|  Custom Fit Home Equity

Variable APR³ starting in 2022, currently 3.99% to 6.24%.

*Available in WA only.

Turn your home equity into financial flexibility—to do smart things like consolidating your debt at a better rate and saving money. Apply now until April 30 and get a 1.99% introductory APR through December 31, 2021, on a new Custom Fit Home Equity line of credit. 


Starting on January 1, 2022, your home equity line of credit will switch to a variable APR that is currently between 3.99% and 6.24%  and is based on the Wall Street Journal Prime Rate and your credit score. 

$0

origination

application

prepayment

annual fees

A Smarter Way to Pay Down Your Debt.

Custom Fit Home Equity features a variable rate HELOC that gives you quick access to funds when you need them, along with the freedom to lock in a great rate on up to five fixed-rate loan segments at any time.

Consolidate high-
interest debt

Pay for college tuition and educational expenses

Home improvement and remodeling projects

New business
ventures

Emergency funds

Down payment on a second house

Medical expenses

Learn more about this uniquely flexible way to make your home equity work for you.

Start Using Your Home Equity Today.

Get started

online

Speak to a

financial expert

Schedule a
branch appointment

Call 206.298.3494 (M-F, 9:30 a.m. – 5:30 p.m. PT) or have us contact you.


Branch visits by appointment only due to COVID-19.

*Available in WA only.
1 APR=Annual Percentage Rate.

2 During introductory period: 1.99% introductory APR for when the line of credit is first funded through December 31, 2021. Introductory APR available for new Custom Fit accounts only. Applications must be received February 16, 2021 - April 30, 2021 to be eligible.

3 After introductory period – Starting January 1, 2022: Index=Wall Street Journal Prime Rate. The APR is variable and may change during the term of the loan. The minimum APR is 3.24% and the maximum APR is 18.00%. Actual APR will be based on creditworthiness, loan-to-value (LTV), and the owner occupancy status of the subject property. After the introductory APR ends, on January 1, 2022 the line of credit APR will decrease by 0.25% if 2,500 Salal Rewards points are redeemed at the time of application for the Custom Fit Home Equity Line of Credit. Subject to credit approval; not all will qualify. Rates effective as of 2/16/2021. Maximum loan amount: $350,000 for primary residence up to 70% HELOC combined-loan-to-value (HCLTV); $300,000 maximum for primary residence at 70.01-80% HCLTV. Maximum LTV available based on approved credit and valuation of the property. Homeowners insurance required. Residential real estate only. Subject property must be located in Washington state and vested in borrower’s name. To open the account, members pay half of the appraisal fee (member portion approximately $390 to $450); all other fees are covered by Salal Credit Union. Interest may be tax-deductible. Consult a tax advisor regarding the deductibility of interest. Salal Credit Union NMLS #416045.

Equal Housing Opportunity