If you’re looking into HELOCs in California, one of the top national lenders is always an option. That said, local banks and credit unions may offer faster valuations, smoother underwriting, and a more personal approach, often with competitive rates. Today, we highlight a few California-focused HELOC providers worth considering.
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What to know about HELOCs in California
Before getting a HELOC in California, consider these factors specific to the state.
- Home Equity Loan Disclosure Act: HELDA is a California law that protects homeowners. It states that lenders must disclose the key terms (interest rates, costs, fees, etc.) of the loan or HELOC when the borrower applies.
- Borrowing restrictions. All loans backed by a property, including first mortgage, home equity loans, and HELOCs, can only be up to 100% of the property’s market value.
- House prices tend to be high. California’s median home price is currently in the mid-$800,000s. This means homeowners could tap into larger equity, but lenders may require more detailed appraisals to confirm property value.
Why choose a local HELOC lender?
Many California homeowners choose local HELOC lenders because regional banks and credit unions often offer a more tailored borrowing experience than large national lenders.
- Better knowledge of the California housing market, which may mean quicker appraisals and approvals
- Potentially advantageous member-only terms (when working with a credit union)
- More flexibility
- A more personal approach
- An established, community-oriented presence that fosters trust
I generally encourage clients to shop both local and national lenders to find the best combination of rate, repayment terms, and available credit. That said, if a client has a complex income profile or prefers a more personalized, relationship-based approach, I often recommend working with a local lender.
The best national HELOC lenders for California
Still, when shopping around for a HELOC, top-rated nationwide lenders are also worth considering. They’re well-known, broadly available, and widely reviewed. They often advertise competitive terms and attractive offers. Here are our top recommendations for California homeowners.
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- Wescom Financial, Home Equity Line of Credit (HELOC)
- Golden 1 Credit Union, Home Equity Product
- SchoolsFirst FCU, Home Equity Lines of Credit
- Heritage Community Credit Union, Home Equity Line of Credit (HELOC)
- Exchange Bank, Home Equity Line of Credit Rates and Fees
- Tri Counties Bank, Home Equity Line of Credit
- Sierra Central, Home Equity Line of Credit (HELOC)
About our contributors
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Written by Anna TwittoAnna Twitto is a money management writer passionate about financial freedom and security. Anna loves sharing tips and strategies for smart personal finance choices, saving money, and getting and staying out of debt.
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Edited by Kristen Barrett, MATKristen Barrett is a managing editor at LendEDU. She lives in Cincinnati, Ohio, with her wife and their three senior rescue dogs. She has edited and written personal finance content since 2015.
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Reviewed by Erin Kinkade, CFP®Erin Kinkade, CFP®, ChFC®, works as a financial planner at AAFMAA Wealth Management & Trust. Erin prepares comprehensive financial plans for military veterans and their families.