Home Equity Line of Credit

Home Equity Solutions

Home equity lines of credit and home equity loans

(760) 507-2972

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3.49% APR¹

Promo rate for six billing cycles, guaranteed

5.74% APR¹

Current variable rate thereafter

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Home equity lines of credit allow you to borrow at an as-needed basis for occasional expenses, such as tuition payments or emergency money in a pinch. And with multiple draw options—with a check, online, over the phone, or at a branch—they offer convenience as well as peace of mind.

Home equity loans are single-use only--offering a lump sum that's repaid at a fixed monthly rate. They're an ideal way to help consolidate debt or make home improvements.

(760) 507-2972

Monday-Friday 5 a.m to 4 p.m PT

Find a branch near you

Make Home Improvements

Renovating and repairing your home is more than just about comfort and functionality--it adds value to your investment.

Consolidate Debt

Help pay down high-interest debt (like credit cards) at a more reasonable rate.

Make Tuition Payments

Easily manage your tuition payments as you're investing in your future.

Make Purchases

Finance significant purchases at a rate that's lower than your credit card.

¹Desert Community Bank home equity line of credit (HELOC) annual percentage rate (APR) is variable and is based on prime rate published in the Wall Street Journal as of January 14 2019, plus a margin for line amounts of $10,000 - $1,000,000 Effective January 14, 2019, the 3.49% APR Promotional rate is available for 6 billing cycles after which the APR will range from 5.74% APR - 21.00% APR. All stated APR ranges apply to lines secured by residential property only. 1-4 unit owner occupied, modular homes, and owner occupied secondary homes. APR following the 6 month Promo APR reflects a 1.00% interest rate discount available for HELOCs with 1) an initial draw of at least $25,000 at closing and 2) monthly auto payment established and elected at the time of application to be paid from a borrower’s Flagstar Bank Deposit Account. Promotional rate not available for purchase transactions. Discounts are not available during the promotional period but will apply at the maturity of the Promotional Rate. Your APR may be higher and will be based on the variable rate index value in effect at the time of account opening, your credit qualifications, amount of the line of credit, loan-to-value ratio, and type of property. The annual fee is $75 per year. The Line must remain open for at least 36 months to avoid payment of closing fees, including, but not limited to title, appraisal, notary and recording fees. Loan amounts greater than $500,000 require borrower-paid Lender's Title Insurance. Borrower is responsible for paying required government taxes and fees at closing. During the 10 year draw period, your minimum payment will equal the greater of $100 or the periodic finance charges, and other fees, charges, and costs. During the 20-year Repayment Period, if any, your minimum payment for each Billing Cycle will equal the greater of $100 or the amount sufficient to repay the Account Balance in full by the Maturity Date in substantially equal payments plus the Finance Charges that accrued for that Billing Cycle and other fees, charges, and costs. Borrower is responsible for separate payments of taxes and insurance. Subject to credit approval and underwriting terms and conditions. Rates and programs subject to change without notice and the APR will not exceed 21%. Offer not valid in TX. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. You must have verifiable income. Offer may be withdrawn without notice. Rates apply to new HELOC accounts and may not apply to existing HELOC accounts. Please consult your tax advisor regarding the deductibility of interest. Some restrictions may apply.

CONSIDERATIONS: Fees and charges may vary by product and state. Consolidating or refinancing debt may increase the time and/or the finance charges/total loan amount required to repay the debt. Important information will be provided to you in the disclosures you receive after we have received your application and the loan documents you are provided at loan closing.