Home Equity Loans & Lines
Put your home equity to work for you!
Pasadena FCU's Home Equity Loans and Home Equity Lines of Credit are a great way to borrow money based on the equity in your home.
Whether you want to build a dream kitchen or bathroom, switch to drought-resistant landscaping, add an extra room, or just want a line of credit for unexpected expenses, Pasadena FCU has the right home equity loan option for you!
Home Equity Loan
Our Home Equity Loan provides a one-time, lump-sum loan which can be paid off in fixed payments over 10 or 20 years.
- Fixed rates as low as 4.99% APR¹
- Borrow up to 75% of your available equity
- Loan amounts: from $20,000 up to $300,000
- Variety of terms: 10 years, 15 years, and 20 years
- Fully amortizing - make monthly payments to pay off loan in full by end of term
Home Equity Line of Credit (HELOC)
Use our Home Equity Line of Credit for major expenditures you have now, or in the future. This variable-rate loan lets you borrow whatever you need, whenever you need it:
- A practical way to manage cash, consolidate higher-rate debt, or finance home improvements as you go
- Borrow what you need (up to your approved credit limit), when you need it
- As you repay your credit line, the funds become available to borrow again, with no need to reapply
- No early closure fee
- 15-year draw, 15-year repayment period²
Getting your Pasadena FCU Home Equity Loan or Home Equity Line of Credit has never been easier. Contact us today and start enjoying a new level of convenience and great home equity loan rates.
- For immediate, personalized assistance, Pasadena FCU members should call us directly during business hours to speak to our locally-based home loan specialists at (626) 799-0882.
¹ APR = Annual Percentage Rate. Rate quoted is our lowest available rate. Rate may vary depending on individual credit history. Borrow up to 75% of your property's loan to value (LTV) for 10 years. A $450 loan processing fee applies for loans under $100,000, a $650 loan processing 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. Property must be located in California. Other restrictions may apply.
² The HELOC Payment example: Monthly payment on a $20,000.00 loan at 5.00% for 180 months is $158.83. This rate is current as of April 1, 2020.
PFCU NMLS # 493794 NMLS Consumer Access