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  • New Loans and Accounts: 602-433-5626
  •  Service: 602-433-7000
  •  Routing # 122187238
Home Equity Line of Credit


Get cash with the equity in your condo, townhome, vacation home or investment property.

5.99 %
for the first 12 months
Rates as low as
8.75 %
after the first 12 months
Apply Now

Desert Financial offers a home equity line of credit that you can use for whatever you need — from paying bills or unexpected expenses to tackling your to-do list of home repair and improvement projects.







A home equity line of credit (HELOC) isn’t just for single-family homes and primary residences! Desert Financial also offers HELOCs on other property types including:

Condo icon

Condos and Townhomes

Vacation icon

Vacation/Second Homes

Investment home icon

Investment Properties

How Does it Work?1

With a HELOC, you can withdraw funds as you need them during your 10-year draw period — up to your available limit. Use your HELOC funds for renovation projects, repairs, debt consolidation or anything else you choose.

Other perks include:

  • No application fees
  • Waived closing costs
  • 20-year repayment period
  • Easy access to funds through online banking
  • Locked-in payments with our Fixed-Rate Option2

Get started with a HELOC today while rates are low and home values are high! Apply online now, visit a branch or call (602) 433-5626.

See today's rates on home loan products with full terms and conditions.

Have Our Experts Call You!

1APR = Annual Percentage Rate. Promotional APR applies only to new HELOCs with a minimum loan amount of $10,000 and a maximum loan-to-value (LTV) of 80%. $50 annual fee applies; waived for Rewards+ members. See Statements of Terms, Conditions, and Disclosures for full Relationship Rewards details. Promotional APR is fixed for initial 12 months of the term. On the first calendar day of the 13th month following loan closing date, APR will convert to the variable rate plan as described in the applicable loan documents. Subsequent APR may vary based on the index rate, plus a margin. Index rate is based on the Prime Rate as published in the Wall Street Journal. On May 4, 2023, that index was 8.25%; resulting APR with a 0.25% margin is 8.75%. APR will never exceed 24.00%. "As low as" rate assumes excellent borrower credit history, loan amount of $75,000 or more, and 60% or less Loan-to-Value. Alternative rates and terms are available. Actual rates and APRs dependent on credit history, type of product, loan term and loan-to-value (LTV), occupancy and type of collateral. This line has a 10-year draw period. Minimum monthly payment will be principal, and interest amortized over a 30-year repayment term.

2Fixed Rate Option: Must convert a minimum balance of $10,000 to Fixed Rate Option and may not exceed the credit limit. Loan term cannot exceed loan maturity date. Maximum of three Fixed Rate Options may be open at one time. Rates for the Fixed Rate Option are typically higher than HELOC variable rates. Minimum payment on a Fixed Rate Option includes principal and interest in fixed monthly payments. Property insurance required. Interest may be tax deductible. Consult your tax professional regarding deductibility. NMLS ID #509455