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Salal Credit Union

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Graphic for Custom Fit Home Equity promo: lock in our best HELOC rate

Lock in Our Best HELOC Rate

Give your budget a boost with Custom Fit Home Equity. Custom Fit can help you gain the financial flexibility to do smart things—like consolidating your debt at a better rate and saving money. And right now, you can lock in our best HELOC rate we offer.

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

Apply now through April 30 and get 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.

If you need to pay an appraisal fee, we’ll pay half of it. The member portion of the fee is currently between $390 and $450.

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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
  • Emergency funds
  • Pay for college tuition and educational expenses
  • Home improvement projects
  • New business ventures
  • Down payment on a second house
  • Medical expenses

It’s good to keep in mind that the 1.99% introductory APR only applies to your line of credit. You can still choose to lock in a fixed-rate segment at any time, but your rate will then change to the then-current APR for fixed-rate segments. Feel free to reach out to us if you’d like more info on how the introductory rate works.

Learn more about Custom Fit Home Equity.

Start Using Your Home Equity Today

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Call 206.298.3494 or fill out the form below and have us contact you.

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*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.