Equity Loans

Put your house to work for you! Use the equity in your home to provide cash for home improvements, debt consolidation, college education and more. PSECU offers two equity products, both with attractive rates and terms. With both PSECU equity products, you'll enjoy competitive rates, no fees and an easy application process.

Details

Real Estate Equity Loan

With this fixed-rate loan, get a lump sum and one monthly payment that doesn't change. Full details...

Home Equity Line of Credit

It's ongoing access to cash, up to your available credit limit. Pay back based upon only what you borrow with this variable rate line of credit. Full details...

Term Five or ten years Five-year advance period with a 20-year repayment plan (10-year for rental properties) from the date of the last advance
Minimum $5,000 $5,000
Maximum

Maximum amount is determined by available equity. Up to 90% of appraised value of the property less any liens against it may be borrowed.

Maximum amount is determined by available equity. Up to 90% of appraised value of the property less any liens against it may be borrowed.

Funds Availability Generally within two weeks Generally within two weeks. Minimum advance amount is $500.
Tax Deductible Interest Check with your tax advisor Check with your tax advisor
Transfer Money Not available Online or by phone
Restrictions Must be located in PA
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Must be located in PA
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Apply Get the Loan Get the Loan

Current Rates

DescriptionAPR*
Home Equity Line of Credit Loan-to-Value up to 80% Calculate3.75%
Home Equity Line of Credit Loan-to-Value greater than 80% to 90.00% Calculate4.25%
5 Year Equity Loan-to-Value up to 80% Calculate4.115%
5 Year Equity Loan-to-Value greater than 80% to 90.00% Calculate4.615%
10 Year Equity Loan-to-Value up to 80% Calculate4.865%
10 Year Equity Loan-to-Value greater than 80% to 90.00% Calculate5.365%
*APR denotes Annual Percentage Rate

Annual Percentage Rate. HOME EQUITY LINE OF CREDIT: The 3.75% variable APR applies for loan-to-value (LTV) up to 80%. For a LTV greater than 80% up to 90%, the variable rate is 4.25% APR. There is a five-year advance period with a twenty-year repayment term (ten-year repayment on rental properties) from the date of the last advance. The minimum line of credit amount is $5,000. The minimum advance amount is $500.The monthly payment may vary. The variable interest rate will be equal to the prime rate or prime rate plus .5% as published in the last issue of the Wall Street Journal on the last day before the most recent full calendar month. The maximum APR is 18%. The minimum APR is 3%.

REAL ESTATE EQUITY LOAN: The 4.115% fixed APR applies for a 60-month term and LTV up to 80%. For a LTV greater than 80% up to 90% the fixed APR is 4.615% for 60 months. The 4.865% fixed APR applies for a 120-month term and LTV up to 80%. For a LTV greater than 80% up to 90% the fixed APR is 5.365% for 120 months.