Real Estate Equity (REE) Loan

Real Estate Equity Loan is rated 4.6 out of 5 by 15.
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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 4/27/2018 4:41 AM

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 Life saver It gave me some financial breathing room. Staff made it fairly easy.
Date published: 2017-10-17
Rated 5 out of 5 by from Great fianancial institution This is a great financial institution due to ease of use, quick reply, and quick release of funds
Date published: 2017-10-17
Rated 4 out of 5 by from 1st Equity loan Easy to apply for on the internet, quickly approved and received.
Date published: 2017-08-30
Rated 5 out of 5 by from Home equity loan Process is simple to follow. Representatives are helpful. Processed timely.
Date published: 2017-08-28
Rated 5 out of 5 by from Home Equity Loan The streamlined process of acquiring a loan was a pleasure. Working together on line and through the mail went exactly as stated.
Date published: 2017-08-25
Rated 5 out of 5 by from Easy Process Going through the online process was great! So convenient!
Date published: 2017-08-19
Rated 4 out of 5 by from Ease of use but... Love the ease during the application process, closing process and loan servicing. Disappointed that no biweekly payment option exists.
Date published: 2017-08-17
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