HELOC
Leveraging the equity in your home is a great way to help pay for college, home renovations or unexpected medical expenses
There can be tax benefits as well (consult with your tax advisor to be sure). We offer two options, both featuring affordable rates and terms for owner-occupant and investor properties.
Apply for a HELOC – a revolving line of credit that enables you to borrow money when and as you need it.
Membership ($5 in Regular Savings) required.
A credit report will be required upon completion of a loan application.
Before you apply, here's a checklist of items and documents to gather to make your HELOC application process go smoothly.
Documentation for Debt to Income Calculations:
- One month of your most current paystubs (consecutive)
- Verification of retirement or Social Security income (award letter or 2-month bank statements showing direct deposit)
- Your most current W-2, Wage and Tax Statement
- Last 2 years of federal tax returns complete with all W-2's, schedules + current profit/loss statement (for self-employed income, secondary income or other income such as tips, bonus or rental income)
- Statements of items to be paid with debt consolidation (if applicable)
- If you refinanced your mortgage within the last 30 days please provide final copy of escrow's HUD 1 Settlement Statement
Property Documentation:
- Current tax assessment
- Copy of Homeowners/Hurricane/Flood Insurance (Single Family Dwelling)
- Copy of Master Condo Policy/HO-6 Walls-In Policy (Condominiums)
- Evidence of Maintenance Fee (Statement from HOA, Coupon or 2 months of bank statements showing payment (Condominiums)
- Copy of Original long form of trust/restatement and all amendments (if applicable)
Open an Account Now!
Not yet a member of Aloha Pacific? You can be. Visit any branch or open a Savings account online. If you’re already a member, you can open a checking account and an Aloha Rewards Money Market Savings online, too!