Father and young son hugging in the kitchen.

Whatever Life Brings, a HELOC Is Ready When It Matters

Home Equity Loans

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.

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HELOC Disclosure

What you should know about home equity lines of credit

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Put Your Home's Equity to Work with 1% Off Your Rate on a HELOC for the first 6 Months

Renovate your home sweet home
Pay off high interest bills
Invest in education
And just about anything else!

HELOC Disclosure

What you should know about home equity lines of credit

An introductory rate discount of 1% will be applied to the APR for the first six months at a fixed rate (payments are variable after that).

To be eligible: Open or maintain a WaFd Bank personal checking account with direct deposit and get set up with WaFd's EZ Pay payment option from your WaFd personal checking account.

HELOC Calculator

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
Available for owner occupied, second homes, and investment properties
No annual renewal fees
Only pay interest on the amount borrowed**