Looking to build that dream kitchen, switch to drought-resistant landscaping, add an extra room or just want an available line of credit for those unexpected expenses? A home equity loan or home equity line of credit (HELOC) from PFCU gives you the spending power you need often at a lower interest rate than personal loans or credit cards. Plus the interest you pay may be tax deductible.*
- Rates as low as 3.99% APR**
- Borrow up to 85% of your available equity
- Loan amounts $20,000 up to $500,000
- 10 year term
- Fully amortized
- Fixed rate
- Other rates and terms available
A practical way to manage cash flow, consolidate higher rate debt, or finance home improvements as you go.
* Consult with your tax advisor to determine if your interest payments are tax deductible.
** APR = Annual Percentage Rate. Rate quoted is our lowest rate and includes a .25% discount with an automatic monthly payment from your PFCU checking account. Rate may vary depending on individual credit history. Borrow up to 85% of your property's loan to value (LTV) for 10 years. A $350 loan fee applies for loans under $100,000, a $550 loan fee applies for loans over $100,000. The fees cover the cost of title and appraisal, no other fees are charged. Other terms available subject to credit approval. Payment example: Based on a $20,000 loan for a 10 year term at 3.99% the payment is $202.45. Home must be a 1-4 unit primary residence located in California.
Payment example: Monthly payment on a $20,000 loan at 4.99% for 180 months is $158.09. This rate is current as of May 28, 2013. Property must be located in California. Other restrictions may apply.
NMLS # 493794 NMLS Consumer Access