Real Estate Equity Loan

Enjoy the freedom of fixed interest rates and no application or appraisal fees.

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.

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.1

Current Rates

Valid as of 06/3/2023 4:56 AM EDT 
Description APR* As Low As Monthly Payment Example
5 Year Equity Loan-to-Value up to 80% 6.115% $19.39/per $1000.00
5 Year Equity Loan-to-Value greater than 80% to 90.00% 6.615% $19.62/per $1000.00
10 Year Equity Loan-to-Value up to 80% 6.365% $11.29/per $1000.00
10 Year Equity Loan-to-Value greater than 80% to 90.00% 6.865% $11.55/per $1000.00

*APR denotes Annual Percentage Rate.

Rates "as low as" 6.115% APR assumes excellent creditworthiness; your rate may differ from the rate(s) shown here. Rate and loan amount subject to credit approval. 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 6.115% fixed APR applies for a 60-month term and LTV up to 80% for a monthly payment of $19.39 per $1,000 borrowed. For a LTV greater than 80% up to 90% the fixed APR is 6.615% for 60 months for a monthly payment of $19.62 per $1,000 borrowed. A 6.365% fixed APR applies for a 120-month term and LTV up to 80% for a monthly payment of $11.29 per $1,000 borrowed. For a LTV greater than 80% up to 90% the fixed APR is 6.865% for 120 months for a monthly payment of $11.55 per $1,000 borrowed. Payment amounts shown are representative of principal and interest only and do not include taxes and insurance, if applicable; therefore, actual payment may be greater and vary from those shown. 

 

FAQs

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. Late fees may apply.
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.

1PSECU representatives cannot give tax advice. Please consult a qualified tax advisor to determine if interest may be tax deductible.