Home Equity Line of Credit

Perfect for securing a loan with your home to obtain a low interest rate, and to have the ability for ongoing borrowing as you need.

Currently we have a special offer — we’re waiving fees associated with our HELOC loan (unless a full appraisal is required – that fee remains collectible). And, if the loan is paid off within 24 months of funding, the member is responsible for reimbursing all waived fees. Schedule a virtual meeting if you would like a face to face conversation regarding your specific needs and how we can best fill those needs. Or give us a call to schedule an in person appointment with a loan officer. 

Features:

• Minimum credit limit: $10,000
• Maximum credit limit: $250,000
• 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: As low as 8.25%* APR.
• 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 outstanding balance ($50 minimum)
• Annual fee: $50
• For owner occupied single home and/or duplex properties only (excludes manufactured homes, townhomes and condos)

Home Equity Line of Credit — Fixed Rate Plan (NMLS #512181)

Features:

• Minimum credit limit: $5,000
• Maximum credit limit: $250,000
• Fixed interest rate (the rate will stay the same throughout the life of the loan)
• Current rate: As low as 8.25%* APR (tiered Rates)
• Maximum term: 15 years with a five-year draw period.
• Ask us how much equity in your home is needed (70%-85% ltv)
• Payment amount: 1.0% of the outstanding balance ($100 minimum)
• Annual fee: $50
• For owner occupied properties only

*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).

For your current rate(s), see our rate sheet.

What Should You Know About HELOC’s?

Here pamphlet from the CFPB that should answers just about any question about HELOCs you may have – HELOC Brochure. For a Spanish version of the brochure, click here.  For those members that enjoy the fine print, here is 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.

More Options

We offer variations to these Home Equity Line of Credit loans. If one of these loans is not the fit you are looking for, contact us as we have several options available.

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

Loan Calculator

Try our online financial calculators here