Who Qualifies?
All active Costco Wholesale employees in California qualify, including warehouse staff, pharmacy employees, optical staff, management, and corporate employees. Both full-time and part-time employees may qualify.
Not sure if you qualify? Submit the form above — your advisor confirms eligibility within 24 hours with no credit pull required.
How Much Can Costco Employees Save?
| Loan Amount | Standard Rate | Costco Employee Rate | Monthly Savings | 30-Year Savings |
|---|---|---|---|---|
| $400,000 | 7.25% | 6.49% | ~$210/mo | ~$75,600 |
| $600,000 | 7.25% | 6.49% | ~$315/mo | ~$113,400 |
| $800,000 | 7.25% | 6.49% | ~$420/mo | ~$151,200 |
Already Have a Low Rate? You Still Benefit.
Many Costco employees locked in rates of 3%–4% before 2022. California home values are up 40%+ since then — meaning significant untapped equity sitting in your home. A HELOC or home equity loan lets you access it without refinancing your first mortgage. The Costco employee benefit applies to your HELOC rate too.
Best of both worlds: Keep your 3% first mortgage. Add a HELOC at your Costco employee rate. Your existing rate is never touched.