KeyPoint Credit Union Blog


From CEO, Brad Canfield

Rising Silicon Valley Home Prices Make KeyPoint HELOC a Great Option


At a time when many areas of the country (and even some isolated parts of the Bay Area) continue to experience sagging home values, Silicon Valley real estate is skyrocketing. If you own real estate in Silicon Valley, your home likely is worth a considerable amount of money right now as prices in general reach and exceed pre-housing bubble prices.

The San Jose Mercury News recently published in-house research that indicates “34 of 185 ZIP codes in five counties have regained or surpassed their bubble-era peak home value or are less than 1 percent from it.” The San Francisco Chronicle’s “On the Block” blog about rising Bay Area prices noted, “Even in this super-charged market, Silicon Valley stands out as over the top when it comes to real estate.”

Use Your Home’s Equity for Multiple Purposes

If you’re a software engineer new to the country who purchased Silicon Valley real estate at the right time, you certainly can reap the rewards. The rising prices have some people considering selling and moving into a larger home. If you’re happy with your current home and the American-style life it affords you, now is the time to considering a KeyPoint Credit Union home equity loan or home equity line of credit. The KeyPoint HELOC allows you to take advantage of your Silicon Valley real estate value by borrowing against your home’s equity to fund renovations, make large purchases like a car or boat, pay off debt, or meet other financial needs.

Our fixed-rate home equity loan allows you to borrow up to $500,000 for up to 30 years with competitive rates and potential tax advantage (consult your tax advisor). And if you’re taking out a new home equity loan, you can close with no fees!

With our home equity line of credit, you can lock in a low fixed rate for the first 6 months, 3, 5 or 7 years and then you receive a variable regular plan rate as low as Prime after your initial fixed period ends. Your credit line can be as much as $500,000, and if it’s a new HELOC, you won’t pay fees or costs.

If you’re ready to personalize your new Silicon Valley home or use your equity for another purpose, apply for a HELOC today and take advantage of rising home values!


  • Housing Market
  • Mortgages
  • Home Equity
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