






Arizona Home Equity Line of Credit (HELOC)
Whether you're renovating in Phoenix, remodeling in Mesa, paying bills or taking a dream vacation, you can use your home's equity to finance what's next.
A no annual fee HELOC from WaFd Bank is often more affordable than using credit cards or other loans. You'll also receive a discount on your interest rate when you make automatic payments from your WaFd checking account. And we'll even pay closing costs for our existing WaFd home loan clients on lines of credit up to $250,000.
HELOCs are available for primary, second home and investment properties, including jumbo HELOCs up to $700,000. Apply online, where you can securely upload your documents and receive status updates in our secure portal. Get started with a versatile HELOC today.
Arizona Home Equity Loan (HELOC) 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.
Use a HELOC for Home Improvements
Some Benefits to a Home Equity Line of Credit


Your local Arizona loan officer can help you get started
Frequently Asked Questions
WaFd Bank Home Lending Articles
How to Use a HELOC for Home Improvement
How Your Home Could Help Pay For a Spring Remodel
How to Qualify for a Home Equity Line of Credit
* To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.