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- 717.234.8484 - option 6 - extension 3817, Harrisburg
- 800.237.7328 - option 6 - extension 3817, nationwide (USA)
A Home Equity Line of Credit (HELOC) gives you ongoing access to your loan money. As you repay the borrowed amount, you can use it as often as you like during the initial five-year draw period. The interest may be tax deductible; check with a qualified tax advisor.
Features Include:
- Borrow up to 90% of the appraised value, less any liens on the property being mortgaged
- PSECU must be 1st or 2nd lienholder
- Five-year advance period with a twenty-year repayment term from the date of the last advance
- Minimum credit line amount $5,000. Minimum advance $500.
- Interest rate may vary monthly
Types of Properties:
- Acceptable Properties
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- Owner occupied 1, 2, 3 or 4-unit properties
- Condominiums or townhouses
- Vacation homes
- Doublewide mobile homes built after June 1976, on permanent foundation, title retired
- Currently owned primary residence or vacation home (used primarily by the member) must be located in Pennsylvania
- Unacceptable Properties
-
- Commercial properties
- Properties with cesspools, cisterns, spring water
- Properties with gravity heat
- Properties located in an industrial or commercially zoned area
- Properties with agricultural use
- Time-share properties
- Singlewide mobile homes
- Investment properties
- Properties owned by a trust as identified on the deed
- Properties under contract for sale
Rates
| Description | APR* |
| Home Equity Line of Credit Loan-to-Value up to 80% |  3.25% |
| Home Equity Line of Credit Loan-to-Value greater than 80% to 90.00% | 3.75% |
| 5 Year Equity Loan-to-Value up to 80% | 5.49% |
| 5 Year Equity Loan-to-Value greater than 80% to 90.00% | 5.99% |
| 5 Year Equity Loan-to-Value greater than 90% to 100.00% | 6.49% |
| 10 Year Equity Loan-to-Value up to 80% | 6.74% |
| 10 Year Equity Loan-to-Value greater than 80% to 90.00% | 7.24% |
| 10 Year Equity Loan-to-Value greater than 90% to 100.00% | 7.74% |
*APR denotes Annual Percentage Rate
Rates and information are subject to change at any time. The annual percentage rate may increase after consummation on the Home Equity Line Of Credit. The rate on the Home Equity Line Of Credit is equal to Prime for loans up to 80% Loan-to-Value or Prime plus .5% for loans greater than 80% to 90% Loan-to-Value. The maximum ceiling APR for a Home Equity Line Of Credit is 21%. The minimum floor APR for a Home Equity Line Of Credit is 3%. 
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