Washington Federal HELOC
Washington Federal HELOC
in Home Equity Lines of Credit from Washington Federal · NMLS ID #410394

Washington Federal HELOC

in Home Equity Lines of Credit from Washington Federal · NMLS ID #410394
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Loan Amount Up to $700,000
APR  (Variable APR) 3.25% - 18%
Maximum LTV 80%

Washington Federal HELOC Review

Washington Federal HELOC is offered by Washington Federal (NMLS #410394), a bank founded in 1917 and based in Seattle, WA. Washington Federal HELOC is available in 8 states across the USA.

Washington Federal HELOC FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit that are secured by your home. Once you get approved for a certain amount, you can access your funds by check, phone, credit card, or online up to your HELOC amount.

Washington Federal HELOC allows borrowers to apply for lines of credit of up to $700,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

This lender's maximum loan to value rate is 80% for qualified borrowers. That means the total debt secured by the property cannot exceed 80% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have excellent credit, you may qualify for a line of credit of up to $60k.

What are the terms for a Washington Federal HELOC?

HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan. 

Washington Federal HELOC offers home equity loans with terms ranging from 10 to 10 years.

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What range of rates does Washington Federal HELOC offer?

Washington Federal HELOC offers APRs as low as 3.25% and up to 18%.

Remember the APRs of HELOCs do not include points and financing charges, just the interest rate. Most home equity lines of credit have a variable interest rate. Fixed interest rates -- if available -- typically have higher APRs, but your monthly payments don't change over the life of the line of credit.

What fees does Washington Federal HELOC charge for a HELOC?

Washington Federal HELOC may charge a loan origination fee . There is also an annual fee of $85. Another fee you should factor in is a cancellation fee of up to $500.

What types of property can you use as security for a HELOC with Washington Federal HELOC?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Washington Federal HELOC will consider lines of credit secured by the following property types:

  • Primary homes.

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Message From Washington Federal HELOC

Use your home’s equity to finance your next big project. Whether it’s to pay for a home renovation or remodel, pay consolidated medical bills or help pay for your child’s education, a no annual fee HELOC from WaFd Bank is often more affordable than using credit cards or other loans. You’ll also receive a discount on your interest rate when you make automatic payments from your WaFd checking account. We’ll pay closing costs for our existing WaFd home loan clients on lines of credit up to $250,000. HELOCs are available for primary, second home & investment properties, including jumbo HELOCs up to $700,000. Apply online, where you can securely upload your documents and receive status updates in our secure portal. Get started with a versatile HELOC today.


Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday 9:00am - 6:00pm

Other Services by Washington Federal


  Available in 8 states
  • Arizona
  • Idaho
  • New Mexico
  • Nevada
  • Oregon
  • Texas
  • Utah
  • Washington

Feature Breakdown

Annual Fee $85
Cancellation Fee $500
Credit Score Range 650 - 850
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
  • Non-Residents Through Entities Incorporated in the U.S.
Intended Use Primary Home
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Maximum LTV 80%
Draw Period 10 years
Repayment Period 15 years
APR Type Variable APR
Loan Term 10 years
Loan Amount Up to $700,000
APR (Variable APR) 3.25% - 18%

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