Salal Credit Union

Custom Fit Home Equity

Custom Fit 2017 HELOC promotion graphic

A variable line of credit with fixed-rate segments in one flexible package.


Custom Fit Home Equity really is one of a kind.

With home equity products, you usually have to choose between a variable line of credit or a fixed-rate loan. Our Custom Fit Home Equity is different. It gives you the option to lock in up to 5 different fixed-rate portions within your variable rate line of credit, at any time.

When an expense arises, you choose how you want to receive your money. Simply draw the money you need from your line of credit, or have us set up a fixed-rate segment for you at no cost. You can have multiple fixed-rate segments active at the same time to help you pay for things like:

  • College tuition
  • Car purchases
  • Debt consolidation
  • Home improvement projects
  • Travel
  • Emergencies

There’s no need to apply for a new loan when something comes up. With Custom Fit Home Equity, you’re already approved!

Couple enjoying coffee on their porch

Easy payments and anytime access to your funds

No matter the number of fixed-rate segments you have at any given time, Salal will provide you with one monthly payment amount. You also have the option to make interest-only payments to your line of credit during the draw period.

You can access your variable-rate line of credit when you need it using a Salal Visa card and convenience checks, and manage your Custom Fit account through Online Banking.

Start your application today

With no fee to apply, no origination fee, no prepayment penalty, and no annual fee, there’s no excuse not to get started today. You can use 2,500 Salal Rewards points to decrease your Custom Fit Home Equity line rate by 0.25%1 or to decrease your Custom Fit Home Equity fixed-rate segment by 0.25%2. Apply in person at any branch, by calling 206.298.9394, or with our online application:



Custom Fit Home Equity

8.74%-10.99%**No minimum draw amount. Revolving line of credit with 10-year draw period
15-year amortization after end of draw period.
5.27%-9.27%***$5,000 minimum draw amount. 5, 10, and 15-yr terms available. Fully amortized principal and interest payments.

*APR=Annual Percentage Rate. Actual APR will be based on creditworthiness.

**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%.

***10-Yr Nominal Constant Maturity Treasury. EXAMPLE PAYMENT—Fixed-Rate Segment: $382.31 a month based on a 60-month term, $20,000 loan at 5.52% APR.

All loans subject to credit approval. Max. loan amount $100,000; HCLTV 60%. LTV based on approved credit and property valuation. Homeowner’s insurance required. Residential primary residence 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. Consult a tax advisor regarding the deductibility of interest. Salal Credit Union NMLS #416045.

Rates are current as of September 29th, 2023.

1Salal Rewards points must be redeemed at time of application for Custom Fit Home Equity Line of Credit.
2Salal Rewards points must be redeemed at time of request for a fixed-rate loan segment in Custom Fit Home Equity Line of Credit.