California Home Equity Line of Credit (HELOC)
Whether you're renovating in Santa Rosa, remodeling in El Segundo, paying bills or taking a dream vacation, you can use your home's equity to finance what's next. A WaFd HELOC has no annual fee and is often more affordable than using credit cards or other loans. Our HELOCs are available for primary, second home, and investment properties, including jumbo HELOCs up to $700,000. To get started, apply online anytime, where you can securely upload your documents and receive status updates in our secure portal.
Start Your HELOC Application
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California 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**
* Closing costs for our existing WaFd home loan clients are paid only for primary or second/vacation homes, not on investment properties.
** During the draw period, the borrower is only required to pay interest on those funds that they actually drew out and used.
Frequently Asked Questions
![Couple looking at laptop during home renovation project.]()
How to Use a HELOC for Home Improvement
With housing shortages and skyrocketing home prices in many parts of the country, many have opted to make home improvements rather than buying a new home.
![College student studying with laptop and writing in notebook on campus.]()
Use a Home Equity Line of Credit to Pay Off Student Loans
Qualifying for a HELOC may give you some peace of mind while you tackle any financial obstacle that comes your way.
![Couple Sitting On Floor With Paint Chart Ready To Decorate New Home.]()
How to Qualify for a Home Equity Line of Credit
Qualifying for a HELOC may give you some peace of mind while you tackle any financial obstacle that comes your way.
Want More Help? Come See Us.
If you're a first time home buyer and have done all your research but want help, just stop by. We're nearby, and we'll sit down with you and answer any questions you may have.