Real Estate Equity (REE) Loan

Real Estate Equity Loan is rated 4.6 out of 5 by 16.
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A Real Estate Equity Loan is a closed-end loan with a fixed-rate over the life of the loan. You'll receive a lump sum with a predictable payment. We offer five- and ten-year terms. Please consult a qualified tax advisor to determine if the interest may be tax deductible.

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.
  • Minimum loan amount $5,000. Existing PSECU equities may be refinanced for additional funds of $5,000 or more.
  • Fixed interest rate based on Loan-to-Value.
  • Equities on land are offered subject to restrictions. Please contact us for details and a paper application.
  • Purchase transactions are limited to unimproved land

Rates valid as of 6/21/2018 9:53 PM

DescriptionAPR*
Home Equity Line of Credit Loan-to-Value up to 80% Calculate4.75%
Home Equity Line of Credit Loan-to-Value greater than 80% to 90.00% Calculate5.25%
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

Types of Properties

Acceptable Properties
  • Currently owned 1, 2, 3 or 4-unit properties located in Pennsylvania
  • Condominiums or townhouses
  • Vacation homes
  • Doublewide mobile homes built after June 1976, on permanent foundation, title retired
  • Residential investment properties
Unacceptable Properties
  • Commercial properties
  • Properties located outside of Pennsylvania
  • Properties with cesspools, cisterns, spring water
  • Properties with gravity heat
  • Properties located in an industrial zoned area
  • Time-share properties
  • Singlewide mobile homes
  • Properties owned by a trust as identified on the deed
  • Properties listed for sale within the last 6 months
  • Properties with gas, oil or coal mining
  • Properties with certain business operations

HOME EQUITY LINE OF CREDIT: The 4.75% variable APR applies for loan-to-value (LTV) up to 80%. For a LTV greater than 80% up to 90%, the variable rate is 5.25% 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 current calendar month. The maximum APR is 18%. The minimum APR is 3.00%.

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.

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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