ABA Routing and Transit Number # 236084298

Home Equity Loan and Line of Credit

Capitalize on the portion of your mortgage you've already paid off.

PFCU offers members age 18 and older two ways to use the equity you’ve built in your home to fulfill your financial goals. Using your home as collateral, you can secure a great rate and the interest you pay may be tax-deductible.*

PFCU Home Equity Line of Credit offers you the flexibility to use funds when you need them. It’s like a credit card with a limit as large as the equity on your home. A PFCU fixed-term Home Equity Loan is a check for a specific amount, to be paid over a specific term.

From April 14 - May 31, 2014, we're waiving the application fee! Act quickly!

Home Equity Loans and Lines of Credit are ideal for:

  • Consolidating debt. You’ll enjoy one low interest rate and one monthly and – most likely – smaller bill. Plus, you may improve your credit rating in the process.
  • Home improvements. Use your equity to make improvements that can increase the market value of your home.
  • College tuition. Your home's equity can help you invest in your child's future!
  Loan Amount Interest Rate Terms & Restrictions

Home Equity Line of Credit

Minimum

$5,000

Maximum

Determined by your home's equity

  • Primary residences and vacation homes can be used as collateral.
Variable according to prime rate

Terms

Draw period is five years.

Residency Restrictions

  • PA, NJ, DE, MD and FL
  • Not available for investment property

Accessibility

Home Equity Loan

Minimum

$5,000

Maximum

Determined by your home's equity

  • Primary residences and vacation homes can be used as collateral.
  • Investment properties can be used as collateral for loan amounts under $50,000. 
Fixed by terms of loan.

Terms

  • Repayment up to 240 months
  • Maximum term on an investment property is 144 months.

Residency Restrictions

  • PA, NJ, DE, MD and FL

Apply today, your way!

Instructions for convenience checks

  1. Log on to Teller Net.
  2. Click on the "Support" link in the upper right hand corner.
  3. Click on the "Click here to send an email" link.
  4. Type in a message that you would like checks for your Home Equity Line of Credit.
  5. Click Send. 

* Consult your tax advisor. Maximum withdrawal is $505 per day. A fee of $99 will be charged for the processing of your application.

Equal Housing Opportunity logo

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Click here to view the full HUD Statement.


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