Home equity line of credit

Use the equity in your home to finance a remodel, vacation, college costs or other big purchase with lines of credit from $5,000 to $50,000 and flexible payment options. 

account details

  • Line of credit of $5,000 to $500,000
  • 10-year draw period followed by 20-year repayment period
  • $75 annual fee
  • Collateral of primary residences, Condominiums, manufactured homes and vacation homes 
  • Advance funds through Visa® point-of-sale access card, checks, in-store advance, transfer via online banking and telephone transfer
  • We pay standard closing costs on loans less than $500,000 (appraisals requested by homeowners not included)
  • Variable interest rate with optional Lock-in feature
  • No origination fee
  • Lock in term: 1 to 15 years based on lock-in amount

rate details

for zip code
Product rates
LTV Amount Variable interest APR
Up to 80% $5,000 - $250,000 WSJ Prime + 0.49% to 4.24% 3.74% - 7.49%
Up to 70% $5,000 - $500,000 WSJ Prime + 0.49% to 4.24% 3.74% - 7.49% 
Questions? Call us at 1-866-790-2121.

Disclosures

Interest Rate

Rates shown are effective as of 4/19/2014 and are subject to change without notice. Advertised Annual Percentage Rates (APRs) include a 0.50% automatic payment discount from an Umpqua Bank account. The disclosed APRs are variable and  based on the Wall Street Journal Prime Rate (the "Index") plus a margin (spread). The margin is based on the approved loan amount and our evaluation of your credit history. Maximum APR: 18%

Credit approval

All accounts subject to credit approval. 

Insurance requirement

Property insurance required; flood insurance is also required if the property is in a special flood hazard area.

smartLock feature

You can convert or "lock in" all or a portion of your outstanding balance to a fixed rate with a fixed minimum monthly loan payment that will pay off the locked in balance by the end of the loan term.   As you pay down your "locked in" principal balance, your available balance is replenished for additional use at the variable interest rate. You can have as many as 3 individual "Lock Ins" on your line at any time and you still have one minimum monthly payment. Each "lock in" is subject to a fee of $50.00. Each time you "lock in", your minimum monthly payment will be adjusted to include principal and interest in an amount sufficient to pay back that new locked loan balance at the new locked rate.  At no time will the minimum monthly payment amount be below $100.00. 

Amount that you may lock in

$5,000 up to available credit line limit

Late payment fee

CA: Greater of $5 or 5% of any minimum payment not paid within 10 days after due date.  NV, ID, OR & WA: 5% of any minimum payment not paid within 15 days after due date.

Minimum monthly payment

Interest only monthly payments for 10-year draw period followed by fully amortized principal and interest payments for the 20-year repayment period; payment amount will vary as rates change. There is a $100 minimum monthly payment requirement during the repayment period. Lock-in requests have a fixed monthly payment amount of principal and interest, fully amortized for the term of each lock-in portion.

open account

Call us at 1-866-790-2121

stores

near zip code