Home Equity Loans

Found your perfect home but it needs a little freshening up? Are you planning a much-needed vacation? Or is it time to start thinking about funding the kids' education?  We have great options for you to use your home's equity to get cash you need. 

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
  • Principal and interest payment remain the same throughout the term of the loan
  • PFCU pays closing costs up to $350
  • 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
  • No Closing Costs (with minimum $7,500 first draw) 
  • 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




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