Golden 1 Credit Union: Home Equity Review

Golden 1 offershome equity loansand home equity lines of credit, orHELOCs, to homeowners in the Golden state.

Minimal fees:This credit union charges no system fees, no annual fees and no prepayment penalties.

Golden 1 also coversclosing costs.

Cons

Limited availability:Golden 1 home equity loans are available only to homeowners in California.

High minimum loan amount:The $25,000 minimum may be overkill.

Golden 1 doesn’t disclose its minimumcredit scorerequirements.

This includes providing proof of income and employment with tax returns, pay stubs and W-2s.

Golden 1 has more than 70 branches and home loan centers across California.