Home Equity Loan Application




You can apply for any of CommonWealth's low-rate home equity loans by using the application below. There are no application fees--apply today!

How to Apply

1. Apply online or print out an application below.

2. You must read the Home Equity Loan Brochure and Home Equity Early Disclosure before applying.

3. Fax, mail or deliver to a branch the following documents (include with your completed application if you are using the Printable Application):

a. Your two most current paystubs. If you work for more than one employer, please provide the two most current paystubs for all employers. If self-employed, please provide two (2) years of tax returns and a current P & L statement.
b. If you claim rental income and would like it to be considered, please provide two years of tax returns with all schedules.
c. If you currently have a first mortgage with a financial institution other than CommonWealth Central Credit Union, please provide a copy of your Note, Truth in Lending disclosure, and monthly mortgage statement.
d. A copy of your property tax bill.
e. A copy of your homeowner insurance annual premium. If the property is a condominium, please provide the HOA contact information.

4. Return all documents to the Real Estate Department by fax at (408) 531-3195; mail them to CommonWealth Central Credit Union, P.O. Box 641690, San Jose, CA 95164-1690; or drop them off at any of our branch locations.

Home Equity Line of Credit
  • 12 month introductory rate period
  • 10 year borrowing period
  • Make interest-only payments during the borrowing period
  • 20 year repayment period
  • After the borrowing period, principal and interest payments vary to pay off the loan in the remaining loan term. Rates remain variable throughout the entire loan term.
  • Click here for current rates!

Home Equity Loans

  • 7, 15, and 20-year terms available
  • Fixed rate and payment for the life of the loan
  • Receive the entire loan amount as a lump sum
  • Click here for current rates!


You must review the two documents below before opening either the Online Application or the Printable Application.

Yes, I received Home Equity Loan Brochure
Yes, I received Home Equity Early Disclosure

Online | Printable Home Equity Loan Application