate and APR (Annual Percentage Rate) are variable based on the Wall Street Journal Prime Rate plus a margin subject to credit approval of your credit history, loan to value, occupancy and EZ Pay requirements.
- Monthly interest only payments do not include property taxes and insurance.
- HELOCs available for owner occupied homes, second homes & investment properties.
- Closing costs are paid only for primary homes, not for second, vacation, or investment properties.*
- Fees Range: $354 - $7,579. Your HELOC fees are included in the disclosure provided at loan application and again at closing.
- Home Equity Loan Calculator payments display monthly interest only payments assuming the outstanding balance displayed in the Equity Credit Line
- HELOCs feature a 25 year term as follows:
- 10 year draw period to borrow on your line of credit whenever you need it
- Any outstanding loan balance after 10 year draw period will be amortized (principal and interest payments) over 15 years
- Consult your tax advisor.
- The rate will never exceed 17.99% APR.
- Property Insurance is required.
- Investment properties require WaFd to be in first lien position.
- 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 HELOC vary depending on the HELOC loan amount and property location.
- NO ANNUAL FEE
- Discount of 0.250% off your interest rate for automatic monthly payment from your WaFd Checking Account
- Interest rate and APR (Annual Percentage Rate) are variable based on the Wall Street Journal Prime Rate plus a margin subject to credit approval of your credit history, loan to value, occupancy and EZ Pay requirements.
- Monthly interest only payments do not include property taxes and insurance.
- Consult your tax advisor.
- The rate will never exceed 17.99% APR.
- HELOCs available for owner occupied homes, second homes & investment properties.
- Closing costs are paid only for primary homes, not for second, vacation, or investment properties.*
- Fees Range: $354 - $7,579. Your HELOC fees are included in the disclosure provided at loan application and again at closing.
- Home Equity Loan Calculator payments display monthly interest only payments assuming the outstanding balance displayed in the Equity Credit Line
- HELOCs feature a 25 year term as follows:
- 10 year draw period to borrow on your line of credit whenever you need it
- Any outstanding loan balance after 10 year draw period will be amortized (principal and interest payments) over 15 years
- Property Insurance is required.
- Investment properties require WaFd to be in first lien position.
- 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 HELOC vary depending on the HELOC loan amount and property location.
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