Home Equity Loans

If you’re looking to get a little more out of your house, a Home Equity Loan might be for you. We offer our members, age 18 and older, two ways to use the equity you’ve built in your home to fulfill your financial goals. By using your home as collateral, you can secure a great rate and the interest you pay may be tax-deductible.*

What is a Home Equity Loan?

A Home Equity Loan is a loan that allows borrowers to use the value of their home as collateral. Home Equity Loans typically offer borrowers a fixed term, fixed interest rate with fixed monthly payments. This means a Home Equity Loans offer borrowers an opportunity to borrow a specific amount – only borrowing the money that they need.

Why Choose a Home Equity Loan

  • Consolidate debt. 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 home 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.

Benefits of Choosing a Home Equity Loan

  • Fixed monthly payments. With a fixed loan sum and fixed rates, you’re able to make affordable monthly payments –and know what you’ll be paying each month for the duration of the loan.
  • Competitive rates. Use your home’s equity to lock in a low, competitive rate for your loan.
  • Use Investment Properties as Collateral. For loan amount under $50,000, borrowers can use their investment properties to get the loan they need.

Home Equity Loans from PFCU

A PFCU fixed-term Home Equity Loan is a check for a specific amount, to be paid over a specific term. Our Home Equity Loan rates are as low as 5.99% APR* with no application fee! So if you’re interested, now’s the time to act.


Loan Amount

Interest Rate

Terms & Restrictions

Home Equity Loan


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.


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

Residency Restrictions

  • PA, NJ, NC, SC, DE, MD and FL

Home Equity Line of Credit

Is a Home Equity Loan not the right fit for your needs? PFCU also offers Home Equity Line of Credit to qualified borrowers.

Want to talk to someone?

Call our Member Services Representatives at 215-934-3500 to talk with a PFCU Mortgage Professional.

* APR = Annual Percentage Rate. Quoted rate is the lowest available rate and is accurate as of April 1, 2020. Your rate will be based on your credit history and may be higher. For each $15,000 borrowed at 5.99% APR over a term of 60 months, pay approximately $289.88 a month. Offer cannot be combined with any other offer. Rates and terms are subject to change without notice. Home Equity Loans are only available in PA, NJ, DE, MD and FL. Other charges may apply for loans outside of PA and NJ. Application waiver offer is valid for 90% loan-to-value. Property insurance is required, and Flood insurance may be required. Fees that PFCU pays on your behalf will be recaptured if the loan is paid off within the first three years. Offer of credit is subject to credit approval.

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National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.