Real Estate Equity Loan

Enjoy the freedom of fixed interest rates and no application or appraisal fees.
Real Estate Equity Loan is rated 4.6 out of 5 by 16.
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Fixed interest rates

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No application or appraisal fees

Want to use your home’s equity for home improvements, debt consolidation, college education, and more? With a home equity loan from PSECU, you can. You'll enjoy fixed rates, no application fees, an easy application process, and potential tax benefits.*
 

 

What Is a Real Estate Equity Loan?

Real Estate Equity Loans are also called home equity loans. They have a fixed interest rate and fixed monthly payment, for the term of the loan. You receive the money you are borrowing in a lump sum payment upfront.
 
A Real Estate Equity Loan offers:
  • A fixed amount of funds in one lump sum
  • Fixed rate for the entire term of the loan
  • Predictable monthly payments
  • 5 and 10-year repayment terms
 
*PSECU representatives cannot give tax advice. Please consult a qualified tax advisor to determine if interest may be tax deductible.
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Why Choose a PSECU Real Estate Equity Loan?

A Real Estate Equity Loan lets you borrow a one-time, lump sum amount from your home’s equity. You can choose to fund a home improvement project, purchase additional property, pay college tuition, or consolidate other debt so you have one low rate and predictable monthly payments. 
 
With a Real Estate Equity Loan from PSECU, you can:
  • Borrow up to 90% of the appraised value, less any liens on the property being mortgaged. Real Estate Equity Loans have a minimum loan amount of $5,000. Existing PSECU equities may be refinanced for additional funds of $5,000 or more.
  • Secure a fixed interest rate based on the property’s loan-to-value ratio.
  • Potentially borrow from equity in land, subject to restrictions. Please contact us for details and application instructions.

Current Rates

Valid as of 10/28/2020 5:01 PM EDT 
Description APR* Monthly Payment Example
5 Year Equity Loan-to-Value up to 80%  4.115%  $18.47/per $1000.00 
5 Year Equity Loan-to-Value greater than 80% to 90.00%  4.615%  $18.70/per $1000.00 
10 Year Equity Loan-to-Value up to 80%  4.865%  $10.55/per $1000.00
10 Year Equity Loan-to-Value greater than 80% to 90.00%  5.365%  $10.79/per $1000.00 

*APR denotes Annual Percentage Rate

REAL ESTATE EQUITY LOAN: Minimum loan amount is $5,000. Loan rates, terms and information are subject to change at any time. Fixed-rate Real Estate Equity loans are available for primary residences, second homes and investment properties. Payment example: a 4.115% fixed APR applies for a 60-month term and LTV up to 80% for a monthly payment of $18.47 per $1,000 borrowed. For a LTV greater than 80% up to 90% the fixed APR is 4.615% for 60 months for a monthly payment of $18.70 per $1,000 borrowed. A 4.865% fixed APR applies for a 120-month term and LTV up to 80% for a monthly payment of $10.55 per $1,000 borrowed. For a LTV greater than 80% up to 90% the fixed APR is 5.365% for 120 months for a monthly payment of $10.79 per $1,000 borrowed. 

FAQs

We lend to properties that are: 
  • Located in the state of Pennsylvania
  • Recorded with PSECU listed as first lien holder. The property secures your mortgage loan.
  • Titled after purchase in the name(s) of individual(s), not a trust
  • Owner-occupied homes, vacation homes, or residential investment properties with one, two, three, or four units
  • Condominiums or residences within a Planned Unit Development (PUD) that meet certain criteria. Please contact our Mortgage Consultants for more information.

We do not lend to properties that are:

  • Single-wide manufactured homes
  • Timeshares
  • Not in acceptable marketable condition
  • Residential investment condo or manufactured homes
  • Located outside Pennsylvania
The loan-to-value (LTV) ratio is the loan amount displayed as a percentage of a property’s market value. Maximums vary by property type. You don’t have to borrow the maximum LTV, but the guidelines tell you your borrowing limit.
There are no fees for our equity products, unless 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.

A Real Estate Equity is a fixed rate, closed-end loan with a term of 5 or 10 years. All funds are disbursed when the loan is issued. In addition to primary residences and vacation homes, it can be used for one rental property and land. Some restrictions apply. Payments may be made using monthly coupons or automatic transfer.

A Home Equity Line of Credit has an adjustable rate based on Prime plus a margin. The 10-year open-end draw period is followed by a 20-year repayment period. The five-year open-end draw period is followed by a 10-year repayment on rental properties. The loan payment is always based on a 20-year repayment period and is made through automatic transfer on the 16th of each month.



You may refinance your Real Estate Equity Loan or your Home Equity Line of Credit 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.


Yes. Apply online or request a paper application at 800.LOAN.555 Monday through Friday 8 a.m. to 9 p.m., and Saturday, 9 a.m. to 5 p.m. (ET).

You have three options:

1. Log into online banking, click on "Move Money," and transfer funds from your line of credit to your desired share.
2. Call the self-service telephone at 800.435.6500.
3. 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).

Rated 5 out of 5 by from Responsive Team Your team did an excellent job. Very professional and speedy service
Date published: 2018-05-04
Rated 4 out of 5 by from Very pleased with the service I was happy with everyone who helps me through the loan process.
Date published: 2018-03-27
Rated 5 out of 5 by from excellent customer service I've been a PESCU member member for over 20 years. Recently, I had a problem with our online banking when PSECU was having a problem with their web site. As a result, unbeknownst to me, an online money transfer was not completed. It took a little while with the customer service representative to figure out what happened. As always, the representative was patient, courteous and very helpful. Over the years, we have received excellent products and service from PSECU 100% of the time.
Date published: 2018-01-30
Rated 4 out of 5 by from Equity Loan Process The personnel walked me through the loan through e-mails and forms that were relatively easy to follow. It did take a bit longer than anticipated due to my learning curve of the process.
Date published: 2018-01-29
Rated 5 out of 5 by from PSECU Real Estate Equity Loan This loan was offered at a very competitive interest rate and every phase of the process went smoothly.
Date published: 2018-01-29
Rated 4 out of 5 by from Good Product The product fit my current needs and the terms were good
Date published: 2018-01-07
Rated 5 out of 5 by from Great product Easy to apply for, quick approval time, excellent customer service
Date published: 2017-10-26
Rated 5 out of 5 by from Awesome Application process was quick and easy. PSECU's online tools and customer service over the phone make it relatively painless to apply and get approved fast.
Date published: 2017-10-24
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