We’ll be closing at 1:30 pm on Wednesday, April 24 for our 61st Annual Meeting. We’ll resume regular business hours the following day, April 25.

Sign in
Home Equity Line of Credit

Home Equity Line Of Credit

A Home Equity Line of Credit (HELOC) can help turn your goals into reality
Apply Now

Effective Date as of 04/01/2024

Home Equity LOC


% APR*

as low as

Apply Now Join PFCU to Apply

Home Equity Line of Credit (HELOC)

Hit “refresh” on your kitchen, purchase new furniture, or take a little R & R getaway

A home equity line of credit, or HELOC, is a revolving credit line. It’s secured by the equity you’ve built in your home and can be used as needed — like a credit card. You only pay interest on what you draw from your HELOC.

Line of Credit benefits:

  • Borrow up to $300,000 (up to 90% of your assessed or appraised value)
  • Variable rate with up to 22-year term (10-year draw period)
  • Low rates with affordable repayment terms; payment based on balance
  • Tap into the line of credit any time you need it 
  • Direct Deposit and Payroll Deduction Payments to fit your unique pay schedule
  • Interest paid may be tax deductible
Apply Now

Learn more about HELOCs.

Download your free copy of “What You Should Know About Home Equity Lines of Credit” booklet prepared by the Consumer Financial Protection Bureau (CFPB).

Download PDF Booklet

Frequently Asked Questions

Based on the value of your home’s equity, we will help determine how much you can borrow. During the draw period, you can advance money as you need it. As you pay off the principle, your available balance is restored, allowing you to use it again. Unlike a fixed-rate loan, you only pay on the balance owed, providing flexibility to use as little or as much as you need. 

Learn More

Apply Now

Home equity lines of credit are often used to finance major expenses such as debt consolidation, home remodeling, medical bills, or college education. 

Complete our Online Application to apply for a Home Equity Line of Credit. It only takes a couple of minutes! 

Diana is a superstar to work with and a wonder woman. Her communication skills are excellent and response to emails are instant. Very clearly explains the process and you never feel like you are not taken care of.

Amalaraja S.  | Member SINCE 2021
Amalaraja S.

Need more information?

Connect with a PFCU Member Consultant, by scheduling an appointment, video chat, email, or phone.