Get the Most Out of Your Home
We offer a closed-end, fixed-rate Home Equity Loan to members on a primary residence with terms up to 15 years. The home must be an existing single-family block or frame residence located in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Second Mortgage Loans are not available on vacation homes, rental properties, mobile homes, or condominiums.
Financing is available for up to 85% of the current appraised value minus the existing mortgage loan balance. The minimum loan amount is $10,000.
If you plan to refresh your home with a new style, do much-needed repairs, or consolidate large debt, our Home Equity Loan options will make you feel right at home.
Shop For Your Home With Confidence
Whether it's your first time purchasing or you're looking for a refresher, our Mortgage Loan Officers will happily guide you through the home-buying process. We take pride in mortgaging your home with care, building long-term relationships and long-term solutions for you and your family. Let us use our creativity and technology to give you the best lending experience ever!
We've created this checklist especially for you to ensure the whole home buying process goes smoothly:
Current Rates Mortgage Application Checklist Apply Now
January 15 – March 31, 2023: PEFCU will pay member closing costs on Fixed Equity Loans for loan amounts up to $250,000. If the loan amount exceeds $250,000, member will be required to pay all charges associated with the loan.
We do not offer a Home Equity Line of Credit (HELOC).