The purchase of a home is the most significant financial transaction most of us will ever make. For such an important event, it is critical that you have the right financial partner. At a time when some borrowers have been let down by their mortgage lenders, you can feel safe turning to PFCU to finance your dreams. Whether you're a first-time homebuyer or looking for a bigger home to accommodate a growing family, PFCU has the loan that's right for you. With prices and rates low, most experts agree that now is a great time to buy a home. We offer a variety of mortgages to meet your needs. PFCU also offers competitive rates for refinancing existing mortgages. For more information about your mortgage options click here or to speak with a mortgage loan specialist or complete an application by phone, please call 800.200.4889.
New! Now you can apply online, work with helpful online calculators and find a wealth of other valuable information to make this exciting adventure easier at our new Home Loan Center.
A Home Equity Line of Credit (HELOC) is a variable rate loan that allows you to access the equity in your home - remodel your home, purchase a vehicle, go on vacation, or pay for education needs. Your HELOC is a revolving line of credit - when your balance is repaid, your credit line is replenished. Borrow up to 80% of the appraised value of your residence, less the balance of your current mortgage, up to $500,000. Home Equity Loans may give you a substantial tax savings, as the interest may be tax deductible, so please speak with your tax advisor for advice.
- Access to your credit line in 5 days
- No annual fee
- No cash advance fee
- 15 year draw period plus 15 years to repay the loan
- Fully amortized - no balloon payments
- Borrow up to 80% of your home's appraised value
Click here to download HELOC disclosures and application (PDF)
Our Fixed Equity Loan is a perfect complement to our Real Estate loan offerings. This fixed-rate loan allows you to borrow against your home's equity to finance home improvement projects or a college education. The loan is fully amortized over 15 years with no balloon payment. You may borrow up to 80% of your available equity, up to $500,000. The loan is available for vacation homes and second properties.
- Rate as low as 6.99% APR*
- Borrow up to $500,000
- 15 year term
- Fully amortized
- Fixed rate
*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 80% of your property's loan to value (LTV) for 15 years. A $300 loan fee applies for loans under $100,000, a $500 loan fee applies for loans over $100,000. The fees cover the cost of title and appraisal, no other fees are charged.
Pay only 6.99% APR on a 15 year fixed equity loan with 180 payments of $89.87 for each $10,000 borrowed. This rate is current as of December 31, 2007 and is the preferred rate. Property must be located in California. Other restrictions may apply.
Click here to download Fixed Equity disclosures and application (PDF)
