Use Your Home Equity to Your Advantage.

Home Equity or HELOC

Tampa Bay has recently seen some of the largest gains in home values in the country. Is your home ready for some much needed repairs or upgrades to get prepared for hurricane season? Do you need to consolidate debt to help you get ahead? Is it time to start thinking about funding the kids' education? Using your home equity is a great way to tackle many financial situations.

We have great options to use home equity to get cash you need. Contact our PFCU Lending Department to see how we can help you! 

Fixed Home Equity Loans

Unlock the equity in your home and get the cash you need, when you need it. 

  • Competitive rates and flexible terms
  • Receive the sum of your home equity loan all at once
  • Pay for large expenses or consolidate debt
  • Fixed rate and fixed term up to 180 months
  • Payment remains the same throughout the term of the loan
  • PFCU pays closing costs up to $750.00
  • Owner occupied primary residence only
  • Minimum loan amount of $5,000.00
  • May be tax deductible; consult your tax advisor


Home Equity Line of Credit 

Sometimes you don't need a big chunk of money at one time, but you just need a little here and there to help with home improvements or make a special purchase. A line of credit helps you with cash as you need it.

  • Advance on your line of credit for up to 10 years and repay over a 10-year period
  • Only pay interest on what you use
  • No minimum loan amount 
  • No initial advance required
  • No appraisal fee
  • PFCU pays closing costs up to $1,500.00
  • LTV up to 85% including first mortgage loan balance
  • No annual or transaction fees
  • Variable rate based on Wall Street Journal Prime
  • Use it again with no need to re-apply
  • Owner occupied primary residence only
  • May be tax deductible; consult your tax advisor



Uses for Home Equity


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