Home Equity Line of Credit (HELOC)

Write yourself a loan anytime you want for anything you need.

One simple application can provide you with years of borrowing power.

Sometimes, you need a big chunk of money all at once. And sometimes, a little bit goes a long way. With a Home Equity Line of Credit, you can cover any cost, ranging from car repairs to vacation expenses to kids' clothes for the new school year. What if you're faced with all of the above at the same time? No problem, you can borrow as often as you wish as long as you stay within your credit limit.

• Revolving loan fund that can be used for almost any purpose
• Credit limit depends on your home's equity (Equity is the current market value minus any outstanding mortgage balance)
• Introductory fixed-rate, variable rate thereafter, often lower than those charged by credit card companies
• Access funds through checks, Online and Mobile Banking and at PFCU locations
• Pay interest only on the amount of money actually in use
• As you repay the loan principal, funds become available again for other purposes
• Homes must be located in PA, NJ, NC, SC, DE, MD or FL 
• Not available for investment property