Home Equity Line of Credit Plan

Variable Rate

  • Minimum: $10,000 credit limit
    Maximum: $250,000 credit limit
  • Variable interest rate tied to Prime Rate (prime +0.50 to 2.00% determined by credit score) with an annual cap of 3% and a lifetime cap of 12% subject to change on the 1st day of each month.
  • CURRENT RATE= 9.00%* APR (as low as)
  • Maximum term: 15 years with a ten-year draw period
  • Ask us how much equity in your home is needed (75% to 85% ltv)
  • Payment amount: 1.0% of the out-standing balance ($50 minimum)
  • Annual fee $50
  • For owner occupied single home and/or duplex properties only (excludes manufactured homes, townhomes and condos)
  • Perfect for securing a loan with your home to obtain a low interest rate and the ability for ongoing borrowing, as you need
  • Home Equity Disclaimer (PDF)

Home Equity Line of Credit Plan

Fixed Rate

  • Minimum: $5,000
    Maximum: $250,000
  • Fixed interest rate (the rate will stay the same throughout the life of the loan).
  • CURRENT RATE= as low as 8.50%* APR (Tiered Rates)
  • Maximum term 15 years with a five-year draw period
  • Ask us how much equity in your home is needed (ltv)
  • Payment amount 1.0% of the out-standing balance ($100 minimum)
  • Annual fee: $50
  • For owner occupied single home and/or duplex properties only (excludes manufactured homes, townhomes and condos)
  • Perfect for securing a loan with your home to obtain a low interest rate and the ability for ongoing borrowing as you need.

What You Should Know About HELOC’s — Pamphlet

The CFPB developed a pamphlet to answer just about any question you can think of regarding Home Equity Lines of Credit. We think you’ll find it quite useful! Click here for the HELOC Brochure. For a Spanish version of the brochure, click here. For those that like the fine print, here is a copy of our Home Equity Early Disclosure Notice.

Fraud is alive and booming in all areas of our life. Folks acquiring mortgage loans are targets for sure. Here’s a quick read pamphlet with some great clues on how to avoid fraudsters. Of course, we’re always here to answer any questions and to help. Here’s the Quick Read Pamphlet.  Thank you to our friends at First American Title.

Mortgage Retirement Loan (Fixed Rate) — up to $250,000

The Mortgage Retirement Loan is intended to help members shorten their mortgage terms to prepare for retirement or just because they want to pay their home off sooner. It’s perfect to consolidate your home equity loans and your first mortgages into one. This loan is a first lien loan- it can not be in second lien. If you are nearing the end of your mortgage, consider this loan

  • Minimum Loan Amount: $20,000
  • Fixed interest rate (the rate will stay the same throughout the life of the loan)
  • CURRENT RATE= as low as 6.875%* APR (Tiered Rates)  7-year amortization as low as 6.875%*, 10-year amortization as low as 7.375%*, 12-year amortization as low as 7.375%*, 15-year amortization as low as 7.50%*
  • Fixed Terms: Minimum 7-year (or 10-, 12-, 15-year). (Sample:  120 monthly payments of $52.44 per $5000 borrowed at 4.75% APR)
  • Ask us how much equity in your home is needed (ltv) (80% ltv)
  • Payment amount: Minimum $50 to principal.
  • Annual fee: $0
  • Flat fee of $395, unless an appraisal is required. If an appraisal is required member is responsible for cost.  Flat fee of $395 should save member between $400 to $1,108 in loan fees.
  • Owner occupied properties only
  • Perfect for securing loan with your home to obtain a low interest rate for one-time projects or to refinance an existing loan

Home Equity Fixed Rate Loan — up to $100,000 — Second Lien

The Home Equity Fixed Rate loan is a second mortgage.

  • Minimum Loan Amount: $5,000
  • Fixed interest rate (the rate will stay the same throughout the life of the loan)
  • CURRENT RATE= as low as 8.375%* APR (Tiered Rates)
  • Fixed Terms: Up to 15 years. (Sample:  180 monthly payments of $739.69 per $100,000 borrowed at 4.00% APR)
  • Ask us how much equity in your home is needed (ltv)
  • Payment amount: Minimum $50 to principal.
  • Annual fee: $0
  • Owner occupied properties only
  • Perfect for securing loan with your home to obtain a low interest rate for one-time projects or to refinance an existing loan

Home Improvement Line of Credit Plan

  • Minimum: $5,000 credit limit
    Maximum: $30,000 credit limit
  • Variable interest rate tied to Prime Rate (prime+ 3.0) with an annual cap of 3% and a lifetime cap of 9% subject to change on the 1st day of each month.
  • CURRENT RATE= 11.50%* APR
  • Maximum term: 10 years with a two-year draw period
  • No equity in your home required
  • Payment amount: 1.5% of your outstanding balance ($100 minimum)
  • Annual fee $0
  • Loan processing fees: $0 to member, Credit Union pays for you
  • Owner occupied properties only
  • Perfect for small home improvement projects with no fees!

*Rates shown are Annual Percentage Rates (APR). Rates will vary depending on credit condition, term of loan, lien position and payment option. All Loans are subject to approval. Regular terms and conditions apply. Rates shown are subject to change without notice. See our Home Equity disclosure for details or call us at 800-477-3328. Loan terms available may vary depending on amount borrowed, credit history, or payment method. Call or see branch for details. PCFCU is an Equal Opportunity Lender. See your professional tax advisor for tax advantages, advice and/or question(s)..

Visit one of our branches today and speak with an experienced member service person to help match the best product for your current needs.

We offer promotional rates from time to time. Check with us to see if we are running a special promotion on any of our loans.