- Minimum line of credit amount of $5,000
- No application or appraisal fees
- Ability to borrow up to 90% of the appraised value (80% for rental properties), less any liens on the property being mortgaged
- 10-year advance (draw) period (five-year advance period for rental properties)
- 20-year repayment term (10-year repayment on rental properties) from the date of the last advance
- Variable interest rate that offers affordable payments
Home Equity Line of Credit
How Our Homeowners Achieve More.
HELOC 101
From home improvements to debt consolidation, this low-rate loan option provides flexible access to cash, right when you need it most. In other words, your to-do list just got more doable.
The Details
Current Rates
Description | APR* As low as |
---|---|
Home Equity Line of Credit Loan-to-Value greater than 80% to 90.00% | 8.75% |
Home Equity Line of Credit Loan-to-Value up to 80% | 8.25% |
*APR denotes Annual Percentage Rate.
Financial Tips & Tools
FAQs
Are there fees associated with PSECU equity loans?
There are no PSECU application fees for equity loans, but third-party fees may be charged. For example, there may be third-party notary fees since PSECU requires the execution of the loan in front of a Notary Public. You may also incur fees if the Real Estate Equity Loan is being used to purchase land that will be used to build your primary residence. (PSECU requires property insurance.) For information on this type of equity, please call 800.237.7328, extension 3817. Late fees may apply.
Can I refinance my PSECU equity loan?
You may refinance your Real Estate Equity Loan, Home Equity Line of Credit or HELOC Plus by applying online. If you’re refinancing a Real Estate Equity Loan with a new one, you’re required to borrow an additional $5,000 above your current equity loan balance.
How can I advance my Home Equity Line of Credit or HELOC Plus?
You have two options:
- Log into online banking, click on "Transfer," and transfer funds from your line of credit to your desired share.
- Speak to a Member Service Representative by calling 800.237.7328 Monday through Friday 8 a.m. to 9 p.m., and Saturday, 9 a.m. to 5 p.m. (ET).