Salal Credit Union

News & Updates

intro HELOC offer

HELOC Rate Offer: Get More Lift from Your Home Equity [Offer Expired]

During our introductory HELOC rate offer, you can get some extra lift out of your home equity dollars. Custom Fit Home Equity combines two traditional home equity products to give you financial flexibility to make smart financial moves—like consolidating your debt at a better rate and saving money.

$0 Application, Origination, Prepayment, or Annual Fees.

Apply now until May 15, 2022, and get a 1.99% intro APR through June 30, 2023, on a new Custom Fit Home Equity line of credit. Starting on July 1, 2023, your home equity line of credit will switch to a variable APR, currently between 4.24% and 6.49% based on the Wall Street Journal Prime Rate and your credit score.

Apply Now

New this year: Custom Fit is now available on rental properties and second homes.

Get Ahead of Your High-Interest 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 projects
  • New business ventures
  • Emergency funds
  • Down payment on a second house
  • Medical expenses


Start Using Your Home Equity Today [Offer Expired]

Apply by May 15, 2022, to take advantage of this introductory HELOC rate offer.

Get Started Online [Offer Expired]

Apply Now

Speak to a financial expert

Call 206.298.3494

(M–F: 9:30 a.m.–5:30 p.m. PT, Sat: 10 a.m.– 2 p.m. PT) or fill out the form below and have us contact you.

Visit a Branch

Find a Branch


1 APR=Annual Percentage Rate.
2 During introductory period: 1.99% introductory APR for when the line of credit is first funded through June 30, 2023. Introductory APR available for new Custom Fit accounts only. Applications must be received March 1, 2022 – May 15, 2022 to be eligible.
3 After introductory period – Starting July 1, 2023: 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 July 1, 2023 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 4/1/2022. Loan amount and HELOC combined loan-to-value (HCLTV) subject to occupancy status; Max. loan amount from $250,000 to $350,000 and HCLTV can range from 70%–80%. Max. LTV based on approved credit and property valuation. Homeowners insurance required. Residential real estate only. Subject property must be in CA, OR, or WA state and vested in borrower’s name. Should an appraisal be a loan requirement, applicants pay half of the fee (approx. $350–$450); all other application fees are covered by Salal. Credit Union membership is required. Interest may be tax-deductible. Consult a tax advisor regarding the deductibility of interest. Salal Credit Union NMLS #416045.