Rates > HOME LOANS > Owner-Occupant HELOC
Hawaii Central Rate Summary
OWNER-OCCUPANT (HELOC)
Our Home Equity Line of Credit allows you to borrow against your home’s accumulated equity without disturbing your savings or other investments. These funds can be used for home improvements, to help pay for college tuition, or that long needed vacation. This revolving line-of-credit is a convenient way to borrow and make the most out of your home’s equity!
Rate Effective as of March 1, 2023
Up to 5 year Introductory rate
VARIABLE RATE (AS LOW AS)
Draw Period
YEAR
TERM
YEAR
*APR: Annual Percentage Rate. CLTV: Combined Loan-To-Value. Rates subject to change. Rates listed above are available for Owner-Occupied, Single Family properties with a CLTV 70% and below. The introductory rate of 4.25% is for the initial sixty months from the time the home equity line is opened. Thereafter, the rates are adjusted quarterly to the prime rate as published in the Money Rates column of the Wall Street Journal plus a 1% margin. This plan is subject to a floor rate of 8.75% and 18% ceiling rate with a 15 year draw and 30 year amortization period. We charge no points and we will waive closing costs for certain third party fees such as flood determination and title insurance up to $125. You may be required to pay other closing costs for appraisal fees, escrow, title insurance above $125, trust review, or other legal documentation, if applicable. Loans paid off and closed within two years from the loan recordation date will require reimbursement of all waived closing costs paid by Hawaii Central. The minimum credit line is $10,000. The maximum loan amount for 70% or below CLTV is $350,000 for single-family homes, and $250,000 for condos and townhouses. Other requirements and restrictions apply. Please call for more information. Federally insured by NCUA. NMLS #412820.
Up to 5 year Introductory rate
VARIABLE RATE (AS LOW AS)
Draw Period
YEAR
TERM
YEAR
*APR: Annual Percentage Rate. CLTV: Combined Loan-To-Value. Rates subject to change. Rates listed above are available for Owner-Occupied, Single Family properties with a CLTV greater than 70% up to 80%. The introductory rate of 4.25% is for the initial sixty months from the time the home equity line is opened. Thereafter, the rates are adjusted quarterly to the prime rate as published in the Money Rates column of the Wall Street Journal plus a 1% margin. This plan is subject to a floor rate of 8.75% and 18% ceiling rate with a 15 year draw and 30 year amortization period. We charge no points and we will waive closing costs for certain third party fees such as flood determination and title insurance up to $125. You may be required to pay other closing costs for appraisal fees, escrow, title insurance above $125, trust review, or other legal documentation, if applicable. Loans paid off and closed within two years from the loan recordation date will require reimbursement of all waived closing costs paid by Hawaii Central. The minimum credit line is $10,000. The maximum loan amount for CLTV greater than 70% up to 80% is $300,000 for single-family homes, and $250,000 for condos and townhouses. Other requirements and restrictions apply. Please call for more information. Federally insured by NCUA. NMLS #412820.
2 year Introductory rate
VARIABLE RATE (AS LOW AS)
Draw Period
YEAR
TERM
YEAR
*APR: Annual Percentage Rate. CLTV: Combined Loan-To-Value. Rates subject to change. Rates listed above are available for Owner-Occupied, Single Family properties with a CLTV greater than 80% up to 85%. The introductory rate of 4.99% is for the initial twenty four months from the time the home equity line is opened. Thereafter, the rates are adjusted quarterly to the prime rate as published in the Money Rates column of the Wall Street Journal plus a 2% margin. This plan is subject to a floor rate of 9.75% and 18% ceiling rate with a 15 year draw and 30 year amortization period. We charge no points and we will waive closing costs for certain third party fees such as flood determination and title insurance up to $125. You may be required to pay other closing costs for appraisal fees, escrow, title insurance above $125, trust review, or other legal documentation, if applicable. Loans paid off and closed within two years from the loan recordation date will require reimbursement of all waived closing costs paid by Hawaii Central. The minimum credit line is $10,000. The maximum loan amount for CLTV greater than 80% up to 85% is $100,000 for single-family homes. Only residential property on Oahu is accepted as collateral. Other requirements and restrictions apply. Please call for more information. Federally insured by NCUA. NMLS #412820.
5 year Introductory rate
VARIABLE RATE (AS LOW AS)
Draw Period
YEAR
TERM
YEAR
*APR: Annual Percentage Rate. CLTV: Combined Loan-To-Value. Rates subject to change. Rates listed above are available for Owner-Occupied, Single Family properties with a CLTV greater than 80% up to 85%. The introductory rate of 5.25% is for the initial sixty months from the time the home equity line is opened. Thereafter, the rates are adjusted quarterly to the prime rate as published in the Money Rates column of the Wall Street Journal plus a 2% margin. This plan is subject to a floor rate of 9.75% and 18% ceiling rate with a 15 year draw and 30 year amortization period. We charge no points and we will waive closing costs for certain third party fees such as flood determination and title insurance up to $125. You may be required to pay other closing costs for appraisal fees, escrow, title insurance above $125, trust review, or other legal documentation, if applicable. Loans paid off and closed within two years from the loan recordation date will require reimbursement of all waived closing costs paid by Hawaii Central. The minimum credit line is $10,000. The maximum loan amount for CLTV greater than 80% up to 85% is $100,000 for single-family homes. Only residential property on Oahu is accepted as collateral. Other requirements and restrictions apply. Please call for more information. Federally insured by NCUA. NMLS #412820.